Medical Accounts Receivable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


A Breakthrough Medical Accounts Receivables Factoring Company
Offering Factoring Programs Tailored
to Make You More Money 

We Can Offer You What Others Can't

Unlike other Medical Accounts Receivables factoring companies,
our program includes the following features at no additional charge:
• 12-24 hour funding on approved invoices
• Highest advance rates in the industry
• Credit analysis on new and existing customers
• Continuous collection management and follow up on    factored invoices
• Invoice and statement mailing (postage included)
• Account status inquiries anytime;
  24/7 online account access.   
• We allow you to electronically submit Invoices
• Free credit checking on new customers at no   additional cost

Also
•  Personalized Service - you have one dedicated person   and his or her assistant who handle your account.  
  You don't have to start over each time you call
  with a new person
• We are seasoned professionals with an average of 11   years industry experience per account executive   
  (Well above the factoring industry norm)

Our flexibility allows you to maintain control:
• You select accounts you prefer to factor on an invoice   by invoice basis.
• You control total factoring costs by only factoring on an    "as needed" basis.

Up to 97%  Medical Accounts Receivable Advance Rates:
Advance rates are based on overall risk associated with a particular industry as well as experience and track record. We hold reserve accounts to accommodate industries which typically experience dilution and that we would otherwise not be able to service. Advance rates range from 80% to 97% of the gross invoice amount

Medical Accounts Receivable Hospital Impact

Medical Accounts receivable add only one thing to hospital operations--cost. How much cost is often a misunderstood and controversial issue.   the nature of the true carrying costs of medical accounts receivable and offer suggestions to reduce them.

Time cost. The cost most often associated with medical accounts receivable--time cost--is the present value of money to be paid at a specified point in the future. In other words, how much money would have to be invested today, at a given interest rate, to generate a principal-plus-interest amount equal to what will be paid or collected in the future? The calculation is the reverse of compounding interest, and in this case the interest rate is called the discount or capitalization rate.
 invoice factoring company
and account receivable factoring
and accounts receivable financing

Medical Accounts Receivable Opportunity cost is similar to time cost, but completely unrelated. It is a separate discrete cost.

Opportunity cost is difficult to predict unless project opportunities can be identified and their costs calculated. The rate of return required before an opportunity is considered for investment is known as the hurdle rate. Most organizations establish a range of desired return (hurdle rate) of 15 percent to 20 percent for Medical Accounts Receivable.
invoice factoring
freight factoring
account receivable factoring

Medical Accounts Receivablen Financing cost. Financing cost is the cost associated with credit lines or other regular funding sources used to smooth erratic cash flow in collection cycles. Some organizations have cash peaks and valleys that require some type of medical accounts receivable financing. In addition, many healthcare providers are unable to utilize commercial bank financing sources due to generally perceived instabilities within the healthcare industry. As a result, alternative sources of financing, most often more costly, must be utilized.