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Atricle Dump - Medical Receivables Funding Gives Providers Much Needed Capital
There are a lot of forex trading systems sold on the net and most of them won’t make you money.If traders want a system why not build your own? Let’s look at this concept and a potential system.If you check our other articles we have put out a free system with just basic support and resistance and two indicators and indicated some trading opportunities to look
Factoring is not a loan: it is the sale of your medical third party receivables. It is not an asset based loan or a debt facility that banks offer. Unlike bank lines that can tie up all your assets, factoring only encumbers your medical receivables. In ad
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For smaller groups, the problems are magnified. The Medicare reimbursement decreases, along with skyrocketing malpractice insurance premiums and slow time-to-collection waiting periods from third party payors have placed many providers in a precarious position. A large percentage of doctors have postponed much needed equipment purchases and laid off staff or are planning layoffs in the near future.
These providers have no ability to change the laws regarding Medicare reimbursements, but they can take matters into their own hands by using their assets more efficiently. Medical receivables funding, or factoring, allows the provider to receive immediate cash for their third party billings. Third party payors are commercial insurance companies, HMO’s, PPO’s, Blue Cross/Blue Shield, Medicare, Medicaid, and state entitlement programs. Ordinarily, the provider must wait anywhere from 30 to 90 days to collect their payments after the service has been performed. Factoring changes all that.
Factoring is not a loan: it is the sale of your medical third party receivables. It is not an asset based loan or a debt facility that banks offer. Unlike bank lines that can tie up all your assets, factoring only encumbers your medical receivables. In add
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For smaller groups, the problems are magnified. The Medicare reimbursement decreases, along with skyrocketing malpractice insurance premiums and slow time-to-collection waiting periods from third party payors have placed many providers in a precarious position. A large percentage of doctors have postponed much needed equipment purchases and laid off staff or are planning layoffs in the near future.
These providers have no ability to change the laws regarding Medicare reimbursements, but they can take matters into their own hands by using their assets more efficiently. Medical receivables funding, or factoring, allows the provider to receive immediate cash for their third party billings. Third party payors are commercial insurance companies, HMO’s, PPO’s, Blue Cross/Blue Shield, Medicare, Medicaid, and state entitlement programs. Ordinarily, the provider must wait anywhere from 30 to 90 days to collect their payments after the service has been performed. Factoring changes all that.
Factoring is not a loan: it is the sale of your medical third party receivables. It is not an asset based loan or a debt facility that banks offer. Unlike bank lines that can tie up all your assets, factoring only encumbers your medical receivables. In ad
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These providers have no ability to change the laws regarding Medicare reimbursements, but they can take matters into their own hands by using their assets more efficiently. Medical receivables funding, or factoring, allows the provider to receive immediate cash for their third party billings. Third party payors are commercial insurance companies, HMO’s, PPO’s, Blue Cross/Blue Shield, Medicare, Medicaid, and state entitlement programs. Ordinarily, the provider must wait anywhere from 30 to 90 days to collect their payments after the service has been performed. Factoring changes all that.
Factoring is not a loan: it is the sale of your medical third party receivables. It is not an asset based loan or a debt facility that banks offer. Unlike bank lines that can tie up all your assets, factoring only encumbers your medical receivables. In ad
With the phenomenal rise of media outlets such as cable TV, online networks, blogs, podcasts, and more, never before has the demand for quality information been higher. From magazine publishers to bloggers, expert opinion is needed to provide valuable content for listeners, readers, and web surfers.As a business owner, you can take what you already know and use it to
Factoring is not a loan: it is the sale of your medical third party receivables. It is not an asset based loan or a debt facility that banks offer. Unlike bank lines that can tie up all your assets, factoring only encumbers your medical receivables. In ad
What makes a customer trust a seller? You don't need to be a marketing guru to understand what creates trust. Just look at your own circle of friends and acquaintances. Who do you trust and why? Who do you not trust and why not?People trust people who do what they say they will do or who sell products which do what they claim to do. A year or so ago, I bought some so
Factoring is not a loan: it is the sale of your medical third party receivables. It is not an asset based loan or a debt facility that banks offer. Unlike bank lines that can tie up all your assets, factoring only encumbers your medical receivables. In addition, it is an off balance sheet transaction. In other words, your balance sheet does not reflect debt as a result of factoring. This can be important in the event the practice is for sale or new partners are being added.
The advantages of factoring medical receivables are numerous:
• It provides a stable and dependable cash flow
• There is no predetermined limit of funding. The amount funded is only limited by the pool of your third party receivables
• No personal guarantees are required
• No collateral other than medical receivables
• Capital is made available for expansion, equipment, or just paying bills on time
Which providers are candidates for factoring?
• MRI Centers
• Home health agencies
• Rehab centers
• Durable equipment suppliers
• Medical labs
• Substance abuse clinics
• Dialysis facilities
• Hospitals
• Physician Groups
• Physical therapy centers
• Outpatient facilities
One of the criticisms of factoring is the cost. However, increased competition has allowed providers to enjoy a lower cost of capital, which makes factoring medical receivables even more attractive.
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