Do You Keep On Top of Your Medical Collections?
Many of the greater healthcare factoring companies that fund physician groups, hospitals, clinics and other providers involve at least $100,000 in collectible receivables per month. As the majority in the healthcare industry knows, it will not take long to rack up that level of billings for an average sized provider. But what about the small, one person practice? How can they benefit from the instant infusion of working capital that medical or dental invoice factoring has to offer?
Prime Bay Funding centers on factoring services for the minimum volume medical and dental practices. We will work with those providers that produce collections from third party payers (insurance companies and governmental agencies like Medicare) of at least $30-50,000 per month.
Although each case maybe handled different, but the advance rate is between 70% to 85% of the expected net collectible receivables. The monthly factoring fee will likely be between 2.75% and 3.25%, depending on collections history and length of time in business.
Receive now to you a free, no-obligation medical or dental invoice factoring quote by following this link and fill out this simple client profile form.
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