| Medical supply companies in general are very | | | | paid, with medical factoring you can get paid in a |
| profitable enterprises. However, most medical | | | | few days. This frees up significant cash, allowing |
| supply companies operate on a very tight cash | | | | you to finance operations, and more importantly, |
| flow. Unfortunately, the challenging billing | | | | to buy supplies and fuel new sales.As opposed to |
| procedures and slow payment cycles of insurance | | | | bank financing, where the bank lends you money, |
| companies, HMOs and Medicare/Medicaid create a | | | | the factoring company buys your invoices and |
| situation where many companies wait 30 to 60 | | | | pays you immediately for them. The process is |
| days before getting paid.Cash flow can get even | | | | fairly straightforward. But more importantly, this |
| tighter if the company's sales grow, or if the | | | | also means that you are free from the traditional |
| owners decide to open new locations. When this | | | | bank lending requirements. Medical receivables |
| happens, most company owners try to obtain | | | | factoring is easier to qualify for, and often, the |
| bank financing through a loan or line of credit. | | | | owners' personal credit is not a |
| However, qualifying for bank financing is incredibly | | | | consideration.Factoring your medical receivables |
| challenging as they will only lend money to a | | | | can be an ideal solution for your medical supply |
| business that shows profits for three straight | | | | company if your main challenge is that you cannot |
| years and can provide audited financials.There is a | | | | afford to wait up to 60 days to get paid by |
| financing alternative in the healthcare industry that | | | | insurance companies. If that is the case, medical |
| has been used with success with medical supply | | | | factoring should provide you with the working |
| companies. This solution provides you with quick | | | | capital you need to operate and grow your |
| financing based exclusively on your sales. | | | | business.About Invoice Factoring GroupWe can |
| Furthermore, since financing is tied to sales, the | | | | provide you with a free medical factoring, medical |
| line of financing grows as your sales grow. The | | | | receivables factoring or invoice factoring quote for |
| solution is to factor your medical insurance claims | | | | your healthcare company. Marco Terry, the |
| using medical receivables factoring.Medical factoring | | | | president, can be reached at 1 866 730 |
| provides you with immediate financing based on | | | | 1922.Copyright (c) 2006 - Commercial Capital LLC. |
| your slow paying insurance and Medicare/Medicaid | | | | Article may only be reprinted if it is not modified |
| claims. Rather than waiting 30 to 60 days to get | | | | and all links are kept live. |