Medical Invoice Factoring
Medical factoring helps companies that bill private insurance companies, Medicare, or Medicaid, and have cash flow problems due to slow payments.
Medical factoring is a type of financing commonly used by healthcare providers and medical professionals of all specialties.
Healthcare invoice factoring is beneficial for both vendors and providers as these types of businesses have a reputation for working with creditworthy but slow-paying customers.
In non-recourse arrangements, the risk of non-payment falls on the factor. If the account debtor does not pay the invoice, the factor has no right to recover the advance from the seller. The factor takes the loss. In Medical Factoring, non-recourse agreements are most common.
Medical Receivables Factoring/Medical Accounts Receivable Financing The healthcare industry has two types of companies that benefit from medical factoring. One provides services or sells goods to the medical industry, such as nurse staffing or medical billing services. Then there is the other which is a provider that bills third-party medical insurance companies. Both types […]
What Is Medical Invoice Factoring And How Does It Work? Read More »
