Medical Accounts Receivable
Medical receivable financing, also known as Medical Factoring, is a means by which the healthcare provider is granted an asset based credit line that is based on the net realized value for his/her billings to third-party payors (i.e. commercial insurance companies, HMO’s, Blue Cross-Blue Shield, Medicare and Medicaid).
The long delay between the time you perform a medical service and the time you are ultimately paid, coupled with a bureaucratic and very cumbersome third-party billing structure may result in diminished business cash flow. Our mission is to provide capital to a nationwide network of healthcare providers including, but not limited to sole practice physicians, group practice physicians, nursing homes, hospitals, home healthcare companies, rehabilitation and physical therapy companies, durable medical equipment providers, MRI and radiology centers, ambulance service providers and laboratories. While many industries are very familiar with the use of accounts receivable financing to improve the consistency of their cash flow and increase their bottom line, the overwhelming majority of health care providers have never heard about this service, and do not realize what Accounts Receivable Financing can do for them.
- Too new to obtain bank financing (under 3 years old)
- Needs accounts receivable financing for payroll
- Needs expansion and/or working capital
- Needs acquisition financing
- Growth strategies, including new facilities
- Restructurings, DIP and post-bankruptcy financing
To become a client of Crossroads Capital, Contact us today and get started! We will provide the application and short list of items for speedy launch.
Crossroads will appoint a Business Development Representative to provide training, ongoing support to you and your staff; just a phone call/email away.