Medical Receivable Factoring: Financing Medical Receivables
Whether you are a healthcare professional or a medical equipment provider, we can help you. We understand the complex billing and processing protocols of the medical industry and leverage this knowledge and experience to provide solutions to help you solve your challenges and focus on growing your healthcare business.
Why medical factoring?
Waiting 60 to 90 days to get paid by Medicare, Medicaid or other private insurance companies is simply not an option for many healthcare professionals.
Medical factoring can provide you with payment on your insurance claims in as little as 24 hours. Our flexible financing provides you with the cash flow needed to make payroll, pay your suppliers and cover other fundamental business expenses.
Is medical receivable factoring right for me?
Most of our medical receivables factoring customers fall into one or more of the following situations:
- medical practices with unique expansion opportunities that require considerable capital
- start-up healthcare practices with no established financial relationships
- medical equipment companies with bigger customers that demand more aggressive credit terms
- medical equipment suppliers with seasonal or cyclical sales patterns
- healthcare professionals with past credit problems
- rapidly expanding companies with uneven earnings and sales histories
- medical practices experiencing cash flow shortages due to slow receivables turnover
It is not uncommon for medical and healthcare companies to face cash challenges during times of growth. At GrowCo, we have many medical factoring financing resources and several combined years of experience with traditional invoice factoring and the healthcare industry in general. We are specialists in helping companies just like yours with their cash flow needs. If you need cash to purchase medical supplies, meet payroll, or for any other reason, we can help.
Whatever your niche in the medical field, we can help you meet your obligations on time, every time.
Give us a call at (877) 267-0500 or complete our quick application above.
Benefits of Factoring with GrowCo:
- Rates as low as 2%
- Funds deposited into your account within hours
- No long-term contracts
- No minimum volumes or minimum fees
- Factor only when you want
- Factor only the invoices you want
- Flexible and creative financing programs other than factoring
- Super fast approval
- No application fees
No Financials Needed. No Application Fees. Creative Financing for Any Industry. Rates as Low as 2%.
Call us 24 Hours a Day, 7 Days a Week: (877) 267-0500.