Factoring Will Help Your Medical Staffing Company FinanciallyThe healthcare industry plays an important role in the development of our society. If there is no medical staff working in healthcare services we would all be experiencing all kind of health problems. We should all be thankful at the valuable services these people are providing.
But as it is, medical staffing companies are running into all sorts of financial problems. This is understandable considering that most healthcare professionals are forced to wait for weeks and months to collect their medical insurance claims. It is normal for them to wait one, two, and three and even up to 4 months before they can see the color of their money.
If this goes on and on, it will only be a matter of time before your medical staffing business closes shop. There are utility bills to be paid, office rental, salaries of medical personnel, bills from suppliers and so forth. It will be impossible to expand your business if this recurring financial problem is not completely solved.
Donít Worry, Help Is On the Way
You donít have to think of closing shop. There is a very effective solution to your cash flow problems. If you will seek the help of a factoring company, you will be able to relegate your present financial problems into the backburner.
Factoring companies are financial organizations that are willing to advance the money you need in return for your medical bills or medical insurance claims. They are not really banks, but they will advance the cash that you need in return for certain discounts which usually range from 2.5% to 7%.
Factoring is Better than Going to the Bank
- ē Your request for financial assistance will be approved in a matter of days, not weeks or months. Therefore you will have the cash you need in a relatively short time. Banks will force you to wait for loan approval or for a line of credit for 30 to 90 days.
- ē By selling your invoices, you turn them into cash, not into debt that you have to pay later. A bank loan is actually a debt that you promise to pay in the future.
- ē You will not be required to produce collateral. Your invoices or medical insurance claims actually represent cash, although not yet collected. The factoring company deems them to be more valuable than collateral since they already have them in their hands.
- ē Factoring companies are not in the habit of checking your credit history and credit rating. Since the money you will be given is really not a loan, they donít need to check your credit status.
It will do you good if you will seek the help of a factoring company such as NeeBo Capital. They have the lowest interest rates in the industry, starting only at 0.59%. Their financial arrangements are very flexible, and they donít require monthly minimums. With this factoring company, your facility and your medical staff will no longer experience cash flow problems.
Why Choose Us?
Rates at 0.59% - 1.5% for 30 days
Quick Link to Financial Resources:
|Purchase Order Financing||Accounts Receivable Financing||Asset Based Lending Options|
General Articles about Accounts Receivable Financing and Factoring:
» 08/01/2012 Debt Financing or Off Balance Sheet Financing?
» 09/15/2011 What to know when selecting a Factoring Company