Medical Factoring - get claims paid in as little as 2 days!
How our medical lending program works:
- 1. You submit your claims to insurance companies, HMO�s and Medicare/Medicaid
- 2. You submit copies of the claims to us (the medical factoring company)
- 3. We advance you up to 85% of your net collectibles (a reserve of 15% is held)
- 4. You get immediate funds while we wait for the claims to get paid
- 5. Once the claims are paid, the transaction is settled and we pay you reserves minus a small fee: rates range from 1.5% - 2.5% per month
Financing for Medical ProvidersNeeBo Capital�s Funding Program offers healthcare providers a receivable based line of credit that is based on the net realized value for your billings to third-party payors (For Example: HMO�s, commercial insurance providers, Blue Cross-Blue Shield, Medicaid & Medicare). For medical providers that have accounts receivable with a net realized value of $500,000 or less, we offer our medical factoring program that is a funding program that purchases your billings at a discount.
**Clients that exceed $500,000 in accounts receivable may qualify for our asset based receivable financing program
Why medical factoring worksHaving 85% of your receivables as cash in hand is good for any growing business. The greatest benefit from factoring your medical receivables is that your cashflow will become predictable.
Compared to waiting 30 to Ninety days hoping your medical claims are going to be paid soon, factoring gets them paid within 24 to 48 hours. This enables you to better manage your business and meet your obligations.
Another benefit of the program is that it grows along with your business. In contrast to bank lines or lines of credit that have fixed limits, medical receivables factoring has no limits really. You can finance as many claims as you can generate provided they meet the financing criteria.
Why Choose Us?
Medical Factoring Rates at 1.5% - 2% for 30 days
Quick Link to Financial Resources:
|Purchase Order Financing||Accounts Receivable Financing||Asset Based Lending Options|
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