Having to wait up to 90 days to get paid by insurance companies, HMOs and Medicare/Medicaid can be very challenging for healthcare professionals & medical equipment providers. If you need flexible financing that grows with your practice or business, medical factoring can help.

Medical invoice factoring can get your insurance claims paid in as little as 2 days, providing your business with funds to pay employees, suppliers and rent.

What can medical factoring do for your business?

The biggest benefit from factoring your medical receivables is that your cash flow will become predictable. As opposed to waiting 30 to 90 days hoping your medical claims will be paid soon - factoring gets them paid - with certainty - in 24 to 48 hours. This allows you to better manage your business and meet your obligations.

Another benefit of medical factoring is that it grows with your business. As opposed to lines of credit that have fixed limits, medical receivables factoring has not limits per se. You can finance as many claims as you can generate.

How does medical factoring work?

Medical factoring is simple to set up and implement. The most important consideration to consider is that the factoring financing line is based on your net collectables rather than your gross collectables. Net collectables are the amount that the insurance company actually pays for the claims. Medical receivables factoring works as follows:

You submit your claims to insurance companies, HMO’s and Medicare/Medicaid

You submit copies of the claims to the medical factoring company

We advance you up to 85% of the net collectibles (a reserve of 15% is not advanced to offset discrepancies)

You get immediate funds while we wait for the claims to get paid

Once the claims are paid, the transaction is settled and we rebate any remaining reserves

For more information contact:

Jon Levine
Skada Capital LLC.
7130 Minstrel Way, Suite L200
Columbia, MD 21045
www.skadacapital.com
jlevine@skadacapital.com
Office: (301) 466-1960