Why Medical Accounts Receivable Funding is Better than Bank Lending

With medical accounts receivable funding, clients receive their cash within 28 to 48 hours with no funding ceiling that will limit their growth.  There is a simple application process and fast approvals with processing based on the creditworthiness of their third-party payors (not the healthcare providers credit). In comparison, a bank lending process can be a complex headache.

Banks have complicated processes and fee structures for initial loans and credit lines that can delay needed cash infusion as a healthcare business requires more funding. Banks generally lend only a specific amount of money, and often healthcare business reach their limit more rapidly than they anticipate.  In addition, a provider has to begin paying a loan back immediately (whether they use the money or not), and the debt simultaneously becomes part of their balance sheet. This only perpetuates the financial problem.

Accounts receivable funding is a $250 billion plus financial industry that provides cash flow infusion to a wide variety of business of all sizes, including Fortune 500 companies.  Medical accounts receivable funding is accounts receivable funding customized for healthcare providers.

Xynergy Healthcare Capital is a nationwide financial services that specializes solely in providing customized, innovative, and flexible accounts receivable funding programs exclusively for the healthcare industry. 

Because we are a funding entity, not a lender such a bank, our programs are designed to provide growing healthcare providers with debt-free working capital by unleashing the power of their largest single asset –medical accounts receivable- and making it work for them.

Healthcare providers can qualify for Xynergy Healthcare services if they provide medically-related services, equipment, or supplies and are reimbursed by a third party payor (commercial insurance companies such a Blue Cross-Blue Shield, Cigna, etc), HMOs, Medicare, and Medicaid.

Those poised to benefit most include:

Acute Care Hospitals

LTAC Hospitals

Home Healthcare Providers

Medical Labs

Physicians and Physician Groups

Nursing Homes

Transportation Providers

DME/HME Providers

Ambulatory Surgical Centers