Q. What types of medical providers does Xynergy fund?
A. We specialize in providing funding to growing healthcare providers. Types of medical practices and services that have benefited from medical accounts receivable funding include physician practices, compounding pharmacies, nursing homes, home healthcare companies, rehabs clinics, MRI and imaging centers, laboratories, dialysis centers and others with receivables payable by Medicare, Medicaid, HMOs, and private insurance.
Q. Is Medical Accounts Receivable Funding a loan?
A. No. Medical accounts receivable funding is the sale and purchase of an asset at a discount. You incur no debt on your balance sheet, and the net result of each transaction will be the conversion of your accounts receivable into cash.
Q. What will it cost me to sell my receivables?
A. A small percentage of the net revenue from those claims you sell, to accelerate your cash flow.
Q. How soon will I get funds once I sell my claim?
A. You will usually receive your funding advance within 48 hours following our receipt of your funding file.
Q. Can I fund Medicare/Medicaid claims?
A. Yes.
Q. What if I have bad credit?
A. Your approval for this program is dependent upon the creditworthiness of your payors, not your credit.
Q. What are the advantages of working with Xynergy Healthcare Capital?
• A simple, streamline application and approval process.
• A qualifying audit that serves as a) an x-ray of your practice for development a fiscal treatment plan and b) assist you in:
Increasing your potential to secure a higher cash advance
Validating your internal controls
Assessing and evaluating past and current claim-by-claim net collectible amounts
Identifying areas of lost revenue.
Q. How do I get started?
A. Call Us at (855) 358 8258. We will be happy to answer your questions and send you an application. There is no fee to have us review your application and receive a proposal.
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