A few years back when Medicare changed its payment protocol from every two weeks to once per month paid in the middle of the following month, the owners of this hospice immediately recognized the potential loss of cash flow and the ultimate threat to their profitable business.
The principals opened a factoring facility in anticipation of this new payment plan and were ready when it was implemented. The finance strategy set up would get the facility on a weekly / daily (as needed) funding cycle and bolster the cash flow required to pay bills and most importantly make payroll. Over a two year period, the company grew and prospered to the extent that a national hospice chain purchased the facility. Although no specifics are currently available about the sale, it stands to reason that the principals of the company sold it at a profit.
Xynergy Healthcare Capital can structure a cash flow solution customized to what you want to accomplish.
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