For those of you who may be unfamiliar with the term ‘medical factoring’ it is a form of accounts receivable financing for healthcare providers. For healthcare providers, medical factoring is one of the three most common forms of funding for their organization.
As a form of commercial factoring, healthcare factoring is specifically designed for the medical industry because of the specialized funding that the healthcare industry requires. Medical accounts receivables are complex because there is a third party payee…the insurance company. In this healthcare payment triangle, most funding is provided by a loan or third party financing. The problem with using this as your working capital is that it adds debt to your balance sheet.
However, Xynergy Healthcare Capital offers a different option. Our debt-free financing is designed exclusively for the healthcare industry. Rather than using your medical receivables as the primary collateral for your lending, we purchase your accounts receivable invoices so the money given is a result of a sale, not from a loan.
By choosing to factor your medical accounts receivables you are generating working capital that will allow your business to grow. Xynergy Healthcare Capital offers customized healthcare accounts receivable factoring programs that can meet your business’ needs. Call 855-358-8258 today to speak with a healthcare factoring specialist about your options.
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