Getting started:
Our application process is very straightforward, quick and efficient. It begins with a conference call with a senior business development executive who can establish your basic qualifications and determine your initial eligibility, and who will guide you as the application process and funding moves forward. Because our program is customized to fit your needs, our team of healthcare funding professionals is always available for one-on-one assistance with you and your financial advisers throughout the process
Step by Step:
Initial Account Setup
You submit the Xynergy Medical Accounts Receivable Finance Application with basic supporting documents required (as listed in the Application)
Xynergy reviews the application and the documents to determine if you meet our initial underwriting requirements.
Xynergy sends you a Term Sheet with all the proposed conditions for your approval.
Your account is opened upon receipt of the signed Term Sheet.
Providing Funding
You generate a claim and bill your third party payor as usual, with no changes or interruptions to your normal operations.
You submit a copy of the claim to Xynergy.
Xynergy will verify the claim, determine the net collectible amount and advance you funds – usually within 24-48 hours of submission to Xynergy.
Upon receipt of payment of claim from payor, Xynergy remits to you the balance of funds due you.
Xynergy does not do your billing. Your internal operations remain the same. Most of the required documents should be available from your in-house systems or those of your billing company.
To speak with a Xynergy Healthcare Capital professional, call us at (855) 358-8258 or apply Here
