The Xynergy Edge
An innovative program that can give you the infusion of working capital necessary for growth and success.
There are two types of accounts receivable financing utilized by the healthcare industry:
1) Using your medical receivables [and other assets] as collateral to borrow money from banks.
2) Selling your medical receivables to Xynergy HealthCare Capital, a specialized medical accounts receivable finance source.
- Xynergy purchases your receivables rather than lending you the money
- Xynergy turns your receivables into cash within 24 to 48 hours
- Xynergy funds on a claim by claim basis rather than by batching your receivables
- Xynergy’s qualifying audit provides a value added financial x-ray of your organization’s fiscal health
The Audit:
- Validates your internal controls
- Establishes a net collectible valuation of your receivables on a claim by claim, payor by payor basis using your actual reimbursement history
- Provides you with a financial overview that often identifies areas of lost revenue and billing errors
Other financing sources reduce the valuation of your claims by batching your A/R, limiting the credit they are willing to provide They may disqualify that collateral once the aging reaches 90 days, limiting your access to sufficient financing while still requiring a repayment schedule that decreases the amount of working capital available to you.
Xynergy Healthcare Capital has a deep understanding and working knowledge of the healthcare industry, its industry specific regulatory requirements, and cash flow challenges. With our qualifying audit, the valuation we put on your claims will be higher, increasing the amount of funding you are eligible to receive. Additionally, the availability of funding grows with patient volume because we fund on a claim-by-claim basis so you have the flexibility to customize the program to meet your cash flow and working capital requirements.
Xynergy Healthcare Capital:
- Puts a non-performing asset to work for you
- Makes it easy for you to get cash and working capital
- Accelerates your cash flow
- Gets you cash within 24-48 hours of claim submission
- Protects your credit rating by not adding debt to your balance sheet
- Improves your ability to secure additional financing
- Provides a dependable revenue stream not subject to reimbursement delays
- Gives you a predictable cost for your financial planning
- Enables you to generate new revenue streams by quickly responding to market opportunities
- Enables you to realize cost savings from vendor discounts and other operational improvements
You get the advantages:
- Improve your fiscal condition when you have had limited access to financing because of operational performance or market conditions
- Enhance your financial flexibility by working in conjunction with the financial tools you already have in place
- Increase your access to working capital when planning short-term and long- term financial strategies
- Customize the program to meet your needs
- Determine how much funding you need
- Determine when you need it
- Determine how to best use our funding to improve your organization’s growth and profitability
- All this without any interruption to your normal operations!
Who benefits?
Healthcare organizations including specialty clinics and centers, specialty service providers, Pharmacies, medical transport and other healthcare distributors and suppliers, and some workers’ comp providers. With reimbursements falling, expenses rising, and payments lagging, healthcare providers can use their Accounts Receivable to support their short-term and long-term financial strategies. Whether in growth mode or fiscal stress, Xynergy Healthcare’s program is a proven successful tool.