ASF Capital Funding is committed to delivering cash flow solutions to the medical community. Changes in legislation and methods of reimbursement, and the impact of managed care have prompted an increase in financial difficulties in the healthcare industry.

Cumbersome and bureaucratic third party billing systems with long time-to-collection waiting periods have resulted in the inconsistent cash flows and limited capital for growth. Nationwide, two-thirds of physicians work in practices that are set up as small business. Payment cuts of 18% over four years together with soaring malpractice premiums and other overhead costs, have threatened to put such practices out of business. More than 50% of doctors have deferred plans to purchase much-need new equipment, and 30% either have laid off staff or are planning layoffs in the near future.

Why not simply pick up the phone and call a bank for a loan to get through the crisis? Many of you already tried that and have been surprised to find that the average practice may not have sufficient credit and assets with which to secure adequate working capital. Additionally, the traditional banking loan application and approval process is long and involved. Debt is created for the practice to repay and personal guarantees are required. The practice becomes less desirable for resale or acquisition.

Surveys of physicians have identified the following immediate needs:

1.    The creation of solid dependable cash flow

2.    Decrease in the reimbursement interval between the time service is provided and payment is received

3.    Increase in the overall percentage of claims collected

4.    Reduction in administrative costs

5.    Ready availability of cash for new equipment, expansion of office space, the addition of new partners, and practice marketing

This "wish list" would be complete if access to this working capital could be created debt-free. The physician practice would then have financial freedom to focus on business growth and patient satisfaction, instead of focusing on how to meet the next payroll or malpractice premium payment. Is such a solution possible? Fortunately, the answer is YES!

Who can benefit from Medical Receivable Funding?

Health Care Professionals with an immediate need for cash for his/her billings to third party payors would benefit from funding; including providers of medical related services where commercial insurance companies or government insurers are the debtors - such as:

Primary Care Physicians, and M.D. specialists in all related fields:

Associated physician groups

Medical Centers

Out-patient Clinics

Physical Therapy Facilities

Dialysis Centers

Medical Laboratories

Home Health Care Agencies

MRI and other Diagnostic Radiology Centers

Medical Equipment Companies

Urgent Care Centers Pharmacies

Hospice providers

Rehabilitation Facilities