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Where Cash Flow Makes A World of A Difference

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MEDICAL RECEIVABLES FUNDING

 

GLOBAL FUNDING RESOURCE specializes in medical funding services. Just go to the heading of interest to find out how we can assist your business in this area or who can benefit from our services.

 

  • MEDICAL RECEIVABLES  
  • WHO CAN BENEFIT FROM THESE SERVICES?

 

MEDICAL RECEIVABLES

 

Health Care Providers 

 

Medical Manufacturing Companies

 

Consider selling payments owed to your company by:

 

 

  • Private Insurance Companies
  • Health Management Organizations (HMOs)
  • Preferred Provider Organizations (PPOs)
  • Medicare and Medicaid

 

 Medical Service Providers and Medical Manufacturers to:

 

 Create a solid, dependable cash flow

 

A solid, dependable cash flow can be used to cover overhead costs, payroll taxes, or increase growth.  After setting up a receivables account, the business will receive cash advances on an as needed basis.

 

The provider no longer has to wait extended periods of time for

insurance companies or the government to pay.

 

Receive assistance with credit checks, collections and accounts receivable management

 

Some funding sources also offer collections assistance and tracking services. Providers can cut overhead expenses by using the funding sources resources for credit checking, collections, and accounts receivable management.  Thus, the provider's staff can focus on customer service and business growth.

 

Improve your company's credit rating by paying promptly

 

With an improved cash flow, providers are able to pay off creditors on time, and thus are able to take advantage of prompt payment and volume discounts!

 

Improve your company's balance sheet

 

Selling your company's accounts receivables is an off balance sheet transaction.  Therefore, cash advances received are not considered a liability or loan, but show up as cash on the balance sheet.  If the owner/provider would want to sell the business, this can make the business considerably more attractive to a potential buyer.

 

Offer your customers better credit terms

 

Health care providers do not have to require immediate payment from their customers, but can extend credit.  

 

 

INCREASE YOUR SALES EXPONENTIALLY!

Here is an example of how it could work for your business: 

Medical Equipment Company is a dealer for medical equipment that sells their products to consumers, but is reimbursed by insurance companies and government agencies.  They began to sell their accounts receivables---$360,000 per month with the funding source advancing $180,000. 

With the cash flow received from the funding source, the company was able to take advantage of significant early payment discounts as offered by manufacturers of medical equipment.  Medical Equipment Co. was able to keep their prices the same (remain competitive), and thereby increasing their profit margin. 

Medical Equipment Company was also able to increase the amount of inventory and take advantage of volume price cuts.  These savings allowed Medical Equipment Company to increase it sales!  The result was an increase in net receivables from $360,000 to $600,000 a month. 

Due to its increase in sales volume, Medical Equipment Company was able to open two new facilities which now sell $2Million in net receivables every month.
 

 MORE BENEFITS TO SELLING YOUR RECEIVABLES: 

  • Increase your cash flow and working capital
  • Eliminate using equipment, real estate or inventory for collateral
  • Not depend on bank loan which may be costly or not available if you have insufficient hard assets
  • Only sell those receivables necessary to cover the money you need
  • Receive a continuous cash flow without having periodic payment or interim payoffs
  • Rely on the strength of your customers, not your company's strength to obtain cash
  • Increase your purchasing power, enabling you to do more business
  • Maintain control of accounts receivables or hand it over to the funding source to maintain at a comparable cost; could save on your in-house staff costs
  • Avoid periodic delays and negotiations as experienced when obtaining a loan
  • Start any time you need the service  

Your company can also take advantage of discount terms for

promptly making payments and buying in volume! 

Give us a call today!

Click Here  

_____________________________________________________________

 

WHO CAN BENEFIT FROM THESE SERVICES? 

 

If your type of service or business is not listed below

we will do our best to meet your financial needs!

Call us today!

 

Physician Practices              Out Patient Facilities                 Psychiatrists

Step-Down Programs           Rehabilitation Facilities            MRI Facilities

Doctor Groups                       Specialists                                   Laboratories

Dialysis Facilities                  Optometrists                                 Podiatrists

New Interns                             Hospitals

 

Home Health Care Providers

Primary Care Clinics, Physicians

Therapists (Mental, Health, Physical, Occupational)            

Clinics Mental Health Outpatient Facilities                            

Drug Abuse Facilities 

Equipment Suppliers             

Pharmaceutical Suppliers     

Medical Payroll Services        

Medical Staffing Companies  

Merger and Acquisitions

Accounting Firms with Health Care Departments

Attorney Firms with Health Care Departments                     

 

Whatever Your Business Needs

·        Managing Receivables

·        Increasing Revenues/Improving Cash Collection

·        Insuring Maximum Cost Efficiency

 

Ensure They Are Addressed with

Efficiency and A Sound Medical Business Understanding.

 

COMPARE OUR SERVICES AND TERMS 

       Give us a call for a "FREE" no obligation consultation!

al FGunding Resources

     
GLOBAL FUNDING RESOURCE      
     

      Phone:  847-827-7209

      Fax:       847-827-7309

      Website:    www.globalfundingresource.com

      E-Mail:       info@globalfundingresource.com

Meeting the financial needs of the medical community

Member of the American Cash Flow Association

 


HOME     |    ABOUT GFR     |    MISSION STATEMENT     |    AR FUNDING     |    V.I.P. VENDOR INSTA-PAY     |    PURCHASE ORDERS     |    ASSET-BASED LENDING (ABL)     |    MEDICAL RECEIVABLES     |    WHAT ABOUT MY CUSTOMERS ?     |    OBJECTIONS TO FACTORING     |    BANK RATES VS FACTORING     |    GOVERNMENT VENDORS TAB     |    BUSINESS NOTES     |    PRIVATE MORTGAGE NOTES     |    WHY USE GFR     |    HISTORY     |    GLOSSARY     |    F A Q     |    CONTACT US