Top Reasons you should consider Accounts Receivable Factoring as a Medical Provider

by on 06/14/11 at 4:28 pm

Top Reasons you should consider Accounts Receivable Factoring as a Medical Provider

Save time and energy focusing on healing your clients and growing your business. Allow a reputable financing company to take care of your cash flow issues and help you establish systems to successfully manage your cash flows independently within 6-12 months.

Receive money within 24-72 hours of date of bill. You no longer have to wait 30/90 days or even longer to receive payment.

Maintain complete control of your business, unlike cash advance companies, factoring does not require you to have automatic deposits taken from your bank account.

Remove or lessen the business costs associated with the collection process. Good medical financing companies have experienced in house billing and collection agencies that can lower your costs and remove another thing you need to worry about from your process. This allows you to focus on growing your business.

Gain a greater control over your cash flow by deciding exactly how many invoices to sell and when.

Win the battle against slow-paying clients.

Meet your payroll.

Pay your payroll taxes.

Increase your purchasing power, allowing you to enjoy bulk purchasing discounts or early payment discounts.

Improve your credit rating as you continually
have the cash on hand to pay bills on time.

Provide cash for your expansion.

Provide cash for your marketing.

Improve your financial statement.

It provides you with complete and detailed reports about your accounts receivable portfolio

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