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Medical
Invoice
Factoring
The
current
state of
our
economy
coupled
with cuts
in
Medicare
reimbursements
have put
many
health
care
providers
in a cash
flow
squeeze.
The
problem is
compounded
even
further
when
third-party
payers
don't pay
their
bills for
30, 60, or
even 90
days and
beyond.
That's why
RevenueMD’s
medical
invoice
factoring
program
should be
an
important
part of
your
financial
strategy
in 2009.
RevenueMD
speeds up
your cash
flow by
advancing
up to 85%
of your
third-party
billings
in cash,
wired
directly
to your
bank
account.
Once the
collections
are made,
the
remaining
amount
(less the
factoring
fee) is
sent to
you.
RevenueMD
Features
and
benefits:
-
Immediately
stabilize
your
cash
flow
position
-
Receive
high
advance
rates
on
your
receivables
-
Fee
rates
starting
as
low
as
2.0%
per
month
(depending
on
volume
and
other
variables
-
Stay
current
on
rent,
payroll
and
other
monthly
expenses
-
No
monthly
debt
service
because
it is
not a
loan
-
Off
balance
sheet
transaction,
so
you
can
receive
other
financing
concurrently
-
No
personal
guarantees
required
-
Funding
is
only
limited
to
your
pool
of
receivables
-
You
choose
the
amount
of
receivables
you
wish
to
fund
Who
qualifies
for the
program?
-
Hospitals
-
Physician
groups
-
Clinics
-
Rehab
facilities
-
Imaging
centers
-
Medical
staffing
companies
-
Ambulance
companies
Funding
Parameters:
Minimum
$40,000
per month
in net
collectible
receivables
Maximum
$5,000,000
per month
in net
collectible
receivables
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