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Medical Receivable Financing
In the medical industry, receiving payment can take anywhere from
60 to 120 days, whether the funds are coming from individuals,
private insurance companies, HMO’s or PPO’s or other government
sources.
These delays in receiving payment place a tremendous burden on
physicians and other health care providers in maintaining sufficient
cash flow to keep their healthcare business functioning.
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Typically,
lines of credit are arranged through banks to provide a means for
keeping the business operating while waiting to receive payments.
Many times a bank line of credit is used up and there is no other
way to obtain additional funding. Thomson Capital Group's funding
sources fund medical receivables large or small nationwide.
Whether you are an individual practitioner or a full-size
medical facility or hospital, receiving up to 85% of your funds
within 24 to 48 hours vs. the traditional 120 day payment timeframe
will increase your productivity and profitability. |
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Your patients can't wait 90 days for treatment... neither can
your healthcare business. |
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Benefits of Healthcare Receivable Financing
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Avoid additional
borrowing
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Improves cash
flow
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Expand your
healthcare business
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Pay medical
insurance premiums
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Enables you to
meet payroll
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Enables you to
hire additional staff or purchase equipment
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Enables you to
pay past due debt
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Healthcare Receivable Financing enables you to direct your
efforts to practicing better medicine rather than worrying about
cash flow problems!
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