The short answer? Yes, payroll funding is a smart move for nurse staffing firms that must pay clinicians weekly while waiting 30–60 days for client payments.
It ensures stability, enables growth, and protects your agency from payroll disruptions.
What You Get With Payroll Funding
- Funding matched to your payroll cycle
- 80–90% invoice advances
- Integrated payroll support
- A/R verification
- VMS portal assistance
Benefits
1. Guaranteed Payroll Reliability
High-stakes benefit: nurses must be paid on time.
2. Faster Growth
Add new clinicians without cash flow strain.
3. Better Client Relationships
You’ll never decline shifts due to payroll limits.
Risk and Considerations
- Fees are slightly higher than traditional loans
- Requires submission of accurate timesheets
- Dependent on client payment timeliness
ROI Example
Hiring 10 more nurses
- Weekly payroll: $25,000
- New revenue: $40,000
- Payroll funding cost: ~$600–$800
ROI: Massive net positive margin gain.
Best Fits
- Fast-growing nurse staffing firms
- Agencies adding new facility contracts
- Firms using VMS portals
- Agencies without large cash reserves
Final Verdict
Payroll funding is a high-ROI tool for nurse staffing agencies facing rapid growth and slow-paying facilities. It ensures payroll never becomes a barrier to expansion.
Speak with PRN Funding to set up payroll funding for your nurse staffing firm.
