Healthcare Factoring Process

Fast, Simple and Built for You

You’ve done the work, provided the care, and sent the invoices. Now, with PRN Funding’s healthcare factoring process, you can decide when you get paid, not your customers’ accounts payable department.

Here’s how medical invoice factoring works:

1. Serve your customers as usual: Provide your healthcare services or deliver your products to your clients. 
2. Submit the invoices you want to factor: After services are complete, submit the invoices of your choice to PRN Funding for factoring. You decide which invoices to factor and when. 
3. We verify and notify customers.: PRN Funding verifies your invoices and notifies your customers to send the payment directly to our secure lockbox account. 
4. Get your cash advance: We advance up to 90% of the invoice amount securely via ACH transfer within 24–48 hours. The rest is held in reserve until payment is received. 
5. Your customers pay PRN Funding: Payments go straight to us, making the process simple and hassle-free for you. 
6. We release your reserve. Once PRN Funding receives payment, we send you the remaining balance via ACH transfer minus a small fee for our factoring services.