Healthcare Payroll Funding

How Does Payroll Funding Work for Healthcare Staffing Companies?

Submit your invoices for completed shifts, along with time sheets or other verification, to PRN Funding. We will review your invoices for accuracy and advance you a percentage of their value within 24 hours. We will then work with your customers to collect payment directly while you continue doing what you do best – providing staffand reaching out to potential new customers.

When PRN Funding collects payment, you will receive the remainder of your invoice value minus a small factoring fee.

Want to know more about healthcare staffing payroll funding? Use our step-by-step guide to see how PRN Funding can assist your healthcare staffing agency.

What Kind of Invoices Qualify for Factoring?

To qualify for PRN Funding’s staffing payroll funding program, the following conditions must apply to your invoices.

Work must be completed. Invoices that are pre-billing shifts are not eligible for payroll financing.

Billed amounts must be accurate. Shift lengths and billing amounts must match supporting documents and hold up to verification from the customer. This also applies to payouts for hired-in healthcare staff.

Your customers must be approved. PRN Funding works with staffing companies that are billing healthcare facilities and certain state agencies for their services. Because we collect directly from your customers, we conduct credit and background checks to verify each facility’s creditworthiness before approving their account for funding.