Receive the Funding You Need to Grow Your Healthcare Agency Today
Invoice factoring for healthcare staffing agencies is the perfect funding solution for those that have slow paying customers and need to boost their working capital. Rather than waiting up to 60 days for payments, factor your healthcare staffing invoices for immediate cash. Factoring your unpaid invoices is a debt free financing method so unlike other lending sources, you don’t have to worry about racking up additional debt. You can even use the extra money from factoring to pay down any existing debt you may have. Invoice factoring has many benefits, some including:
- Immediate cash advances
- High advance rates
- Low fees
- High approval rates
- Simple application process
- No long term contracts
- Startups welcome
We work with all types of healthcare staffing firms, including:
- Nurse staffing
- Allied health staffing
- Behavioral health staffing
- Medical staffing startups
How Does Invoice Factoring For Healthcare Agencies Work?
The healthcare staffing factoring process is quick, easy and gets your agency the funding you need within 24 hours. Here’s how the process works:
- Serve your customers as usual.
- After your service has been completed, submit the invoices you wish to factor to PRN Funding.
- PRN Funding will verify the invoices and notify your customers to send the payment directly to us.
- PRN Funding will then advance the cash to your company, usually between 80 and 90 percent of the original invoice amount. The remaining percentage is held in a reserve account until the payment is received from your customers.
- Your customers make their payments to PRN Funding.
- Once we receive the payments, we will release the reserve amount minus a small factoring fee.
PRN Funding’s Healthcare Staffing Services Provides:
Flexible Healthcare Staffing Funding Choices
Factoring is flexible! As a healthcare staffing agency, you have the freedom to factor when you want, how you want and for however long you want. PRN Funding does not require any minimum or maximum invoice amounts when factoring. We also do not require healthcare staffing agencies to sign any long term contracts.
Healthcare Staffing Industry Expertise
When factoring with PRN Funding, you will be paired with an account manager who has years of experience within the healthcare factoring industry. We have designed our healthcare staffing financing program to meet the unique challenges faced by those who staff hospitals, doctor’s offices and nursing homes. If you are facing a problem we haven’t mentioned, give us a call and we can tailor a plan to meet your specific needs.
PRN Funding can get you the money you need within hours of verification.