Better Business Funding: Easy to Obtain, Easy to Grow
Flexible and simple payroll funding for home health care agencies. We make it easy to obtain the working capital necessary to grow your business. Home health care payroll funding is an ideal solution to your home healthcare agency’s cash flow issues. Whether you wait on slow payments or need new working capital to expand, if you provide non-medical home care then you can benefit from a flexible home health care payroll factoring program.
You can use home healthcare payroll funding to cover your agency’s operating costs for a variety of in-home services to assist patients with their short- or long-term needs:
- People with temporary or permanent disabilities
- Patients with chronic illnesses
- Elderly patients
- People rehabilitating from a procedure or illness
Instead of hinging your ability to make payroll and overhead costs on other agencies’ payment schedules, begin home healthcare payroll funding and receive immediate cash for your unpaid invoices and claims. When you submit invoices for completed service shifts, PRN Funding will verify them and advance you a percentage of the invoice amount within 24 hours; then, when we collect from your customers we will send you the remaining amount minus a small factoring fee.
Beginning Home Healthcare Payroll Funding is Easy!
PRN Funding has over a decade of experience in the healthcare industry. Let us do the work for you @ 216-504-1000
Is Home Healthcare Payroll Funding an Option for You?
Unlike a business loan, home healthcare payroll financing is available to a wider range of companies that meet far different criteria. If any or all of the below circumstances apply to your home healthcare agency, PRN Funding can help:
- Your home care agency is just starting up or is too small to qualify for credit
- Your agency has little or no business credit
- You have been turned down for a bank loan
- Your home health care invoices can be assigned to a third party
- Your agency is established but you need more working capital to grow
Because we collect from your customers directly, you can qualify for a home healthcare payroll funding program with less than perfect credit or a history of financial difficulty. Once you are approved, you can choose which receivables to finance and how often in order to control your funding costs. In addition, we will work with you to handle invoice management and collections, as well as credit verification for your potential customers – two critical, but often expensive, administrative functions.