Transform Your Home Healthcare Receivables into Cash
Accounts receivable factoring is a smart financing solution for Louisiana home care agencies. If you provide home health care to patients in Louisiana and have a difficult time meeting your expenses because of slow payments, home healthcare factoring with PRN Funding is the solution for your Louisiana homecare agency. As new healthcare laws go into full effect, home health agencies may face a longer wait for payment; however, payroll and other expenses will not wait for your cash flow to improve. With home health factoring, you won’t need to worry about the wait!
Factoring Benefits Louisiana Home Healthcare Agencies
PRN Funding helps Louisiana home healthcare agencies providing both short-term and long-term in-home care to older patients, patients with disabilities or in need of rehabilitation, and those with ongoing illnesses. We can close the gap between your expenses and payments from HMOs, Medicare, Medicaid, and other government agencies to staff your home health aides. Home health care factoring is simple: send copies of your open invoices for care provided to PRN, along with timesheets or other supporting documentation. We will verify your invoices and advance you between 70 and 90 percent of their face value and wait to collect from your debtors. When the invoice is closed, we will send you the remaining value minus our fee.
Contact Us to Get Started!
Apply online today or call us @ 216-504-1000
What Could Your Home Healthcare Facility Do With Unlimited Working Capital?
Turn your healthcare receivables into immediate cash that you can use to cover all manner of operating expenses, including:
- Office equipment
- Rent of office space
- Transportation to assignments
- Employer-provided healthcare
We have extensive experience working with the agencies that contract with Louisiana home healthcare providers and can help you navigate the complex payment systems in place. Our assistance with collections, payment verifications, and background checks will free up your time and capital to focus on other areas of your business that need it.
Whether you are just starting up or have worked in Louisiana for years, PRN Funding can get you the working capital you need to succeed. We work with companies in all stages of development, even home health care startups. Bad credit won’t disqualify your Louisiana home care agency, we can approve you with poor or no credit history. Let us give you the peace of mind that comes with a healthy cash flow. Get started with home health care factoring today!