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Maryland Home Healthcare Factoring

Turn Your Medical Receivables into Fast Working Capital

Are you waiting as long as 120 days for payment of your home healthcare receivables? Maryland home healthcare factoring with PRN Funding can turn those invoices into cash you can use to grow your homecare facility. Home health care factoring is an alternative funding option for agencies stuck trying to make ends meet while their customers extend payments well beyond their due date. With new healthcare laws going into effect, it is more important than ever that home healthcare agencies have working capital to close the gap between money going out and money coming in. imply send your invoices for home healthcare provided, along with backup paperwork, to PRN Funding. We will verify and fund your invoices within 24 hours of receipt and advance you between 70 and 90 percent of the face value. When we receive payment, we will send you the remaining amount minus a nominal factoring fee.

How the Process Works

  1. First, there is a short application and approval process–it generally takes 3-5 business days to get set up
  2. Once approved, you can begin submitting invoices! Submit the invoices you’d like to factor to PRN Funding for verification
  3. After verifying, PRN Funding will advance you up to 90% of the total invoice amount within 24 hours
  4. Continue work and billing as usual while PRN waits to collect from your client
  5. When paid in full, PRN will send you the remaining balance, minus a small fee for factoring
Want to Learn More?

Contact us today at 216-504-1000 or complete the form below.

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PRN Funding can help! Call us today @ 216-504-1000

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