Turn Outstanding Healthcare Invoices Into Cash in 24-48 Hours

Medical receivables factoring is a funding solution that helps businesses turn unpaid healthcare invoices into immediate cash. This service is designed for healthcare providers and vendors that regularly bill insurance companies, Medicare, Medicaid, or medical facilities, but wait weeks or months to get paid. By converting receivables into working capital, companies can cover payroll, open new locations, and continue serving patients without financial disruption. For healthcare organizations facing slow payments, medical receivables factoring provides fast, flexible funding to keep operations running smoothly and support long-term growth.

Medical accounts receivable factoring provides healthcare businesses with immediate access to working capital, helping eliminate cash flow gaps caused by slow-paying customers.

If slow payers are hurting your growth, we can help you get paid with customized medical receivables factoring services. 

How Does Medical Receivables Factoring Work?

Factoring healthcare receivables is simple: 

• A healthcare vendor sends invoices to a medical provider or a third-party for services rendered or goods provided. 

• The healthcare vendor then submits a copy of those invoices with any supporting documentation (i.e. signed timesheets) to a company that buys accounts receivables. 

• The factoring company purchases those invoices and advances 80-90% of their face value to the healthcare vendor. Funds are typically deposited directly into the vendor’s bank account within 24-48 hours. 

• The factoring company keeps the remaining 10-20% (reserve) as a buffer in case any invoices do not get paid or there are billing errors. 

• The reserve, less the factoring fee, is then released back to the vendor upon receipt of payments from the medical providers.