Get Paid Faster. Grow Your Ohio Homecare Agency with Confidence.

Grow your business and serve your patients without being held back by slow-paying clients. With help from PRN Funding’s Ohio homecare factoring program, you can have access to working capital for greater financial security. Homecare factoring is a business-friendly alternative to traditional factoring.

When you sell your outstanding invoices to PRN Funding, you will obtain near-immediate cash. Now you can meet your everyday expenses, make payroll and keep up with operating costs.

Have confidence to take on new patients and agencies with financial security from factoring. The homecare factoring process is easy, and you can factor as often as needed to maintain a steady flow of working capital.

What is Homecare Factoring?

Homecare factoring is a financing solution that helps Ohio homecare agencies improve cash flow by selling outstanding receivables instead of waiting for client payments.

Rather than taking on additional debt through a traditional business loan, PRN Funding purchases your eligible invoices and advances most of the invoice value immediately. Once your client pays, the transaction is completed.

Factoring provides reliable working capital that can be used for:

Payroll
Hiring caregivers
Recruiting nurses
Marketing
Insurance premiums
Operating expenses
Business expansion

Whether your agency serves Medicaid patients, private insurance clients, hospitals, or healthcare organizations, factoring helps you maintain healthy cash flow while focusing on patient care.

See How PRN Can Help

Ohio Homecare Debtors PRN Funding Works With

PRN Funding understands Ohio’s reimbursement system and works with agencies billing many of the state’s leading government programs and managed care organizations.

We regularly purchase receivables from agencies billing:

Passport Waiver Program
Ohio Department of Developmental Disabilities (DODD)
Molina Healthcare of Ohio

If your agency bills another Ohio homecare payer, contact our team to discuss your funding options.

25 Years of Empowering Homecare Agencies

See Our History

Why Ohio Homecare Agencies Experience Cash Flow Problems

Ohio homecare agencies often deliver care long before receiving payment. While reimbursement cycles continue, your agency still needs to meet ongoing expenses every week.

Common cash flow challenges include:

Slow insurance reimbursements
Ohio Medicaid payment timelines
Managed care organization processing delays
Weekly or bi-weekly payroll
Rising caregiver wages
Hiring shortages
Growing patient demand
Increasing administrative expenses

Without consistent working capital, many agencies are forced to delay growth opportunities or rely on expensive financing.

Why Ohio Homecare Agencies Choose Invoice Factoring

Instead of waiting weeks for payments, factoring provides immediate access to the cash you’ve already earned.

Benefits include:

✓ Cash within 24 hours

✓ Better cash flow

✓ Cover payroll with confidence

✓ Hire additional caregivers

✓ Accept more patient referrals

✓ No traditional business loan

✓ Flexible funding as your agency grows

✓ No minimum or maximum funding amounts

PRN Funding can help Ohio homecare agencies overcome working capital gaps to provide the funds needed to maintain and grow operations.

How the Invoice Factoring Process Works

The homecare factoring process is easy and straightforward. With just a few simple steps, you can have immediate access to cash that can be used for a variety of necessary expenses.

PRN Funding Service photo with a nurse discussing with a patient.

Serve Your Clients

Provide goods and/or services to your clients like usual.

Verify PRN image of office worker using calculator to double check their work.

Submit Invoices to PRN Funding

After services are completed and/or products delivered, submit the invoices to factor to PRN Funding.

Verify PRN Funding image with customer service representative on the phone.

Verification

PRN Funding verifies that the work has been performed and/or products have been delivered.

Piggy bank held by a doctor to symbolize cash flow in the medical industry.

Receive Cash Within 24 Hours

PRN Funding advances cash to your company within 24 hours.

Learn More About the Process

Why Choose PRN Funding for Your Ohio Homecare Agency?

Unlike general factoring companies, PRN Funding focuses exclusively on homecare receivables.

For more than 25 years, we’ve helped homecare agencies overcome slow payment cycles with fast, flexible funding solutions. Our team understands the unique billing and reimbursement processes within the homecare industry, allowing us to provide responsive service and customized funding.

When you partner with PRN Funding, you’ll receive:

Dedicated account management
Homecare factoring expertise
Fast approvals
Funding within 24 hours
Flexible factoring options
Friendly, knowledgeable support

Our goal is simple: help Ohio home care agencies maintain steady cash flow so they can continue providing outstanding patient care.

Frequently Asked Questions

Is factoring a loan?

No. Invoice factoring is the sale of outstanding receivables rather than borrowing money, so you aren’t taking on new debt.

How quickly can I receive funding?

Many agencies receive funding within 24 hours after invoice verification.

Can startups qualify?

Yes. Approval is based primarily on the creditworthiness of your clients rather than your agency’s credit history.

Can I choose which invoices to factor?

Yes. PRN Funding offers flexible funding options based on your agency’s needs.

Don’t Allow Slow-Paying Customers to Get in Your Way!

Get the funding for your home health agency needs, by calling us today at 216-504-1000

Ohio Homecare Factoring