Private Duty Care Factoring

Invoice Factoring for Private Duty Care

Introducing a Flexible Cash Flow Solution

Factoring is a smart funding solution for private duty home care agencies. If you’re providing unskilled nursing services to patients, our private duty factoring services can help your agency get paid faster. We’ll help you obtain the cash flow you need to cover your payroll, taxes, insurance and other operating expenses.

PRN works with private duty nurse and caregiving agencies who are paid via Medicaid waivers or state government programs.  PRN Funding purchases your private duty care accounts receivables–a process known as invoice funding–so that your business can grow, without compromising your present obligations to payroll, taxes and credit obligations.

If you’re billing individuals (private pay) for your private duty services, learn more about consumer factoring here. If you’re interested in additional factoring services for home health agencies, click here.

How Does Factoring Work for Private Duty Care?

Selling invoices is a common alternative funding option for many healthcare companies. PRN Funding purchases your private duty invoices and issues an advance within 24 hours. You bill your customers like usual. The only difference is that they send payment to our lockbox. Getting approved is easy (if you’re just starting up, no problem!). Approval is based on the credit of your customers (Medicaid, VA or state government agencies), rather than your business’ credit history.