Medical accounts receivable factoring is a rapidly growing industry. Health care-related practice costs are increasing, while reimbursement rates to health care providers are decreasing. Medical receivables usually take anywhere from 60 to 120 days to pay, whether the funds are coming from individuals, private insurance companies, HMOs or PPOs or government sources. These delays in receiving payment create cash flow problems for physicians and other health care providers. They sometimes use up their lines of credit and have no other way to obtain additional financing.
If you are:
- An office-based physician
- A diagnostic facility
- An independent laboratory
- A physical therapy provider
- A home health care provider
- A medical equipment company
- MRI facility
- Psychology/substance abuse center
- Any other business that bills a third-party payor
And are looking for financing alternatives in order to stay current with payroll taxes, overhead expenses, and the IRS, call Lexx Funding at 636-458-2612 and let us help you create solid, dependable cash flow, improve your credit rating and balance sheet, and help with collections and tracking.
By using medical receivable funding you can cut expenses by using our underwriter’s resources for credit checking, collection, and account receivable management. Your staff will be able to focus on customer service and business growth instead of managing and reporting on collections.
