Billing Medical Opportunity Sales Software

How to Finance a Growing Pharmacy with Medical Factoring

By: Marco Terry

Medical factoring is an innovative financing tool that can help finance your growing pharmacy. Hurry up and wait. If you own a pharmacy that is billing private insurance companies, HMO’s and Medicare/Medicaid you know the meaning of that phrase very well. Hurry up and wait is what happens after you submit client claims for payment. You wait 30, 60 and sometimes 90 days before you get paid. In the meantime, you still need to pay rent, meet payroll and pay your suppliers. Paying them on time is critical for the success of your business. So, what can you do if you cannot afford to wait to get paid? Going to the bank won’t help you unless you have been in business three years, have great credit, plenty of assets and can provide three years of audited financials. Without them, banks will seldom lend you a dime. But there is a financing tool that can provide you with the financing you need. Not only that, as your sales increase, so does your financing. This tool will allow you to have the funds to pay rent, meet payroll and pay your suppliers. It eliminates the hurry up and wait game that insurance companies play. It is called medical factoring. Medical receivables factoring provides you with financing based on your slow paying insurance claims. As opposed to bank financing, medical factoring is easy to qualify for and can grow, as your business grows. It works as follows: 1. You bill insurance companies, Medicare/Medicaid and HMOs as usual 2. You then submit your invoices to the factor for financing 3. The factoring company advances you up to 85% of your expected collections 4. The remaining 15% is kept as a reserve. 5. You get immediate use of the money. The factoring company waits to get paid 6. Once the factoring company is paid, the remaining 15% (less a fee) is rebated Factoring financing streamlines your cash flow and allows you capitalize on your biggest asset: your slow paying claims from insurance companies. It is an ideal tool for new and growing pharmacies or healthcare providers who need the cash flow to grow and take their business to the next level. ABOUT THE AUTHOR We provide business financing. We can provide you with a medical factoring, medical receivables factoring or invoice factoring quote. For a free consultation, call Marco Terry, at (866) 730 1922.

Keywords: Medical Claim claims, factoring, medical factoring, factoring medical receivables, medical receivables, factoring medical, medical receivables factoring, Medical Claim, medical factoring medical, medical

Medical Billing Opportunities: Not What the Doctor Ordered
... they call, they get a high-pressure sales pitch that promises big bucks for a ... If the medical billing opportunity sells another company's software, check with the software company to ...


Lytec Medical - Training
... A Valued NDCLytec Medical Select VAR Reseller Professional Medical ... call a NDCHealth Inside Sales Representative at 650.947 ... Order NDCLytec Medical Billing Software Contact: (650) 947 ...


MMSVA - Medical Billing Software Sales & Service
We are a Medisoft Preferred Dealer for Medical Billing Software, serving Virginia since 1994. We believe a software is only as good as the support therefore there has to be ... successful billing services. MMSVA offers software for doctors ... medical administrative skills. Some billing service business opportunity companies ... your MMSVA sales representative for ...


Medical Billing Opportunities: Worth a Second Opinion
... If you call, a sales representative will entice you to sign up by telling you ... If the medical billing opportunity sells another company's software, check with the software company to ...


Medical Billing Opportunity Software Software, White Papers, Research, Hardware and Services - KnowledgeStorm
Search by: Your search for keyword: Medical Billing Opportunity Software returned the following results. Related Categories. Search for: Related Insights. Search for: Newsletter Signup ... Radio Frequency Identification, Records Management, Sales Force Automation, Small and Medium ...