Healthcare providers can reduce the wait-time between service and reimbursements through medical receivable financing.

What is Healthcare Accounts Receivable Factoring?

Healthcare receivable financing/factoring is a cash flow technique where a healthcare provider receives immediate cash for billings to third-party payers.

Advantages of our Healthcare Accounts Receivable Factoring Products Include:

• Quick and easy capital
  Unlike the traditional banking systems, Omni Funding provides a non-bureaucratic way to access the capital you need. To factor with Omni Funding you do not have to meet a time in business requirement, be profitable, or meet other conventional lender qualifications. Usually tax returns, personal financial statements, business plan, projections, etc. are not necessary to process a factoring application. In a few business days, your factoring agreement can be completed. Thereafter accepted invoices and receivables are converted to cash within 24 hours. Bureaucracy prohibits other lending institutions from processing your needs that fast.
• Maximizes the cash available to you
  Factoring provides more cash than traditional bank loans or lines of credit.
• No arbitrary line of credit amount
  You borrow based on your sales activity so you are automatically set up to finance your growth.
• A No Debt Solution
  Unlike borrowing money to meet cash flow needs, factoring does not create debt. Getting a loan increases your ultimate expenses by the amount of interest, and reduces the bottom-line value of your business. Loans also require collateral limited by your hard assets. Your balance sheet is more attractive, and your financial position is strengthened.
• Cash Flow is more predictable
  In addition to speeding up your cash flow, factoring also makes it easier to manage your cash since your invoicing is more predictable than when the third party payer payments will be received.
• Reduce Overhead Expenses
  With a factoring arrangement your business can greatly reduce your cost of processing invoices because our factoring services can handle that work. We will process your billing, mailing, postage, and accounting for each account. You will be provided with account activity reports giving you full details for each and every transaction.
• Flexibility with your financing
  Factor when you want, as much as you want, and for as long as you want. With Omni Funding, there is no minimum factoring level or commitment to factor in the future.
• Improved credit evaluation
  Omni Funding can provide the expertise in helping your business assess changes to existing accounts, and assisting in the development of new accounts.
• Grow - You have the financial means for an almost limitless increase in sales.
• Think Big - Go after the accounts and contracts you thought were "too big."
  

A Partial List of Eligible Healthcare Providers:

• Medicare
• Commercial Insurance
• HMO/PPO
• Medicaid
• Private Insurance
• Managed Care
  

Healthcare receivable financing eliminates waiting 30-90 days or more for reimbursements from the following third-party payers.

Are cash flow challenges preventing you from:

• Obtaining bank financing (new in business / start up operation)
• Covering payroll
• Expanding your staff, facilities, and operations
• Acquiring new equipment to stay one step ahead of the competition
  

Some healthcare professionals and providers that are enjoying the benefits of Omni Funding account receivable financing programs are: