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Medical
receivables can now be financed with competitive bank rates and
comparable service fees for monitoring, billing and collections.
El Paso, TX (PRWEB) April 24, 2006 -- 1st Commercial Credit, LLC. Over
the past several years, more and more medical practices have begun to
outsource their billings to third party medical billing services. For
many medical practices, however, finding financial institutions that are
familiar with
healthcare receivable financing has been difficult.
According to Raul Esqueda (President and founder of 1st Commercial
Credit): "With healthcare receivable financing, the main problem that
financial institutions face is monitoring the value of the collateral
(receivables) on a real-time basis. Regulatory intervention and
restrictive banking policies have created additional obstacles to meet
this challenge. At 1st Commercial Credit, we have capitalized on this
opportunity by offering InterMedBill (SM) Billing and Financial
Solutions - a medical receivable finance program combined with a billing
and collection service. The result is a cost of funds package similar to
a bank at a prime plus based schedule. Also, the billing and collections
option will be cost effective due to our innovative infrastructure."
Medical practices in the U.S. can now choose one of three offerings from
1st Commercial Credit:
InterMedBill (SM) Financial Solutions - A program that offers working
capital using healthcare receivables as the borrowing base. The
monitoring fee structure is calculated on a per transaction basis and
the financing on the advanced funds is prime plus based. Billing and
collection services are not included in this program.
InterMedBill (SM) Billing and Collections - A program that includes
billing, collections and accounts receivables management.
InterMedBill (SM) Billing and Financial Solutions - A combined program
of receivable-based financing, billing, collections, monitoring and
receivables management.
1st Commercial Credit, LLC, is a leading financial service provider of
asset-based financing for the healthcare industry (available for medical
providers who bill third-party receivables that may include Medicare,
Medicaid and HMO’s).
If you feel that your business
would benefit by setting up an accounts receivable factoring
program.
Please contact us at 1 800 450 9653
About 1st Commercial Credit, LLC
1st Commercial
Credit, a
nationwide
factoring company headquartered in El Paso, Texas. Provides accounts
receivable financing in the US, Canada, and the UK; offers
export trade finance to clients in every major world
market and can convert receivable finance transactions in 17
currencies.
View Recent Transactions
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1st Commercial Credit (SM) is a trademark of 1st Commercial Credit, LLC.
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