Medical Accounts Receivable Factoring
Medical factoring is a means by which the healthcare provider receives immediate cash for his/her billings to third-party payors (i.e. commercial insurance companies, HMO’s, Blue Cross/Blue Shield, Medicare and Medicaid). 1st Commercial Credit provides medical receivable funding for two types of medical provider clients. If you are a Medical staffing agency invoicing to a commercial account (i.e. Hospitals, Nursing Homes, etc.) please go to this web page "
Medical Staffing Finance".
We purchase your billings at a discount and collect payments from the third party payors an to qualify for this program the business must have a an average monthly billings of of third party receivables in the range of $35,000 minimum and up to
$500,000. Medical providers that are currently exceeding $500,000 a month of net realized value (NRV) billings and maintain at least $600,000 of total accounts receivable at (NRV) may qualify for our
healthcare asset based financing program.
 1st Commercial Credit realizes that a successful healthcare practice depends as much upon effective financial management as it does on quality care. For this reason, an increasing number of healthcare providers
with sales under $500,000 a month are looking for factoring companies that can help them handle their cash flow requirements. 1st Commercial Credit can facilitate financial funding of medical receivables and has a well seasoned staff that was created specifically to handle this unique financial niche.
The long delay between the time you perform a medical service and the time you are ultimately paid, coupled with a bureaucratic and very cumbersome third-party billing structure has resulted in diminishing your business cash flow.
Our mission is to provide capital to a nationwide
network of healthcare providers including, but not limited to sole
practice physicians, group practice physicians, nursing homes,
hospitals, home healthcare companies, rehabilitation / physical
therapy companies, durable medical equipment providers, MRI,
radiology centers, ambulance service providers and laboratories.
Nurse Registry (Medical) Temp Staffing Receivables
Factoring
We currently can establish factoring programs for temporary
employment staffing agencies for as little as $5,000 to 10 million a
month volume. Temp-Staffing businesses generate commercial
receivables and fall under our commercial receivables program so
long as the receivables are not owed by Medicare, Medicaid or
individuals. New business start ups are welcomed.
Our Clients:
- Too new to obtain bank
financing (under 3 years old)
- Needs accounts receivable financing for payroll
- Needs expansion and/or working capital
- Needs acquisition financing
- Growth strategies, including new facilities
- Restructurings, DIP and post -bankruptcy
financings
Nurse Registry (Medical) Temp Staffing Receivables Factoring:
We currently can establish factoring programs for
temporary employment staffing agencies for as little as $5,000 to 10
million a month volume. Temp-Staffing businesses generate commercial
receivables and fall under our commercial receivables program so
long as the receivables are not owed by Medicare, Medicaid or
individuals. New business start ups are welcomed. Request a proposal
for Medical Temp-Staffing Factoring
Account Receivable Financing Frequent Questions |
[
[
[