Q: How do you determine what the Net Realized Value (NRV) of the receivables are? A: We must do an audit and calculate the average percentage of collectible receivables within recent months, usually 4 to 6 months of collectible history to establish your NRV.
Q: Do you provide a billing and collection service with the receivable finance program? A: Yes, we now offer billing and collections aside from the financing. Each service stands on its own, if you no longer need the financing, you can stay with the billing and collections service or vice versa. We will have a vested interest in your success and by offering a billing and collections service, we feel that your business will be more efficient and successful.
Q: Do you have a minimum time that the program has to be in place? A: Yes, At least one year.
Q: How does my billing company or our in house office send you what we electronically uploaded for billing? A: We supply the integration that makes a file copy of your uploads and forward the exact information to us. This can be explained with more detail.
Q: I understand that Medicare/Medicaid receivables are not assignable, how are we supposed to assign them to a factoring company? A: We have to establish a lock-box under your business name, and then forward the funds to us. More details can be obtained on this issue.
Q: I own a temporary employment nurse staffing agency, do I qualify under your medical receivables program? A: We have a program for staffing agencies in general. If your business invoices to a commercial account and not Medicare/Medicaid or HMO's, then you would fall under our normal temp-staffing funding program.