Advanced Funding of Claims

Business loans are vital for entrepreneurs, start-ups, and established businesses looking to grow or overcome short-term financial challenges.? The most common form of borrowing comes from a line of credit, usually from a bank.? With all lines of credit, many forms must be completed, personal financial statements must be submitted, and a personal guarantee is a must.? Unfortunately, banks are not that interested in the post-acute space leaving agencies with minimal options for capital.

The Federal Reserve released some staggering numbers pertaining to small and mid-size companies that led us to create an alternative way for agencies to qualify for much-needed capital.? These stats prove the need for another way, so we built it.

·??????? 85% of small to mid-size businesses reported being in fair or poor financial condition.

·??????? Only 31% received all the funds they sought, down from 51%.? That is a 20-point swing.

·??????? In the last year, bank loan approval rates have declined sharply, moving from 28% applicant approval in 2022 down to just 14% in 2023.

Introducing HRP Capital

HealthRev Capital bridges the financing gap in healthcare to support home health, hospice, and other post-acute agencies across the United States. HealthRev Capital partners with providers by providing clients with capital in the form of upfront payments on insurance claims. By bringing forward insurance AR on aging claims at an affordable rate, providers can secure working capital to overcome gaps in cash flow.? Providers can use these funds to hire much-needed staff, bridge cash flow gaps, improve technology, and cover overhead expenses.? Just want a line of credit for emergencies, we can do that as well up to 100K. Ready to get started? Simply start your application by entering your email and filling out the form: https://healthrev.flychain.us/

Accounts Receivable Financing is a strategic way to optimize cash flow and accelerate growth. Our experts will assess your eligibility and tailor a financing plan that suits your agency’s needs. We become your partner in managing your accounts receivable and current billing so you can focus on core operations without worrying about cash flow interruptions and you repay the advance as your aging payments come in. Trying to borrow money from a bank may get you some of the cash you need, but it doesn’t solve your problem. HealthRev Capital can do both. The chart below provides a side-by-side comparison of the differences in lending.

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?How does it work?????

I wanted this process to be simple and fast and without a bunch of, what I refer to as, BS fees. All agencies must do is go to our financing link on the HealthRev Partners website, provide basic business information, submit your AR report, and connect your bank. That’s it. No loan application fees, no origination fees, no broker fees, and no unused line fees. It really is that simple and you can have money in your account within 2 days.

To learn more about Advanced Funding by HealthRev Partners, listen to our podcast with a strategic partner Flychain.

Additional FAQs

????? Does applying affect my credit?

????? No.? Credit scores are unaffected as we perform the industry best practice of a soft credit pull.

????? Do you require personal guarantees?

????? Never

????? Do you require any collateral?

No.? We will review ongoing claims data to ensure you never borrow more than your AR will support.

????? Is there a minimum FICO score to qualify?

No. While we review the FICO score of the owner, there is no minimum.

????? Are there any additional fees associated with the program, such as broker fees, origination fees, or unused line fees?

????? We never charge these traditional “lending fees.” The only fees charged will be on the amount borrowed for the duration it is borrowed.

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????? Do I have to borrow the full amount I am approved for?

????? The program is designed to be completely flexible, meaning customers can draw as much as they want (up to the approved amount) whenever they want.

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Still have questions?

Feel free to contact me directly at [email protected]