OUT WITH THE OLD... AND IN WITH THE NEW

It is well known that interest rates are on the rise. With healthcare margins already paper thin, new ways to hold onto cash flows and cut costs are a necessity. Many hospitals and health systems use their accounts receivable to leverage a credit line for working capital. That credit line has strings attached to it and only covers certain portions of the accounts receivable (excludes certain classes). The result is a credit line for 50% to 70% of the actual value of your accounts receivable with 100% of the collection costs and risks.?In addition, the reporting and service requirements of the line of credit will add costs of at least an additional 7% to 10% of the credit line value. Our assignment of accounts receivable program will replace the credit line with at least 20% more cash available monthly.

TRADITIONAL LOC FINANCING WEIGHS MORE ON YOUR BUSINESS

This is not just a program for large Hospitals, ASCs and Health Systems, we work with Independent Providers and Groups. Call now, 1-833-372-6427 and ask about AR assignment for more details.