Medical Billing Factoring Companies

Factoring Your Medical Billing

Healthcare factoring companies are a specialty factoring option for dealing with the world of medical billing.  They are familiar with payment terms of insurance companies and third party payers offer.  An extensive knowledge of a client’s invoicing history is necessary for a medical billing factor.  They will examine all available history for the customers a client wishes to factor.  Medical factoring companies work with a large range of clients within the healthcare space from ambulance services to doctor’s offices.     

Requirements for healthcare factoring vary greatly from a standard factoring and rates and terms can differ as well.  Typically a medical factoring company will have a minimum monthly requirement for factoring.  Usually between $50,000 and $100,000 a month in revenue.  Advance rates vary as they’re dependent on percentage payment rates on an invoice.  Third party carriers like Medicare, Medicaid, and various HMOs and PPOs may pay 50% of the initial invoice value.  A healthcare factor will typically need to see a payment history between a client and their customer to calculate the advance rate, usually a minimum of 3-4 months of history.  

The process for a client to start with a  healthcare factoring company is pretty standard aside from the additional information mentioned above.  As mentioned above a medical factoring company will analyze payment history from customers to determine their advance rate which can typically take 2-3 days.  A client can expect to receive their advances on invoices in 48 hours or less once initial approval and verification has been completed. 

Ready to Get Started?

Our network of factoring companies is ready to go.   With no cost or commitment we can find the best factory company for your business.

Benefits of Invoice Factoring For Home Healthcare

Factoring is a readily available solution to your cash flow crunch.  Whether you’re waiting 30, 60, or even 90 days to get paid there is a medical billing factoring company for you. Check out some of these other benefits from the factoring companies we work with:  

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