"If we cannot now end our differences, at least we can help make the world safe for diversity."John F. Kennedy
|
| |
The Revealing Truth About Hewlett Packard Remanufactured Discounted Printer Inkjet Cartridges
Hewlett Packard remanufactured inkjet cartridges have both played a positive and negative role within the consumable market. I can certainly testify that the question on using hp remanufactured cartridges would be both the best dream and the worst ...
Unsecured Business Loans - Fuel your business with a low cost finance
Every business has a vision and a mission to follow. But, to achieve these, entrepreneurs need to have leadership expertise and adequate capital to finance the business. You may have the vision to reach the new heights in the world of business, but lack ...
Why should I refinance?
If you bought your home a few years back when annual interest rates were 12 percent, refinancing now can save you a great deal of money over the term of the mortgage. Or you might be able to switch from a 30-year mortgage to a 15-year, so you can pay ...
|
|
|
| |
Medical factoring is an innovative financing tool that can help finance your growing pharmacy. Hurry up and wait. If you own a pharmacy that is billing private insurance companies, HMO's and Medicare/Medicaid you know the meaning of that phrase very well. Hurry up and wait is what happens after you submit client claims for payment. You wait 30, 60 and sometimes 90 days before you get paid.
In the meantime, you still need to pay rent, meet payroll and pay your suppliers. Paying them on time is critical for the success of your business.
So, what can you do if you cannot afford to wait to get paid? Going to the bank won't help you unless you have been in business three years, have great credit, plenty of assets and can provide three years of audited financials. Without them, banks will seldom lend you a dime.
But there is a financing tool that can provide you with the financing you need. Not only that, as your sales increase, so does your financing. This tool will allow you to have the funds to pay rent, meet payroll and pay your suppliers. It eliminates the hurry up and wait game that insurance companies play.
It is called medical factoring.
Medical receivables factoring provides you with financing based on your slow paying insurance claims. As opposed to bank financing, medical factoring is easy to qualify for and can grow, as your business grows.
It works as follows:
1. You bill insurance companies, Medicare/Medicaid and HMOs as usual
2. You then submit your invoices to the factor for financing
3. The factoring company advances you up to 85% of your expected collections
4. The remaining 15% is kept as a reserve.
5. You get immediate use of the money. The factoring company waits to get paid
6. Once the factoring company is paid , the remaining 15% (less a fee) is rebated
Factoring financing streamlines your cash flow and allows you capitalize on your biggest asset: your slow paying claims from insurance companies. It is an ideal tool for new and growing pharmacies or healthcare providers who need the cash flow to grow and take their business to the next level.
ABOUT THE AUTHOR
We provide business financing. We can provide you with a medical factoring, medical receivables factoring or invoice factoring quote. For a free consultation, call Marco Terry, at (866) 730 1922.
|
|
|
|
|
|
 Chile leader announces $4 billion anti-crisis plan - Associated Press
SANTIAGO, Chile (AP) -- President Michelle Bachelet on Monday announced a $4 billion plan to help Chile fight the global economic crisis and create as many as 100,000 jobs. The plan, which contains some measures that must be approved by Congress ...
Gov. Schwarzenegger rejects latest budget proposal - KSTP
(AP) SACRAMENTO, Calif. - Gov. Arnold Schwarzenegger vetoed an $18 billion deficit-cutting package Tuesday that legislative Democrats characterized as the only "game in town." The Legislature has had three special sessions since the November election ...
NKorea sets March date for parliamentary elections - FOX News
SEOUL, South Korea — North Korea announced Wednesday it will hold long overdue elections in March amid indications the impoverished regime plans to fill parliament with finance-savvy legislators and has named new Cabinet ministers with economic ...
Victhom to Participate in the OneMedPlace Finance Forum - Earthtimes
Author : VICTHOM HUMAN BIONICS INC. QUEBEC , Jan. 7 /PRNewswire-FirstCall/ - Victhom Human Bionics Inc., "Victhom" (TSX: VHB), announced today that it will participate in the OneMedPlace Finance Forum in San Francisco, CA on January 13 and 14, 2009 ...
Greek PM sacks finance minister in reshuffle - International Herald Tribune
Greek Prime Minister Costas Karamanlis sacked his finance minister on Wednesday in a cabinet reshuffle to try to shore up his government's popularity, hit by riots, scandals and economic woes. Finance Minister George Alogoskoufis, 53, was replaced by ...
|
