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  • Hub You - Medical Professionals Indirectly Speeding Up Payments from Insurance Companies and Medicare

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    Many medical professionals say that managing their accounts receivable is one of the most time consuming task in their business management. Due to the long process associated with reimbursement from third party payers, the need for medical accounts receivable financing has greatly increased.

    A/R Funding (Accounts/Receivable) is the selling of your account receivables for cash versus waiting 60 or 90 days to be paid by the Insurance company, Medicare or Medicaid.

    A Healthcare Accounts Receivable Funding company purchases receivables of rated health insurance companies and governmental agencies. The monthly service fee (tax deductible) is a flat fee that is deducted from the remittances. The actual fee amount is based upon a number of factors including average turn around time of the remittances,

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    associated with reimbursement from third party payers, the need for medical accounts receivable financing has greatly increased.

    A/R Funding (Accounts/Receivable) is the selling of your account receivables for cash versus waiting 60 or 90 days to be paid by the Insurance company, Medicare or Medicaid.

    A Healthcare Accounts Receivable Funding company purchases receivables of rated health insurance companies and governmental agencies. The monthly service fee (tax deductible) is a flat fee that is deducted from the remittances. The actual fee amount is based upon a number of factors including average turn around time of the remittances

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    A Healthcare Accounts Receivable Funding company purchases receivables of rated health insurance companies and governmental agencies. The monthly service fee (tax deductible) is a flat fee that is deducted from the remittances. The actual fee amount is based upon a number of factors including average turn around time of the remittances

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    Accounts Receivable Funding company purchases receivables of rated health insurance companies and governmental agencies. The monthly service fee (tax deductible) is a flat fee that is deducted from the remittances. The actual fee amount is based upon a number of factors including average turn around time of the remittances
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    is a flat fee that is deducted from the remittances. The actual fee amount is based upon a number of factors including average turn around time of the remittances, average claim size and overall account size. The actual funding can take place within 3 to 5 days.

    Different Lenders handle the Funding processes differently. Usually an Accounts Receivable Broker will select a company based upon location. Sometimes it helps if the Medical facility and the Accounts Receivable Funding source are in the same geographical area.

    The sale of receivables creates no additional debt to the balance sheet and the monthly fees are 100% deductible.

    Medical Accounts Receivable Funding sources are thoroughly familiar with the laws and limits of Medicare, Medicaid Insurance companies and third party payers.

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