14/07/2019
Invoice discounting is a receivable finance solution that allows customers(hospitals, pharmacies, small clinics etc.) to finance their slow-paying medical claims. With healthcare invoice discounting, medical companies can continue to save lives without having to worry about limited cash flow.We directly connect customerswith financiers(banks/ private firms)willing to lend against the invoices payable by various insurance companies. Finance can be obtained on insurance invoices that are due within 30 to 150 days and customers can get up to 75% - 80% of the outstanding receivables. The remaining 20%-25% is released once the claim is paid by the insurance company (minus any rejections& finance fee).Funds can be received within 48 – 72 hours at rates starting from 0.8% per month.
14/07/2019
Simple steps to finance process:-
Contact us to discuss your healthcare invoice finance suitability
Send us your financial documents and invoices
We will forward to the financier/investor to review the application & give a decision in 48 hours
Upload your invoices for investors to finance
Funds transfer gets effected in 48 - 72 hours.
14/07/2019
Invoice discounting is a receivable finance solution that allows customers(hospitals, pharmacies, small clinics etc.) to finance their slow-paying medical claims. With healthcare invoice discounting, medical companies can continue to save lives without having to worry about limited cash flow.We directly connect customerswith financiers(banks/ private firms)willing to lend against the invoices payable by various insurance companies. Finance can be obtained on insurance invoices that are due within 30 to 150 days and customers can get up to 75% - 80% of the outstanding receivables. The remaining 20%-25% is released once the claim is paid by the insurance company (minus any rejections& finance fee).Funds can be received within 48 – 72 hours at rates starting from 0.8% per month.
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09/07/2019
This is to bring to your attention for the following services we could provide to your organization.
(A) Medical insurance receivable discounting services (Money against your insurance receivables would be in your account within 10 days)
We could arrange bank facilities i.e. Medical insurance receivable discounting services and other term loan or working capital loan requirement if any.
Medical insurance receivable discounting services in brief.
Step 1
We connect your organization with a Factoring Company (Banker / third party financial service provider) for the medical insurance receivable discounting facility.
Step 2
An agreement is signed by both parties for the rate of interest, and other conditions.
Step 3
Organization submit the claims to the Factoring Company
Step 4
The factoring company advances up to 80% of the claim
Step 5
The claim is paid in 30 – 120 days or as per the credit days agreed with the Insurance Companies.
Step 6
The factor rebates the remaining 20%, less the financing fee