Results 1 to 6 of 6
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08-11-2021, 04:41 PM #1
- Join Date
- Feb 2020
- Posts
- 21
Medical Office---A/R Financing for Disability/Workers Compensation (NO-MCA)
***Please, No Brokers***
$7MM in YTD outstanding A/R, looking for $2MM
Medical Office specializes in working with workers compensation claims.
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08-11-2021, 04:55 PM #2
- Join Date
- Feb 2017
- Posts
- 3,426
Just clarify a few things:
1) Is the AR to insurance companies?
2) Is the AR more than 90 days outstanding?
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08-11-2021, 05:17 PM #3
- Join Date
- Jul 2021
- Location
- New York City
- Posts
- 47
send over to daniel@ibexfundinggroup.com and I'll have it underwritten over the phone and give you an offer asap
[SIZE=2][SIZE=1]Daniel Nathan
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09-01-2021, 10:00 AM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
All Paper Lender-
Micah is asking some of the right questions:
With Medical or 3rd Party Billing Receivables, the 'Net' receivable report is the key. With Workers Comp claims however, the payouts often come from lawsuits and settlements and are not driven by Health Insurance Carriers. Since it is hard to determine what the medical office will actually receive out of the $7M leveraging 2M might be tough.
Banks or Specialty Niche lenders will not be on this blog often- and will likely repeat the above.
What debt is on the balance sheet for the client now? Is there Machinery and Equipment to Leverage? Other collateral? Earnings?
There may well be a path to 2M but the AR with Comp claims will not be easy to leverage..
richard@bccusa.com
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09-22-2021, 10:10 AM #5
- Join Date
- Mar 2017
- Posts
- 37
If you haven't found a home for this deal yet, we would be interested in looking at this deal.
We provide medical factoring, including factoring in a second position to a bank.Kevin Sampson
Capital Solutions Bancorp
http://capitalsolutionsbancorp.com
ksampson@capitalsolutionsbancorp.com
706-745-8435 Office
561-436-5883 Cell
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11-11-2021, 12:55 PM #6
If this is still in play, we would be happy to take a look as well. The Workers Comp space is tricky to lend against but we have tons of experience in it.
Ben Rutkevitz
Alleon Healthcare Capital
benr@alleoncapital.com
(201) 340-6346
http://www.alleonhealthcare.com/
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