Results 1 to 12 of 12
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04-08-2016, 01:04 PM #1
Medical Receivables Factoring - Who Does That?
Anyone know a really great company for medical receivables factoring (both for within & above 90 days)?
I'm talking a company that really takes care of the broker & treats the client with great customer service...
Company should be able to set up monthly factoring on all future receivables either on the 1st or 15th of each month, etc...
I may be saying it wrong, but you get the gist.
Please PM me a great contact, or state the name.
Thanks.Last edited by Fundyman; 04-08-2016 at 01:08 PM.
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04-08-2016, 02:01 PM #2
- Join Date
- Mar 2016
- Posts
- 335
Factors do not fund on future receivables; however, I will take a look at this. My bread and butter is accounts receivable financing and I am direct lender. Email me at partner@allamericantrust.com
Also, it is unlikely any factor will fund an invoice that has aged 60 days or more.
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04-08-2016, 03:11 PM #3
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
Medical Receivables Factoring - Who Does That?
Id be happy to put you in touch with a good factor in the medical field. Just know that your client will have to provide payment history of the last 6-8 months before the deal can fund so the factor can calculate their net receivable.
Feel free to reach out.
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04-08-2016, 06:32 PM #4
- Join Date
- Sep 2015
- Location
- Miami, FL
- Posts
- 189
Medical Receivables Factoring - Who Does That?
You may want to ask your client the reason as to why receivables are so aged. If they are billing to third party insurance companies, then they should rotate between 30-60 days. If receivables are from individuals, then no factor would touch them. And if the receivables are aged because they need to better their collections practices, then i suggest they start collecting and improving their aging report prior to bringing a factor to the table, otherwise it would be hard to structure a factoring facility.
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04-08-2016, 06:52 PM #5
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Medical Receivables Factoring - Who Does That?
TedFundy, are you a member of the IFA?
What type of deals have you funded yourself, your rates and advance rate?
Thanks, Bob
b
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04-13-2016, 05:36 PM #6
- Join Date
- Mar 2016
- Posts
- 335
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04-13-2016, 06:09 PM #7
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Medical Receivables Factoring - Who Does That?
I see a lot of financial products on your site. Are you a direct financial source for all of them?
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04-27-2016, 09:37 AM #8
We are direct lenders in the medical accounts receivable space. We go up to 120 days. I would be happy to speak with you about any medical financing needs.
Ben Rutkevitz
Alleon Healthcare Capital
benr@alleoncapital.com
(201) 340-6346
http://www.alleonhealthcare.com/
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07-26-2016, 08:56 PM #9
- Join Date
- Jul 2016
- Posts
- 7
I know someone who does it he does it at 1.5% fixed but min of 20k please email me at mendelm@ikahncapital.com
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07-27-2016, 10:30 AM #10
- Join Date
- May 2016
- Posts
- 32
We do medical receivable (factoring).
Please feel free to contact us:
Linda@capitalseven.net
www.capitalseven.net
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07-30-2016, 06:55 PM #11
Try Blue Vine
Jerry Starr
Insource Funding
433 Plaza Real,
Boca Raton, Fl 33432
P: 800-805-3391 Fx: 561-270-6895
insourcefunding.net
WHAT WOULD YOU DO " IF " YOU HAD THE CAPITAL
◆ 50% LTV - No Fico Required
◆ 90% CLTV on Purchases
◆ Investment Residential / Commercial Properties
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08-01-2016, 03:47 PM #12
- Join Date
- Mar 2014
- Location
- Ann Arbor, Michigan
- Posts
- 1,289
Ted, How about a call later this week?
Bob Shaw
734-929-3800
rshaw@advancecredit.com
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