ACCOUNTS RECEIVABLE FUNDING
A new option for practices that care for Personal Injury patients to be paid upfront on Accounts Receivable.
Restore balance toYour Practice Cash Flow
Practices that work with Personal Injury or Workers Compensation patients have a unique impact on their cash flow. Payments are often slow and unpredictable as some claims are never paid. The lag time between payment of Personal Injury claims and the provision of services can create huge
liabilities for these practices.
Physicians already have so many things to consider when caring for patients and their business.
Using Accounts Receivable Funding can provide peace of mind and certainty to a businesses cash flow and help relieve the burden of lengthy wait times for payment.
We work with a sophisticated funding partner that provides a reliable cash flow to your practice with medical- lien funding. This helps restore cash flow balance to your practice without the uncertain payment amounts or sometimes, nonpayment.
Your funding partner can buy the debt outright or work with your practice to help you appear self funded to your patients. Your finance team will provide a sophisticated and time-proven assessment of your underwriting needs and determine the validity of legal claims. The flexibility of this service allows you to maintain existing relationships with the attorneys you work with.
Purchase rates are up to 40% of billed charges.
Instantly get cash back into your business with expedited funding
Avoid lengthy wait times to be paid
Have your debt bought outright or receive a negotiated advance against existing balances.
What Else is Offered:
Sophisticated and time proven underwriting
An in-depth analysis of A/R liens detailing the strength of the financial future of your PI practice
Retain your direct relationships with your attorneys with flexible servicing
Patient and Practice Benefits:
Improve your focus on patient care with peace of mind
Monetize receivables without selling them if you prefer
Leverage your assets for strategic growth
Predictable payments on often unpredictable PI receivables
Reduce administrative overheads
How Do I Get Started?
A HIPAA BAA is signed
Determine the best solution – Advance or Purchase model
Provide as complete a set of data as possible – prefer multi year
An analysis is provided and offer made for both Purchase and Advance models
Review contract and data validated
Begin final validation and compliance checks
Montetizes your AR without selling them
No Funding Group involvement is settlement
Provider maintains control of settlement
Keep a larger % of your Receivables total settlement
Leverage assets to fuel strategic growth.
Benefits of Selling Receivables
Guaranteed fixed amount of up front cash
Provider does not need to manage settlement negotiation
Predictable payments on unpredictable PI receivables
No risk on lost cases
Q: Why should I use AR Funding?
AR Funding gives your practice certainty over cash flow to relieve the burden of unreliable and uncertain payments. AR Funding also reduces administrative burden on your staff, freeing them up from chasing up claims and settlement negotiations.