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Medical Receivables Funding
 

 

REVENUE CYCLE SOLUTIONS 

MEDICAL ACCOUNTS RECEIVABLE FACTORING

Providing Medical Funding Services Nationwide ....

S.G.E. Distribution Inc. Funding Ventures recognize that a successful healthcare practice depends on effective financial management as it does on quality care. An increasing number of healthcare providers are looking at funding companies that can help them handle their cash flow requirements.

We have partnered with funding sources that were specifically created to handle the medical receivables financial niche.

Medical receivable financing has become the most preferred and accepted way to provide immediate cash flow for healthcare providers.

S.G.E. Distribution Inc. Funding Ventures will purchase or facilitate the sale of your accounts receivable to a funding source company called a Factor. This simple process is called factoring. You receive cash within 24 to 48 hours (after the initial 7-10 day approval process). The Factor advances you a percentage of your invoice then collects the monies owed to you. The balance of monies owed you will be paid (less the Factor fee) when the Factor is paid. You retain complete control and ownership of your company and get the cash you need.

Factoring gives you a valuable business management technique. You get the cash you need now to:

  1. Meet current expenses and operating costs

  2. Respond immediately to seasonal demands and increase your business opportunities
  3. Purchase / acquire state-of-the-art equipment to remain competitive 
  4. Fund expansion and growth plans

Unlike borrowing money to meet cash flow needs, factoring does not create debt. Loans increase your ultimate expenses by the amount of interest you are paying and reduce the bottom line value of your company. Loans also require collateral limited by your hard assets. Factoring accounts receivables is not a loan, so there is no debt to repay. Your balance sheet is more attractive and your financial position is strengthened.

The factoring process is straightforward and uncomplicated. The first step is a basic review of your accounts receivables. After the initial paperwork is completed, we activate our national network of funding sources, providing the best possible match and a customized program for your business. Although receivables represents security, they fall critically short of "money in the bank" when it comes time to finance your new orders or meet day-to-day expenses

S.G.E. Distribution Inc Funding Ventures advances you cash for your accounts receivables.

Who Can We Provide Funding for
  • Office based Practioners
  • Group Practices
  • Hospitals
  • Clinics
  • Rehab Centers
  • Nursing Homes
  • Medical Labs
  • Medical Staffing Labs
  • Home Healthcare Providers
  • Physical Therapy Clinics
  • Physical Therapy Groups
  • Dialysis Facilities
  • MRI Centers
  • Pharmacies
  • Pharmaceuticals
  • Specialty Providers
  • Allied Health Providers
  • Medical Staffing Services
  • DME / HME Equipment & Services
  • Pharmacy & Infusion Therapy Services

 

Additional Services Provided by Our Partner Program

operations billing service--to alleviate staff turnover and accuracy- in-processing issues,

medical billing service that gives you "real time" access to your patients' accounts, keeping you instantly and continuously abreast of your accounts receivables and revenues.

cost reporting services that enable you to maximize final settlement for cost-based reimbursement,

management consultancy services that identifies the inconsistencies and problems in your billing cycles and shows you how to rectify them,

customized medical industry equipment lease and sale-leaseback programs to help you with you with your capital needs.

 

 

Click on Contact us for more information, or call: 866-427-4743

E-mail: funding@sgedistribution.com

 

Check out some of our other services that may benefit your cash flow. 

 

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Last modified: August 13, 2006