Receivable Financing for Medical Businesses
If you operate a company in the healthcare sector, you probably already understand how important it is for you to have financing that helps you meet your obligations on time. It’s an important part of running any business, but in the healthcare sector, your billing is on a unique timetable, and billing cycles can vary widely according to location and insurance carrier. Healthcare and medical receivable financing is designed to smooth over those issues by providing you with the means to access a portion of your funds when you need them.
How Financing Your Receivables Works
Lucida Funding Corp associates will work with you to determine what percentage of your outstanding accounts will be available as an advance. These determinations are made by considering a few factors:
- Customer payment history
- Customer credit
- Size of the account
- Likelihood of default
- Estimated payment date
Once all of this has been taken into account, you will receive any approved advance, and we will take over your billing and payment receipt process. Then, when payments come in, we will simply deduct the original advance and our feel before passing the rest on to you.
Contact Us to Get Started
Healthcare and medical receivable financing is an important part of running a healthcare business. Contact us today to start an application so you can get the support your business needs.