Health Care & Medical Receivables

Medical and Healthcare companies are granted funds based on the value of their billings to third party payers, such as insurance companies, HMOs, Medicare, etc. Prime Commercial Lending will purchase the company’s invoices at a discount, provide the needed funding, and then will directly receive payments from the third party customer.

What is required for healthcare receivables based finance?

  • (NVR) Net Value of Receivables needed to be evaluated to determine quality of the receivables as a funding base.
  • Third party payer analysis and compliance review, liability issues, verification of proper licensing, current payment history evaluation.
  • Financial statements.

What kind of medical practices/businesses can be funded with ABL?

  • Healthcare providers
  • Medical Practices
  • Hospitals
  • Nursing homes
  • Rehab clinics
  • Healthcare companies
  • Medical equipment providers
  • Ambulance services
  • Laboratories
  • MRI & Radiology centers.

See more on Prime Commercial Lending’s Asset Based Lines Of Credit Program

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