Many medical practices are not aware of the benefits of medical receivables factoring. Most practices, however, are quite familiar with the complications of billing for services to third party insurance companies and government institutions such as Medicare. Receivables factoring helps fill the gap in cash flow between billing and reimbursement.
02 Jun / 2014
Simply put, asset based lending is any financing secured through the use of an asset as collateral. The asset might be available inventory, or it might be accounts receivable. This lending method is used when a typical bank loan or selling bonds to investors through capital markets are not options.