Independence blue cross health insurance
Medical Receivables Factoring Provides Cash Flow
Independence blue cross health insurance Kent Harlan has been a CPA since 1984 and has provided consulting, accounting. Independence blue cross health insurance Some people find their health insurance policies involuntarily cancelled, while others are being charged more than 300% of the standard health care premiums. After receipt of the signed Letter of Intent, the funding source draws up a Purchase and Sales Contract for the client. Radical prostatectomy has the highest cure rate for an organ-confined disease of all treatments although 10-20 percent have additional prostatic disease after pathologic evaluation.
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Are you a healthcare provider in need of working capital? Click here to apply. Independence blue cross health insurance
Medical Receivables Funding Gives Providers Much Needed Capital
Third party payors are commercial insurance companies, HMO's, PPO's, Blue Cross/Blue Shield, Medicare, Medicaid, and state entitlement programs. * It is an off-balance sheet transaction since the client is selling an asset. They are also similar in cost, so doctors select one approach over another based upon the patient situation and achieve similar results. The theory was that not only would the hospitals benefit by an influx of referrals, the physicians would not have the headache of managing their practice and therefore earn more and work less. It can provide much-needed working capital to providers for meeting expenses, making investments and taking advantage of early payment discounts. Independence blue cross health insurance
Medical Receivables Funding Gives Providers Much Needed Capital
Radical prostatectomy has the highest cure rate for an organ-confined disease of all treatments although 10-20 percent have additional prostatic disease after pathologic evaluation. For most doctors, maintaining their customer base isn't a problem, as most patients will follow them back into private practice. Independence blue cross health insurance Factoring is not a loan: it is the sale of your medical third party receivables. As doctors and other providers are getting financially squeezed because of pressures reduce costs, the need for funding becomes greater. It wasn't too many years ago when the hot trend in the physician world was the purchase of medical practices by hospitals. Medical receivables funding, or factoring, allows the provider to receive immediate cash for their third party billings.
Medical Receivables Factoring Provides Cash Flow
In other words, your balance sheet does not reflect debt as a result of factoring. Loan officers often lack the specialized knowledge of the healthcare claim billing and collection process. A major hospital and nursing home company just reported a 14% drop in net income for the fourth quarter of 2006 from the same period last year. Independence blue cross health insurance Medical receivables funding, or factoring, allows the provider to receive immediate cash for their third party billings.