Get the Working Capital Your Practice Needs Quickly
Medical receivable financing is a great way to access the funds you need to keep cash flowing through your practice without worrying about adding to your long term loan debt or diluting your equity. That’s because it uses your outstanding accounts to finance your current cash needs. Essentially, it gives you the opportunity to access your funds early for a small service fee.
How It Works
There are a few simple steps to getting access to funds through your receivables. Here’s how it works:
- An Exodus Commercial Capital representative reviews your application and your outstanding accounts
- Customer payment histories are also reviewed to create an estimate of your likely time to payment
- From this data, a cash advance is calculated
- We take over collecting payments, and as they come in we send you the remainder after subtracting your advance and our fees
Medical Receivable Financing vs. Medical Financing
Most healthcare and medical financing companies want to give you a loan that is offered only to healthcare businesses. This is still a conventional loan with all the strings and interest payments a regular loan entails. When you finance you receivables, though, you get an advance on cash you are owed, with no interest payments or long-term debt.
Contact us today to start an application.