What Are Medical Receivables?
Medical Receivables are payments owed to health care providers and
manufacturing companies by insurance companies, Medicare, or Medicaid.
Note: Typically, this does
NOT include payments owed to health care providers by patients.
How Are Medical Receivables Created?
Medical Receivables are created when a health care provider renders
service or a manufacturer provides equipment to a patient and is waiting for
reimbursement from an insurance company, HMO, PPO, or government source.
Who Can Benefit from the Sale of a Medical Receivable?
In the medical industry, it is not uncommon for repayment to take from 60 to 120 days. Delays in receiving payment create cash flow problems for physicians and other health care providers. Selling these receivables can help the provider of services or equipment stay current with payroll, taxes, overhead expenses, or other obligations.
Are you waiting to be paid by an insurance company, HMO, PPO, or government source such as Medicare or Medicaid? Contact us and let us explain how we can help get you the cash you need.