Do you have a lot of medical claims each month? Do you need the cash now for overhead & payroll rather than waiting for the insurance companies, Medicare & Medicaid to pay? That can take as much as 90 days. Smooth cash flow can make al the difference in the success of a business or the closing of its doors. Would you like to ensure that the cash flow will not stop coming to you even if you get sued?
We all know that payments coming from third party payors can be very unpredictable. The slowness and uncertainty wreak havoc with medical practitioner's ability to manage a practice. Payroll taxes, supplies and other overhead should be paid from business proceeds and not by the practitioners' personal credit card.
Arrow Funding's Medical Accounts Receivables Program provides you with immediate payment for your services instead of having to wait months and months for slow paying carriers. Arrow Funding's Medical Accounts Receivables Program eliminates the wait period and allows you to be paid almost immediately. We buy all of your accounts receivables (business to business) from you for 80% cash upfront, the remaining 20% minus our fee will be sent to you after we collect the balance from the last claim. Our fees are comparable with that of a Visa or a Master Card.
Example:
Let's suppose you average $50,000.00 in medical claims a month. We would buy those claims from you for $40,000.00 up front; 80% of their face value. You can use that money however you see fit. There are no strings attached. This is not a loan. It is an advance of money already due you. After we collect the final payment on those claims, we will take out our fee and send you the balance.
Then next month we will do the same thing again. That means that once you're set up and rolling, you will be averaging two checks a month. The first to buy the claims, the second, a smaller check to cover the balance less our fee. Everything works electronically so you never have to worry about claims getting lost in the mail.
PROFESSIONALLY STRUCTURED ASSET PROTECTION STRATEGIES
Arrow Funding's Medical Accounts Receivables Funding Program works well in conjuction with both domestic and international asset strategies. Medical practitioners can retain highly specialized lawfirms to structure strategies that will protect their monthly cash flow from medical lawsuits or overzealous juries. By assigning your montly claims to the Funder for a period of three years, minimum, these claims will 'technically' belong to the Funder not the Doctor. Therefore, they will not be touched in the event the Doctor gets sued. That is asset protection at work!
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