Increased expenses, such as malpractice insurance costs and the current squeeze on profits make medical staffing service accounts receivable financing a must.  The medical accounts receivable financing program provides immediate cash which can be used for advertising, inventory, staffing, to correct cash flow problems, expansion, to improve credit rating, take advantage of cash discounts, modernize facilities, etc.

• Medical staffing service management knows that managing accounts receivable is one of the greatest challenges they face.  
• Medical staffing accounts receivable are usually by far the largest asset shown on the balance sheet, yet these dollars are often unavailable for long periods of time.
• Due to the long process associated with reimbursement from third party payors, the need for medical staffing service accounts receivable financing has significantly increased.
• The program allows the medical staffing service to attend to more pressing matters; such as the welfare of the patient.
• Our financial sources purchase receivables of rated health insurance companies and governmental agencies throughout the United States. They do not purchase worker’s compensation, personal injury, or self-pay receivables.
• Our lender’s program is not a loan: and unlike a loan, the sale of receivables creates no additional debt to the balance sheet. It allows you to obtain cash for a large portion of your receivables in a timely manner.
• There is an advance of up to 80% of the estimated net medical staffing accounts  receivable.
• The lender’s monthly service fee is a flat fee that is deducted from the remittances – this fee is based upon numerous factors including average turn around time, average claim size and overall account size.
• Our lending sources do not charge: application fees, credit report fees, due diligence fees, posting fees, claim processing fees, wire transfer fees, or analysis fees, etc.
• The medical staffing accounts receivable financing process proceeds quickly.  After receiving a completed application package a Letter of Intent will be issued usually within 2-3 business days.
• The initial medical staffing service accounts receivable financing can take place usually within 3-5 days of the due diligence visit.

Contact Barclay Associates TODAY. Turn your medical accounts receivable into needed cash.