
Most home healthcare providers weren't started by experienced entrepreneurs. They were started by nurses and caregivers who were providing excellent care while earning additional income. Over time, what began as a few extra hours often became a real business — with employees, payroll, and growing responsibility.
Many owners never planned to become business executives. They simply found themselves running a growing company.
We walk you through how factoring works, when it makes sense, and what it costs, so you can decide whether it's the right solution for your business.
We want to understand your biggest cash flow challenges and concerns and see if factoring is right for you. We'll discuss who your customers (payers) are, your monthly billing, and your billing cycle - from submitting your invoice until payment is received.
We'll help you determine how much you may want to factor each month based on your cash flow needs. Whether it is all of your receivables or just a select few, you decide how much to factor. We'll also discuss your factoring fee, which is generally based upon the dollar amount of invoices you anticipate factoring each month, the creditworthiness of the payer, and the length of time it typically takes to be paid.
If you decide factoring is a good fit, we'll guide you through the next steps and help get your account set up. New accounts are usually funded within two business days of approval. If you decide that factoring is not right for you, it will have cost you nothing.
We've learned a lot from working with home healthcare providers over the years - from staffing challenges and taking on additional work from existing clients to evaluating new opportunities - and we're ready to share that experience with you.