Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Invoice Factoring Group Expands Medical Factoring ProgramInvoice Factoring Group announces expansion of its medical factoring financing programs to accommodate increasing demand for financing by medical industry.
By: Marco Terry "Although the medical field is growing quickly, medical providers still get paid slowly. This creates cash flow problems that affect the business," said Marco Terry, Managing Director at Invoice Factoring Group. "our medical receivables factoring program helps correct this problem, enabling medical providers to focus on growing their business." he added. The medical factoring program can help these companies by providing an advance on their slow paying claims. This helps bridge the gap between invoicing for a claim and payment, strengthening the providers cash flow and enabling them to meet their business obligations. More information about the medical factoring program can be found at: http://factoring.qlfs.com/ The medical industry has experience substantial growth in the past few years. However, rapid growth has been tempered by slow payment from insurance companies. Most medical providers, diagnostic centers, treatment centers and DME's have to wait up to 70 days to get their claims paid. In the meantime, they need to cover current business expenses, to operate the business. This can create an unsustainable situation that drains their cash reserves and can affect their ability to stay in business. Medical factoring is one solution that can help the medical industry professionals with their cash flow problems. For more information, please call (866) 730 1922 or visit http://factoring.qlfs.com # # # Invoice Factoring Group is a leading factoring company that works with small and medium sized companies with their cash flow problems due to slow paying commercial or government customers. End
| |||||||||||||||||||||||||||||||||||||||||||||
