Accounts receivable factoring for home health care companies ensures that your business will have immediate cash available to fund overhead, payroll, taxes, and other operating expenses. Aside from these benefits, accounts receivable factoring can help your home health care agency spend less money on various administrative tasks, ranging from billing to collections. Why wait for your customers to pay? Fill out our contact form online to take advantage of accounts receivable factoring for your home health care company today. Contact PRN Funding at 866.886.9466.

1. By PRN Funding

2.  When waiting for payments from clients,
home health care companies face the threat of
developing an irregular cash flow. Operating a
business on a sporadic cycle, where cash doesn’t
come back into your company in a predictable
manner prevents your company from reaching
its goals. You can’t create any real growth
because you don’t know when cash will be
coming in or not.

3.  Faced with tough cash flow challenges due to
slow-paying customers and high expenses,
home health care businesses may look to
other forms of financing. But lending from
financial institutions can cause your firm to fall
into debt because of high interest rates. Not to
mention, any financial blemishes may cause
your company to be denied for bank funding.

4.  Accounts receivable factoring gives your home
health care agency the cash it’s been looking
for without the debt or harsh requirements
that accompany traditional lending. We
purchase your overdue invoices and exchange
them for a cash advance equal to that invoice
amount. That means that you’ll have cash in
hand and be ready to make the financial
changes you need now, not later. No more
waiting 30, 60 or 90 days for payment.

5.  Accounts receivable factoring doesn’t just give you cash, but
it brings extra benefits as well that will give your home health
care company the advantage it’s looking for. Factoring benefits
include:
-High Advance Rates -Industry Expertise
-Funding within 24 hours -No Accumulated Debt
-Ability to Cover Payroll -No Long-Term Contracts
-Create Growth -Low Affordable Fees
-Flexible Factoring Options

6.  Give your home healthcare company the
advantage it needs with accounts receivable
factoring.
 If you’re ready to begin home healthcare
factoring, then contact PRN Funding today. Call
us at 216-504-1000 and visit us at
http://www.prnfunding.com/.