The Financing Solutions Your Healthcare Business Needs
Healthcare providers face many financial challenges in the modern age, from the aging Baby Boomer generation, increasing demand for medical service, longer payment cycles, lower reimbursement rates, and more difficulty in accessing credit, especially for Medicare and Medicaid receivables. Utilizing accounts receivable financing can accelerate a health care provider’s cash flow and get your business the capital you need to grow and compete.
All kinds of healthcare businesses can make use of these financing solutions, including ambulance services, clinics, home health, hospitals, radiology, medical equipment suppliers, nursing homes, orthodontics, pharmacies, physical therapy, physicians, sleep centers, surgery centers, and labs.
Insurance Receivables Financing
Accounts receivable often make up a significant portion of a healthcare business’s assets. Due to increasing patient deductibles and copays, insurance receivables are going up. The average time to get paid on healthcare receivables is 50 to 60 days.
Speritas Capital can arrange commercial financing for private pay and for Medicare and Medicaid receivables which are difficult to finance. We work with lenders that specialize in healthcare receivable financing and can provide loans and lines of credit from $50,000 to $10 million.
These funds can cover a number of your business needs, including:
- Working capital
- Growth capital
- Personal expenses
- Debt consolidation
- Facilities and operations
Medical Equipment Leasing
Purchasing equipment for your practice can be a big drain on your capital. That’s why we offer flexible equipment financing options tailored to the healthcare community. Financing of new and used equipment up to 100% of cost can take the pressure off of your cash flow and capital.
Healthcare Practice Acquisition Loans
When you are looking to buy a practice, we have several loan options that can finance your acquisition and give you the financial flexibility to focus on your new business. SBA loans can be a good option. The review and application process is simple and quick.
You need a strategic, cost effective solution to your financing needs and a funding partner you can trust. Let us put our decades of banking and structuring experience to work for you – contact Speritas Capital Partners about financing your healthcare business today.