What can medical factoring do for your business?

Medical receivables factoring provides you with an advance payment based on your medical billing claims. This eliminates the cash flow problems that can be created by slow (30 to 90 days) paying insurance companies, HMOs and Medicare/Medicaid. It provides you with predictable cash flow and enables you to meet on going obligations, such as rent and payroll.

Below is a brief overview of what Dantova can provide:

• We provide funds across US and Canada
• No required changes to the banking relationships
• Financing is a blend of the best features of factoring and asset based lending
• Limited personal guarantees required (only a fraud guarantee)
• No financial statement or tax returns required
• No financial covenant requirements
• No required change to the your existing billing and collections relationship
• No minimum monthly funding requests
• You receive 100% funding – 80% advance on net collections plus 20% when a batch closes (minus any discount fee)
• Very competitive rates many times less than those offered by typical medical and commercial factors
• Ability to fund both current and past (as far back to 270 days to the bar date) third party payor A/R
• Establishment of a purchasing fund line that is 3 – 4 x your current net collections
• The whole process is HIPAA compliant
• A due diligence process that takes approx. 15 business days

Contact our Agent today!!

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