Medical factoring is a financial transaction in which a healthcare provider sells its medical insurance accounts receivables (insurance remittances) at a discount to a financing company. Medical invoice factoring is very straightforward. However, many factoring companies will try to confuse or mislead by offering you a low discount rate (factor fee) and adding additional fees into their […]
The COVID-19 pandemic isn’t just a danger to human wellbeing, but also to the economy. For some individuals, the effect has been terrible as occupations have been lost and organizations have shut. For the HealthCare industry, the impacts have been less obvious. Health Care Providers have either been helped or hurt by COVID-19. How US MED Capital is Coping US […]
7 basic steps to medical practice revenue cycle starting with deploying RCM software or outsourcing the work to a third party, authorizing patients prior to service, determining patient eligibility and benefits, submitting claims, dealing with posted payments, managing denials and generating reports. It should become clearer that having a process in place for revenue is […]
The standard allows providers to request that claims payments be made using EFTs instead of paper checks–that is, electronically transferred from the insurer to the provider’s bank account via ACH, similar to direct deposit. Health plans are required, by law, to comply. Converting to EFTs via ACH can result in substantial cost and time savings […]
Medical Practice and Healthcare Business Loans designed for doctors and healthcare professionals your business needs capital to ensure that you can get the best equipment, hire new staff, or even expand to a bigger better location. Grow your medical practice or healthcare business Augment Cash Flow Advertising & Marketing […]
