Finally...a way to capitalize on your
success and Cash flow
Medical receivables are becoming the
priority for any medical practice. Today's medical providers are faced
with greater challenges than ever before. An evolving economy, spiraling
practice costs, and greater demands on cash flow. No longer can
healthcare professionals depend on efficient operations alone to secure
a successful practice.
Receiving full reimbursement for services
is more difficult than it was last year. And current projections show
that the worst is yet to come. Under current insurance system, a myriad
of complex Medicare and other insurance regulations and paperwork has
engrossed today's medical practice.
This has resulted in
perpetual problems in cash flow due to delays in receiving insurance and
Medicare payments. This situation has been further magnified with
obstacles like increased intervention and restrictive banking policies.
Thus it has never been more imperative that bills are collected on time.
An
Innovative Approach to improved Cash flow
First Capital Funding Corporation (FCFC),
Medical Receivable Financing Division was established for the sole
purpose of purchasing accounts receivables from medical providers. FCFC
acts as the exclusive Administrator and funding coordinator for several
different funds of money.
First Capital Funding Corporation, medical
receivable financing was devised to provide funds to a much needed
field. The medical field. By advancing funds which are due to the
physician, FCFC is able to significantly enhance a practice's cash flow.
First Capital buys the receivables of physicians, physician networks,
ancillary care facilities, and virtually all healthcare providers who
submit an application form.
First Capital is a comprehensive company that
delivers what you really need:
CAPITAL
BILLING EXPERTISE
CONTROLLED COSTS
Its our business to help your business
grow. As a FCFC client we invite you to capitalized on our resources.
We'll help you obtain a Medical receivable financing program that will
purchase your accounts receivable so you have cash to expand, retire
debt or take advantage of trade discounts. FCFC will act as your
accounts receivable department and supply you with the initial funding
and weekly pre-funding of your receivables. FAST, EASY without the usual
problems and headaches and delays associated with traditional financing.
Its the professional financial relationship that results in guaranteed
cash flow. In addition to receiving the cash you need, when you need it,
you can expect expertise in office efficiency, electronic billing,
tracking and collections.
FIRST CAPITAL FUNDING's knowledge of the health care industry is
supported by its team of professionals which combines expertise in
banking, financial management, administration, governmental agencies and
claims management.
FIRST CAPITAL FUNDING is dedicated to solving financial problems and
strengthening the stability of health care providers. We provide
immediate cash and restore predictable cash flow.
MEETING YOUR
SPECIFIC NEEDS
The typical First Capital Funding
client is seeking $50,000 to $4,000,000 per month. depending on the
needs of your business, we commit ourselves to purchasing to a specified
level of invoices, on a monthly basis, over a given period of time.
The advance rate (the percentage of each invoice that we initially fund)
depends on your company's unique financial need and your customer's
standing and can be adjusted as your needs change.
HOW DOES THE
PROCESS WORK?
The process is simple. A due diligence
review is performed to determine how much the physician or healthcare
organization is actually owed. Typically a medical company will be
advanced up to 85% of the money he/she is eligible to receive even if
the physician is owed several millions of dollars. This amount is called
the Net Collectable Amount or Net Realizable Amount. We will arrange the
funding of up to 85% of that Net Collectable amount within 48 hours. The
remainder 15% of the receivable minus a service fee (typically 1-6%) is
paid to the physician after the money is collected from the insurance
companies. Another words, you get 100% of that Net Collectable Amount or
Net Realizable Amount minus reserves and funding fee.
Not sure about some
of the medical financing terminology? Check the Medical glossary.
DO YOU WANT
TO APPLY?
Funds Available Now!!!
The process is simple. Simply download
the two (2) page Application form, print it and fill it out at your
convenience and Fax it to 305-704-3879. Or fill out our
online
application. After we received your completed application together with
a summary age trial balance you are within 10 days of receiving your
first funding.
First Capital Funding's medical receivable financing program is geared
to create a partnership with the future of the medical industry and to
help providers deal with the many challenges of the financing arena.
Managing receivables is one of the greatest challenges facing the health
care industry today. First Capital Funding''s medical receivable
financing program goal is to make this challenge less daunting and less
expensive for health care providers. We will achieve this goal by
combining the highest levels of technology and human resources.
