Need Cash For Your Healthcare Business?
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If you’d like to know if ProMED’s HCA or Loan solutions might be right for your business, a brief amount of information is enough to get started. Your information is confidential and there’s no obligation.
Businesses that represent the best fit for our product include:
Medical facilities who receive regular Medicare EFTs and insurance company electronically. Examples include but are not limited to ambulatory or surgicenters, imaging centers, emerged care clinics, medical parks with multiple specialties and pharmacies.
Practitioners that perform procedures and accept GE Care Credit and other forms of patient financing as payment from customers. Examples include but are not limited to dentist, aestheticans, plastic or cosmetic surgeons orthodontics and veterinarians.
Companies who use a billing company to collect payments from their customers (in any industry).
With a Healthcare Cash Advance, ProMED provides fast working capital exclusively to businesses in the healthcare sector. In as little as three business days, you can receive capital for anything your business needs.
Unlike typical cash advance lenders who only consider credit card receipts, ProMED understands that as a healthcare business credit card sales only constitute a tiny portion of your overall revenue. That’s why when qualifying for a ProMED Healthcare Cash Advance, the amount your business is able to receive is based on your historic volume of insurance receivables as well as credit card receivables. By considering insurance receipts from any private or government insurance provider, including Medicare and Medicaid, we can offer substantially larger financing amounts with a much lower cost of capital than other traditional cash advance lenders.
Instead of taking a fixed daily, weekly, or monthly amount, repayment occurs through collection of a predetermined, fixed percentage of future insurance receivables. We only get repaid as you’re repaid from any or all of your insurance processors.
Our approval process is painless. All we need to determine how much you qualify for is a one page application and your four most recent months of bank statements, both of which can be submitted online. We’ll determine which insurance types it makes sense to use as a repayment method and what percentage of those insurance types we’ll hold back to repay the financing. Within a few hours we’ll provide a completely free, no-obligation quote for your consideration.
Our primary goal is to help your business grow. After discovering the speed and ease of acquiring additional funds, the majority of our clients decide to renew. We may be providing short-term financing, but we also strive to be your long-term partner in improving your business’ cash flow.