14/07/2019
Invoice discounting is a receivable finance solution that allows customers(hospitals, pharmacies, small clinics etc.) to finance their slow-paying medical claims. With healthcare invoice discounting, medical companies can continue to save lives without having to worry about limited cash flow.We directly connect customerswith financiers(banks/ private firms)willing to lend against the invoices payable by various insurance companies. Finance can be obtained on insurance invoices that are due within 30 to 150 days and customers can get up to 75% - 80% of the outstanding receivables. The remaining 20%-25% is released once the claim is paid by the insurance company (minus any rejections& finance fee).Funds can be received within 48 – 72 hours at rates starting from 0.8% per month.
