Medical Factoring Provides Financing for Medical Suppliers and DMEs

June 06, 2006 (PRLEAP.COM) Health News
(PRLEAP.COM) Miami, Florida – Medical supply companies and Durable Medical Equipment suppliers can now breathe a sigh of financial relief, as medical factoring eliminates the painful 60 day wait to get claims paid by Medicare, Medicaid and private insurance plans.

Waiting 60 or more days to get claims paid is a common and painful occurrence in the medical supply industry. This can also wreak havoc in the company’s cash flow. Medical factoring accelerates the payment cycle, eliminating the 60 day wait. This provides the medical supply company with the necessary cash flow to pay suppliers, rent and meet payroll. More importantly, it provides the company with the financing it needs to grow.

“Although the medical supply industry is growing at a nice clip, slow payment cycles are really dragging many companies down,” said Marco Terry, president of Commercial Capital LLC. “Medical factoring provides them with a solution to eliminate slow payment and grow the company to its true potential,” added Terry.

As opposed to bank financing, factoring is really easy to obtain. Most factoring companies base their financing decisions on the strength of the client’s receivables and payers. And since medical supply companies and DME’s usually have very strong receivables, factoring is an ideal product for them. Medical factoring is a great solution for companies whose main challenge is that they cannot afford to wait 60 (or more) days to get paid.

About Commercial Capital LLC
Commercial Capital LLC is a provider of medical factoring and medical receivables factoring to the medical industry. For more information call (866) 730 1922 or go to http://www.ccapital.net/html/medical_factoring.html or go to http://www.ccapital.net

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