Do you know about - Medical Receivables Factoring vs. Healthcare Factoring
Medical Staffing Agencies ! Again, for I know. Ready to share new things that are useful. You and your friends. What I said. It is not outcome that the real about Medical Staffing Agencies . You see this article for info on a person want to know is Medical Staffing Agencies .How is Medical Receivables Factoring vs. Healthcare Factoring
Medical Receivables Factoring vs. Healthcare Factoring Video Clips. Duration : 2.98 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Medical Staffing Agencies . I often get asked what's the difference between what PRN Funding does -- healthcare vendor factoring -- and what another medical factoring company does, so today I'd like to explain the differences between healthcare vendor factoring, or healthcare factoring, and third-party med receivable factoring. So, what PRN Funding does is factor the receivables of vendors who sell to medical providers Basically, these vendors are owned by a business owner who has some sort of service-oriented business within the healthcare industry, and they're billing a medical provider directly -- there's no third party payer involved. Examples of these healthcare vendors include medical transcription companies, nurse staffing agencies, allied health staffing agencies, outsourced medical billing or medical coding companies, or even medical supply companies -- all of these are examples of healthcare vendors that PRN Funding factors on a daily basis. And what happens is these entrepreneurs bill medical providers like hospitals, nursing home, physicians' offices, and it takes these providers weeks or months to pay back the vendors for their services. So PRN Funding comes in and purchases the invoices, and advances cash right away, so these healthcare vendors don't have to wait to be paid. Now on the other hand, there's 3rd party medical receivable factoring, or just called medical factoring, and this is when the 3rd party payer is introduced into the invoicing process. Basically a medical provider ...
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