Looking for a Steadier Source of Working Capital?
Don’t let slow-paying customers keep you from serving your patients. PRN Funding’s Pennsylvania home healthcare factoring program will give you the security you need to thrive. Home healthcare factoring is a business-friendly alternative to traditional financing. By selling your invoices to PRN Funding, you will gain access to immediate cash that you can use to meet your everyday expenses, such as payroll and operating costs, as well as to begin working with new patients and agencies. The homecare factoring process is easy, and you can do it as often as you need to maintain a steady flow of working capital.
How the Invoice Factoring Process Works:
- Submit your invoices and time sheets for home healthcare provided to PRN Funding
- We will verify your invoices and advance you up to 90 percent of their value within 24 hours of receipt
- Continue providing work and billing your patients while we wait to collect
- When your customers pay their open invoices, we will send you their remaining value minus a small factoring fee
Why Choose Healthcare Factoring to Fund Your Pennsylvania Home Care Agency?
Pennsylvania home healthcare factoring is an option for home care agencies providing short- or long-term care to older and disabled patients, as well as those with chronic illnesses or in need of in-home rehabilitation. We understand the intricacies of securing payment from the various Commonwealth agencies that contract your services, and we will assume the collections burden so you can focus on developing other areas of your business. Qualifying is easy:
We can approve companies with little or no credit history, as long as you are working with established debtors and guarantee the accuracy of your invoices. Get started in as little as 3 to 5 business days with our expedited due diligence process! Because you are not taking out a loan, there is nothing to repay with home healthcare factoring. Use the cash you receive to invest in any area of your business, from transportation to assignments to providing healthcare to your employees. There are no minimum or maximum amounts to factor, and as your business grows so does the amount you can factor! You are in control of your company’s cash flow needs.
PRN Funding has more than a decade of experience funding home healthcare agencies in PA and beyond. If you choose to begin a Pennsylvania home healthcare factoring program with us you can take advantage of our expertise and total commitment to client support, and rest easy knowing that your medical receivables are in good hands.