PRN Funding Awarded for its Commitment to the Medical Transcription Industry

July 13, 2022
Phil Cohen

Chicago, IL-At the conclusion of the 17th Annual Medical Transcription Industry Association’s (MTIA) Conference, PRN Funding, LLC was honored for its dedication to the medical transcription industry when it was presented with the Circle of Commitment Award.

PRN Funding was honored as an inaugural member of the Circle of Commitment on Friday, April 7.The award was created to recognize companies that have demonstrated ongoing, sustained support of the medical transcription industry.

Founded by a former transcription service executive, PRN Funding has a precise understanding of the unique challenges of the medical transcription industry-more specifically the intricacies of receiving payment from hospitals and medical clinics in a timely manner.PRN Funding provides working capital to medical transcription service owners (MTSOs) to fill the financial gap between when they invoice for their services and when they receive payment from their customers.

With years of experience in health care services, PRN Funding has a precise understanding of the unique challenges within the demanding business of serving vendors to healthcare institutions.PRN Funding offers financial resources to these companies by purchasing their accounts receivable–a process known as “factoring,” which provides the cash needed to sustain and grow a healthcare business.


About the Author

Phil is the owner of PRN Funding and sister company Factor Finders. He has been an authority in the factoring industry for over 20 years, serving on the board of directors for several factoring associations.

Learn more about Phil Cohen