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| Allied Financial Connection |
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| Medical Receivables |
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In today's healthcare lending environment it is often difficult, if not impossible, for healthcare providers to secure necessary funding. Allied Financial Connection recognizes this and specializes in funding even the most challenging of transactions. We provide capital to healthcare providers nationwide including doctors, medical practices, nursing homes, hospitals, home healthcare companies, rehab clinics and others with our Working Capital, Acquisition and Accounts Receivable Financing Programs.
We know providers need flexibility and understanding from their financial partners, as well as a firm commitment. We know that you want more for your money: more dollars in the initial funding, fewer restrictive loan covenants, and more competitive pricing. We finance healthcare clients whose funding needs range from $50,000 to $100 million. Our standard of service and knowledge of the healthcare industry is unmatched by commercial banks or other finance or factoring companies.
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Qualifying Account Types The types of accounts receivable that we fund are account receivables which are generated by a healthcare service company and are due from third party payors which include the following categories: Medicare, Medicaid, Commercial Insurance, Private Insurance, HMO/PPO, and Managed Care. The average time to collections for most of the Accounts Receivable that we fund range from 90 - 120 days (we will also consider receivables which collect in longer time periods).
We also fund accounts receivable where the payors are actually healthcare facilities themselves, such as a nursing home or a hospital, whereby the healthcare provider client is contracting to provide its services to the healthcare facility. Other types of accounts receivable that we will consider funding but are not our "bread and butter" type of receivables include the following: personal injury, no-fault, and worker's compensation.
We presently do not fund accounts receivable that are owed by patients directly (also known as self-pay). In addition, we do not fund certain types of longer turning worker's compensation, personal injury, or no-fault accounts receivable.
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Among those enjoying the AFC benefits are:
- Physicians, including: General Practitioners, Specialists, Chiropractors, Surgeons, Anesthesiologists, Optometrists, Podiatrists, and many more
- Associated Physician Groups
- Acute Care Hospitals
- Out-patient Facilities & Clinics
- Rehab Centers
- Medical Labs
- Medical Staffing Services
- Skilled Nursing Facilities
- Home Health Care Providers
- Physical Therapy Groups
- Physical Therapy Clinics
- Dialysis Facilities
- Specialty Hospitals
- MRI Centers
- Pharmaceutical Manufacturers
- Pharmacies
- DME Companies
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