Working Capital for Medical Billing Services
Medical billing companies get paid on a percentage of what they collect for their healthcare clients, which means payroll and software costs often come due before claims are fully reimbursed. Paz Funding Source gives medical billing businesses working capital to cover staffing and technology between collection cycles.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so medical billing services never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Revenue is typically a percentage of collections, so a billing company's own income lags behind the insurance claims and patient payments it is still working to collect for clients.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Onboarding a new healthcare provider client often requires weeks of setup and data migration work before that account starts generating billable revenue.
One approval, draw what you need, and return for additional funding as your medical billing services business performs. Denied and delayed insurance claims stretch out the collection timeline, which in turn stretches out how long a billing company waits to get paid its own share.
Bring on billing specialists and coders to support a growing client base.
Fund the practice management and billing software a modern billing operation depends on.
Cover the setup costs of bringing on a new healthcare provider account before it becomes billable.
Yes, working capital can cover payroll and operating costs while claims and client collections are still being processed.
No, Paz provides business funding only; billing compliance and coding guidance should come from a qualified professional or your certifying body.
Most medical billing businesses qualify for $15,000 to $150,000, based on monthly revenue and time in business.
Paz funds medical billing services from $2,500 to $5,000,000. Most medical billing services qualify for $15,000 - $150,000, based on monthly revenue and time in business rather than collateral.
A US business that has operated for at least six months with $10,000 or more in monthly revenue, your last three months of bank statements and your EIN. The application takes about five minutes, and there is no hard credit pull to get pre-qualified.
Medical Billing Services funding, approved in as little as 24 hours