Medical Financing

Medical Electronic Payment Advance (MEPA) is a quick and easy way for medical and health professionals to secure short-term working capital without taking personal risk. Less expensive, less cumbersome and less restrictive than standard receivable financing alternatives.   A working capital alternative to accounts receivable financing and traditional loans.   Based on practice or facility’s historical monthly collections including co-pays, and insurance receivables.   A lump sum payment option with an average collection period ranging from 4-12 months.   A less expensive alternative to equipment leasing.  (Good credit, collateral, and personal guarantees not required.)   MEPA is an upfront, lump-sum cash payment whose repayment is based on the collection of a fixed percentage of a practice or facility’s future electronic payments including co-pays and third party receivables including insurance. “Could your practice run more efficiently if it had $50,000-$100,000 of immediate working capital available to it?”   “Have you ever considered a working capital line, loan or factor to help finance your practice’s current cash flow needs?”   “Would you consider securing immediate financing for your business if it did not encumber your personal assets?”   If you’ve answered “yes” to any of these questions than MEPA may be a perfect solution for your business.

How does MEPA compare to Medical Accounts Receivable Financing?

Medical Factoring/Medical Receivables is a type of asset-based lending, when a company uses its customer receivables as collateral. A receivable is an invoice outstanding to customers who owe the business for payment for product/services the business delivered. Costs an average of 3-5% per MONTH of the amounts borrowed. (Also referred to as “factoring”) MEPA is a less-expensive alternative to factoring and is a perfect solution if your invoices are aged more than 90 days (which factors generally do not accept).

MEPA Advantages:

No personal guarantee on repayment for normal course of business   No fixed payments or maturity date   Not encumbering personal assets for business related expenses   Not credit score or cash flow analysis based   No fees, closing costs, reviews or audits   Let unknown future sales pay for cash today

A sample of the medical practitioners we serve include:

Dental practitioners Chiropractic practitioners Orthodontics Elective surgery practitioners And most other medical healthcare professionals