Hospitals and pharmacies across the United States sit on the verge of filing bankrupsy. With insurance companies and government healthcare agencies taking up to four months to pay on claims it's no wonder why bankrupsy looms over many healthcare related businesses. With virtually no way for hospitals, doctors or pharmacies to speed up the payment process they're left to sit and wait for payment, sometimes indefinitely.
"This is a nationwide problem, one that needs to be addressed immediately" says David Rupe, CEO of Source Funding Group.
"I've worked in the technology sector of healthcare for nearly five years. As an employee of one of the worlds largest pharmaceutical distributors I've seen numerous pharmacies close their doors because of this problem. When i originally founded Source Funding Group i knew first hand i could help doctors, pharmacies and hospitals in these situations, but the market temporarily drove my company in a different direction. Now that the dust has settled, so to speak, i want to concentrate on my original intention for founding Source Funding Group and that's to help these healthcare providers survive."
Source Funding Group has partnered with Sun Capital, an industry leader in medical receivables financing to provide this new service. "We think our knowledge of the healthcare industry and Sun Capitals expertise is the right relationship to have in order to service our clients in a fast and efficient manor. We are certain our clients in this area will be very pleased with this financial service."
Medical receivables financing, a process that used to take six to eight weeks has been cut down to ten to twenty one days. A significant improvement that allows healthcare providers to get the cash they need much faster.
If your business is billing insurance companies or the government this is a great way to speed up the payment process.
To further inquire about medical receivables financing for your healthcare related business contact one of Source Funding Group's certified consultants for a free, no obligation consultation at www.sourcefunding.net.