HealthcareHealthcare practices and facilities – whether they're medical, dental, rehab or senior care centers – all face a unique cash flow challenge. They rely almost entirely on reimbursements from insurance companies for their livelihood. And, depending on the payor, the delay between providing the service and getting paid for it can be several months.
Yet the practice still has to make payroll, pay for inventory, and invest in the latest critical medical equipment to compete and thrive.
King Capital has the funding prescription for healthcare!If you're facing difficulties covering short-term expenses, consider a King Capital business line of credit. We offer revolving lines of credit up to $250,000 that work like a business credit card. Draw funds from your line whenever you need them – no applications, no waiting for approvals. When you pay back your balance, the funds are available again.
If slow paying insurers are your biggest issue, King Capital can help you obtain invoice/receivables financing to dramatically reduce your payment cycle. You sell your unpaid insurance company invoices to a third party, and get paid in just a few days rather than weeks or months!
Many doctors, dentists and other healthcare business owners rely on King Capital equipment financing to keep their practices on the cutting edge of care. You can typically borrow up to 100% of the amount you need to buy the targeted equipment – up to $5 million per piece. The program is easy to qualify for and easy to repay – low monthly rates are similar to what you'd pay to rent equipment.