Vast
Fundings Medical Receivable Factoring Division was
established for the sole purpose of purchasing accounts
receivables from medical providers. Vast
Funding acts as the exclusive Administrator
and funding coordinator for several different funds
of money.
Vast Fundings medical
receivable financing was devised to provide funds
to a much needed field. The medical field. By advancing
funds which are due to the physician, Vast
Funding is able to significantly enhance a
practice's cash flow.Vast Funding buys the receivables
of physicians, physician networks, ancillary care
facilities, and virtually all healthcare providers
who submit an application form.
Its our business to help your business grow. As a
Vast Funding client we
invite you to capitalized on our resources. We'll
help you obtain a Medical receivable financing program
that will purchase your accounts receivable so you
have cash to expand, retire debt or take advantage
of trade discounts. Vast Funding
will act as your accounts receivable department and
supply you with the initial funding and weekly pre-funding
of your receivables. FAST, EASY without the usual
problems and headaches and delays associated with
traditional financing. Its the professional financial
relationship that results in guaranteed cash flow.
In addition to receiving the cash you need, when you
need it, you can expect expertise in office efficiency,
electronic billing, tracking and collections.
Vast Funding's knowledge
of the health care industry is supported by its team
of professionals which combines expertise in banking,
financial management, administration, governmental
agencies and claims management.
Vast Funding is dedicated
to strengthening the stability of health care providers.
We provide immediate cash and restore predictable
cash flow.
MEETING YOUR SPECIFIC NEEDS
The typical Vast Funding client is seeking $10,000
to $4,000,000 per month. Depending on the needs of
your business, we commit ourselves to purchasing to
a specified level of invoices, on a monthly basis,
over a given period of time.
The advance rate (the percentage of each invoice that
we initially fund) depends on your company's unique
financial need and your customer's standing and can
be adjusted as your needs change.
HOW DOES THE PROCESS WORK?
The process is simple. A due diligence review is performed
to determine how much the physician or healthcare
organization is actually owed. Typically a medical
company will be advanced up to 97% of the money he/she
is eligible to receive even if the physician is owed
several millions of dollars. This amount is called
the Net Collectable Amount or Net Realizable Amount.
We will arrange the funding of up to 97% of that Net
Collectable amount within 48 hours. The remainder
3% of the receivable minus a service fee is paid to
the physician after the money is collected from the
insurance companies. In other words, you get immediate
cash of up to 97% of your invoices, and 100% of that
Net Collectable Amount or Net Realizable Amount minus
reserves and funding fee once we collect on the invoices.
If you have any questions about factoring or want
to geta quick quote please fill out our short form
and a Vast Funding Representative will contact you
very shortly.
Vast Funding specializes in Medical Factoring Accounts
Receivables.
