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Archive September 2024
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Navigating Cash Flow Challenges for Medical Providers: How Factoring Provides a Lifeline
By: Ben Rutkevitz - Alleon Capital Partners LLCwww.alleoncapital.com
Medical providers face a unique set of financial challenges that can significantly impact their operations and ability to provide quality patient care. Unlike many other businesses, medical providers often deal with delayed payments from insurance companies and government programs. This lag can create substantial cash flow issues, making it difficult to manage day-to-day expenses, invest in new technologies, and maintain a high standard of care. Factoring, a financial strategy where businesses sell their accounts receivable to a third party at a discount, offers a practical solution to these challenges.
Practical Accounting Practices for Companies Using Factoring
- By: IFA
- On: 09/16/2024 12:57:19
- In: Factoring 101
- Comments: 0
www.myboyum.com
Factoring can be a game-changer for businesses looking to improve their cash flow. By selling receivables to a factoring company, businesses can access immediate funds without waiting for customers to pay their invoices. However, to make the most of factoring, it’s essential to follow some practical accounting practices.
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