Funding & Factoring Services


WHAT SHOULD YOU CHOOSE:   TIME OR MONEY??

 

THE “VALUE OF MONEY” IS EASY TO QUANTIFY, BUT IT IS “MUCH HARDER” TO PUT A VALUE ON THE “AMOUNT OF TIME” THAT WOULD BE LOST WITH THE COLLECTIONS OF AGED ACCOUNT RECEIVABLES, AND WAITING 1-3 YEARS TO COLLECT “PARTIAL PAYMENT” OR RISK HAVING “NO PAYMENT” …

 

THE LONG DELAY BETWEEN THE TIME YOU PERFORM A MEDICAL SERVICE AND THE TIME YOU ARE ULTIMATELY PAID, MAY CA– USE MAJOR WEAKENING IN YOUR BUSINESS CASH FLOW.

 

OGRATIS ENABLES YOU TO GET THE HIGHEST PAYOUT IN THE INDUSTRY FOR YOUR ACCOUNT RECEIVABLES WITH SEVERAL OTHER ADDITIONAL BENEFITS

Medical providers and large healthcare organizations accumulate large portfolios of accounts receivables due to the nature of insurance company reimbursements, and especially AUTO account receivables, where auto insurance companies will do everything in their power to delay, deny, reject, and not pay medical bills timely.   These portfolios are non-liquid assets that take months or years to collect yet cost your practice or facility monthly fees to maintain billing status, follow ups, collections and tracking efforts, etc.   If these accounts are turned over to a collection agency even more costs are incurred, and risk increases.

Ogratis medical accounts receivables’ funding & factoring will free up working capital fast for more productive use of your cash-flow such as increasing staff productivity, purchasing new equipment, expanding practice locations or minimizing a financial set-back, while improving your overall profits, revenue cycles, operational cost, investment opportunities, etc.

Ogratis can help you grow, be profitable, and surpass your financial goals without wasting so much time.   With Ogratis funding & factoring, you will receive cash-flow solutions that will help provide enough working capital for your organization to grow further.   When you have limited access to financing, we can enhance your financial flexibility by increasing cash flow to assist with your short-term or long-term financial strategies, goals, and objectives.

Accounts Receivable Funding & Factoring

 

Accounts receivable factoring (or accounts receivable financing/funding) is a popular form of funding for healthcare providers, organizations, hospitals and systems that need to close the gap between slow or non-paying customers and having cash for other expenses, like buying new equipment for example.

We can help purchase your invoices in order to advance a portion of the invoice, within days (not months) to close that gap and keep your cash flow optimal.

The process is simple:

  1.  Serve your customers like usual.
  2.  Submit your invoices.
  3.  We will verify the invoice.
  4.  You will be advanced the cash.


Secure the Funding You Need, When You Need it Most

 

It’s no secret that slow-paying customers (specifically auto insurance companies) can strain your cash flow and increase your risk dramatically.

Any small business owner, or large enterprise CEO/CFO, knows that waiting for customers to pay invoices while trying to cover expenses and payroll is frustrating and not healthy for long term viability, regardless of your business size.

It’s even worse if outstanding receivables are holding your business back from taking on new opportunities (whether you plan to purchase more real estate, build a new practice, purchase new equipment, or even perform personal investments).

Accounts receivable factoring/funding is a simple way to get paid faster (typically within 3-5 business days for outstanding/aging receivables), and mitigate your risk and exposure to cash flow challenges.

We can help you with flexible accounts receivable factoring/funding solutions for both start-ups and long-established companies.


Why is Accounts Receivable Factoring and Funding Desirable?

 

Also known as accounts receivable financing, factoring is a transaction which involves selling receivables to a factoring company.   The receivables factoring company pays the business owner (you) the value immediately.   Then, the factor is paid by your customer.

Factoring receivables is used to smooth out the gaps in your cash flow caused by slow or resistant payers.   It’s a debt-free way to get paid sooner by unlocking the cash tied up in unpaid invoices.

Since it’s not a loan, there is nothing to repay. Rather than waiting 6+ months for payment, factoring accounts receivable with us can help your business get paid immediately for goods and/or services you’ve already provided.

 

The Benefits of Factoring/Funding Your Medical Accounts Receivable via Ogratis

 

Accounts receivable factoring features a number of benefits that can help you streamline operations and make your money go further.   Far more than a simple financing option, factoring is a total-business solution.    You will work with a dedicated account manager who is committed to helping your business grow and has the expertise to assist you every step of the way.  The many advantages of receivables factoring include:

 

Unlimited Funding Potential

Unlike a traditional bank loan, accounts receivable factoring companies do not offer a fixed credit line. Instead, as your sales increase so does your access to immediate working capital.

 

No Monthly Minimum or Maximum Amounts

You do not have to factor a set dollar amount each month to keep your account active.   Factor as much as you need, as often as necessary to maintain sufficient cash flow to cover your operating costs.

 

Qualify for Prior Financial Difficulty

Another significant edge that accounts receivable factoring holds over traditional lending options is its accessibility by companies with poor or unestablished credit.   Even if you are just starting up or have encountered previous financial issues you can still be approved for a competitive accounts receivable factoring program without pledging collateral – or even adding any debt to your balance sheet!

 

Administrative Support

Most companies devote a large portion of their time and working capital to handling back office functions, from collections to vetting new and current customers.   Depending on your industry, this investment could vastly reduce the resources you are able to devote to your core functions and make it difficult to grow.  Factoring receivables allows you to enlist your factoring company’s help with a number of these administrative tasks, eliminating overhead and freeing you up to focus on growing your business.   Back office support may include any or all of the following:

  • Collections calls
  • Invoice management
  • Credit and background checks for current and prospective customers
  • Dedicated account reporting
  • And more

Ogratis Advantage

 

 With Others – be aware

 
Fund only the invoices you want

 
Must factor all your invoices

 
No reserves, no minimums

 
Reserve and volume requirements

 
Rebates distributed the same day

 
Rebates distributed once a month

 
Informed accounting and reporting

 
Must mail or fax original invoices

 
Use as long as you like

 
Long-term lock-in, termination fees