Invoice factoring online7/31/2023 ![]() ![]() Receiving cash advances from home healthcare factoring means you do not have to wait on customer payments to fund your business. altLINE Pays Out The Remaining Unpaid InvoiceĪfter payment collection, we deduct our factoring fee (typically 1-5% of your invoice) and transfer the remaining invoice value to your company. If issues arise, our team can resolve disputes professionally to ensure you maintain good business relationships with customers. altLINE Helps Collect Payment For Your Outstanding InvoicesĪltLINE assists your payment collections team by providing a secure lockbox for the money and reporting progress through an online customer portal. The exact timing of your deposit may vary depending on when the customer marks the job as completed. You can generally expect a factoring advance rate of up to 90% of your invoice’s value and to receive the cash advance between 24 and 48 hours of submission to altLINE. altLINE Advances Up To 80-90% Of The Invoice Face Value If your invoice turnover time is between 30 and 90 days, your receivables are well-positioned for factoring. Additionally, we do not factor invoices for customers who frequently dodge repayment. We generally favor invoices for creditworthy customers and established companies. Here is how you can qualify for our home healthcare factoring services: Submit Your Unpaid InvoicesĪltLINE accepts all kinds of outstanding customer invoices for factoring. Instead of waiting on customers to pay, you can use invoice factoring services to get cash whenever you need it. Additionally, factoring home healthcare invoices through altLINE softens the financial blow of late customer payments. How Does Home Healthcare Factoring Work?ĪltLINE’s home healthcare factoring services work by turning unpaid invoices into cash advances to fund your business. Accelerating payments through cash advances gives you the money needed to keep your business financially healthy. Late customer payments and overdue invoices cause cash flow disruptions that can hurt your business. Healthcare factoring provides the cash advance to fund business growth, pay expenses, and meet payroll without sacrificing equity or assets. Access Capital To Grow Your Business While Maintaining Equityīusiness owners often sacrifice equity to fuel growth opportunities, but invoice factoring can set them up for long-term success. This means you can receive up to 90% of your earnings right away instead of in 30, 60, or even 90 days. The best home care factoring companies fund your invoices within 1 or 2 days. Check out how invoice factoring can help you access cash when you need it: Get Your Accounts Invoices Paid In Days, Not Months Home healthcare factoring is a great way to accelerate delayed customer payments and unlock growth capital. Benefits Of Invoice Factoring For Home Health Care Companies Home healthcare factoring is also used to access working capital when you need it, rather than relying on customer payment timelines. ![]() Invoice factoring is especially useful to deal with customer payment delays, reducing your chances of getting negative cash flow that can hurt your business. Home healthcare factoring is when your business sells invoices to a third party like altLINE in exchange for cash advances. Read on to learn how altLINE can improve your cash flow through home healthcare factoring! What Is Home Healthcare Factoring? In this article, we discuss how invoice factoring for home healthcare companies works, its benefits, and how it compares to other financing alternatives. To keep your home healthcare company sustainable in the long run, you need cash to make payments, treat patients, and meet payroll obligations – this is where home healthcare factoring comes in. Sometimes, delayed customer payments can lead to a frustrating cycle of negative cash flow and mounting debt. Unfortunately, the situation is made worse by delayed customer payments that often take weeks or even months. 8 Frequently Asked Questions About Our Factoring ServicesĪs home healthcare providers, it can be tough to juggle back-office operations alongside your medical services. ![]()
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