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Phillip Cohen Articles

Guest post by: Phillip Cohen

Healthcare Staffing Factoring Works For Agency Owners - Click To Read Article
Healthcare staffing factoring is beneficial for growing agencies struggling to make payroll while their clients (medical providers) take weeks or months to pay for their services.

Home Healthcare Factoring: The Right Funding Solution for Your Home Healthcare Agency - Click To Read Article
Instead of waiting weeks or months to receive payments from Medicaid, Medicare, insurance companies and/or private consumers, would your agency rather have your cash immediately? Did a bank recently turn down your business loan application? Are your home healthcare receivables available to be collateralized?

What is Needed to Complete an Initial Nurse Staffing Account Receivable Factoring Transaction? - Click To Read Article
Factoring firms receive all sorts of questions from business owners in regards to their services. From the cost of factoring to the length of time one is required to remain in a factoring relationship, we’ve heard it all.

The Truth about Allied Health Staffing Invoice Funding - Click To Read Article
Invoice funding is a great financing tool for allied health staffing agencies because it bridges the gap between when agency owners invoice a medical facility and when that facility pays. Unfortunately, some allied health staffing business owners are still hesitant to take advantage of all that invoice funding has to offer because of all the misinformation circulating out there. Allow me to debunk some of those myths about allied health staffing invoice funding.

How Home Health Care Agencies Can Qualify for Invoice Funding - Click To Read Article
Gone are the days when a home health care’s agency’s only financing option is a line of credit from a bank. In fact, there are dozens of ways a home health care agency can fund its growing operations. However, one specific option business owners should consider is home health care invoice funding.

Is Home Care Funding Right For Your Private Duty Agency? - Click To Read Article
There are many reasons why a private duty agency would try to qualify for home care funding. However, the most common motive is that they cannot afford to wait weeks or months to be reimbursed by Medicaid or another governmental agency. Without a constant inflow of cash, home care agencies run the risk of not having enough capital to meet payroll, pay vendors or grow their business. Fortunately, home care financing can provide the necessary capital to help struggling private duty agencies maintain a healthy cash flow.

Alternative Financing Options - Home Health Care Factoring - Click To Read Article
2011 will go down in history as the year the big banks stopped lending to small businesses. On the other hand, 2011 will also be remembered as the year alternative lenders came to the forefront of the small business financing industry. Specifically, Credit Unions, Community Development Financial Institutions (CDFIs), Micro Lenders and Accounts Receivable Factoring Firms all said YES to the majority of their small business financing applications while most larger banks repeatedly said NO.

Three Questions to Ask Before Choosing a Medical Coding Accounts Receivable Factoring Firm - Click To Read Article
Selling outsourced medical coding invoices to a factoring firm is a great way for a business owner to ease cash flow tensions. However, if a medical coding service starts working with the wrong factoring company, then it could create a completely different kind of cash flow problem. Here are three questions medical coding company owners should ask to ensure that they find the right account receivable factor for their medical coding service.

How Will My Customers View Temporary Nurse Staffing Account Receivable Financing? - Click To Read Article
When a nurse staffing agency owner is thinking about financing his / her receivables, he / she may worry about how the hospitals, nursing homes and long-term care centers will view the financing arrangement. Furthermore, many temporary nurse staffing business owners are concerned that their customers will view their decision to factor as a indicator that the agency is financially unstable. However, deciding to utilize temporary nurse staffing account receivable financing is actually a positive indication that your nurse staffing business is stable, rapidly growing, and in high demand.

What is Healthcare Staffing Payroll Factoring? - Click To Read Article
Healthcare staffing payroll factoring is the conversion of accounts receivable into cash by selling outstanding invoices to a factor at a discount.

How to Choose an Allied Health Staffing Funding Company - Click To Read Article
When it comes to alternative financing methods, invoice funding is an excellent option for allied health staffing companies.

Top Three Common Mistakes to Avoid when Choosing a Nurse Staffing Payroll Factoring Company - Click To Read Article
Most entrepreneurs who decide to open a nurse staffing agency are well-versed in the industry, and they have the passion to succeed. However, when it comes to accounting, and in particular managing cash flow, temporary nurse staffing agency owners often stumble. Entrepreneurs who have a hard time balancing payments coming in with financial obligations going out (i.e. payroll, payroll taxes) should take advantage of working with a payroll factor.

What NOT to Do When Picking a Healthcare Staffing Payroll Factor - Click To Read Article
Most entrepreneurs who decide to open a healthcare staffing agency know their industry well, and they have a drive to succeed. However, when it comes to managing cash flow, some agency owners often come up short. Luckily, entrepreneurs who have a hard time managing payments coming in and payments going out (i.e. payroll, payroll taxes) could really benefit from using with a healthcare staffing payroll factor.

The Ongoing Nurse Staffing Payroll Funding Process - Click To Read Article
Most factoring firms can establish a new account in as little as three business days. But what happens after that? When nurse staffing agencies choose to work with a factor that understands their business model, the daily funding procedures are just as easy as the approval process.

How Can Medical Staffing Payroll Factoring Help My Agency? - Click To Read Article
Do you have a profitable medical staffing agency that is sometimes short on cash? Or are you thinking of starting a medical staffing agency and worried that you won't have enough money to make payroll? If you answered yes to either of these questions, then you are not alone. Every medical staffing agency owner goes through cash flow challenges. Some find ways to overcome their cash flow problems, and some do not. If you want to be one of the medical staffing business owners that succeed, then you should keep reading.

Medical Staffing Companies - How to Qualify for Payroll Funding - Click To Read Article
Unlike with more traditional lenders, it’s not hard to qualify for medical staffing payroll funding. In fact, there are three key components to qualifying for medical staffing payroll financing: (1) Business owners should only staff at creditworthy medical facilities; (2) Agency owners need to make sure that their payroll taxes are paid; and (3) The medical staffing receivables cannot already be pledged as collateral to another funder.

‘Old School’ Marketing Tricks that Still Work in Today’s Technological World - Click To Read Article
These days, it seems that small businesses and corporations alike are focusing a lot of their marketing efforts on social networking sites such as Facebook, Twitter and LinkedIn. Although it's important to continuously evolve your marketing techniques so that they are in line with today's trends, don't forget to continue to incorporate some of the more tried and true cash flow marketing techniques in your 2011 advertising plans. Here are five marketing tricks that will never go out of style...

Top Five Reasons to Use Nurse Staffing Account Receivables Factoring - Click To Read Article
If you are a nurse staffing agency owner, and you are interested in learning about alternative ways to finance your business, then look no further than nurse staffing account receivables factoring. Selling your invoices to a factoring firm gives you the ability to stabilize your cash flow without having to go into debt. Here are five more reasons why temporary nurse staffing agency owners should factor their receivables:

How Factoring Brokers Can Achieve Their Resolutions - Click To Read Article
The holiday season is over, and reality has set in. If you're in the cash flow business reading this article, then I'm sure two of your New Year's resolutions were to land more deals and increase your business, right? Well, there's no better time than the present to start buckling down and taking the first few steps towards earning those commission checks.

Should Your Medical Equipment Company Factor Its Invoices? - Click To Read Article
Securing a line of credit in today's economy is still a difficult task for most start-up companies and small businesses.

What to Tell Your Customers about Nurse Staffing Account Receivables Factoring - Click To Read Article
Hiring an invoice funding company can be an unnerving process for nurse staffing agency owners because they may be worried about how their customers will view the new financing relationship. It's a natural concern to have; however, working with a nurse staffing account receivables factoring company doesn't have to be scary. This article gives three unique responses that agency owners can give to their customers to help explain a new account receivables factoring arrangement.

Factoring Prospects: Weeding Out the Bad to Find the Good - Click To Read Article
As cash flow consultants, it's your job to deliver companies with cash flow issues to the appropriate funding source. Although this task sounds easy enough on paper, in reality, it's not always a simple feat. Picture this scenario:

Factoring for Private Duty Care Agencies - Click To Read Article
Acquiring private duty care financing for agency is tough enough when the economy is doing well, and close to impossible when the economy is suffering. This is especially true when considering traditional borrowing such as a bank, which has lending criteria that’s even tighter than usual. Not to mention, credit card companies have started drastically decreasing credit lines and raising interest rates on small-business credit cards.

Funding for Medical Supply Companies: Banks vs. Factors - Click To Read Article
When medical supply business owners start comparing invoice funding discounts to bank lending rates, medical supply accounts receivable factoring almost always comes out more expensive. This is because oftentimes medical supply business owners tend to annualize the percentage charged by factors. Unfortunately, when business owners do this, it appears that an invoice funding firm that charges 3% every 30 days is equivalent to a bank charging an interest rate of 36 percent per year. In the world of medical supply business funding, this evaluation couldn’t be further from the truth.

Medical Transcription Factoring Case Study - Click To Read Article
This medical transcription factoring case study shows how your company can benefit from medical transcription financing from PRN Funding. Get medical transcription factoring info.

Recourse and Non-Recourse Nurse Staffing Accounts Receivable Factoring: What’s the Difference? - Click To Read Article
Accounts receivable factoring is quite common in the temporary nurse staffing industry these days. It’s an excellent way for nurse staffing agency owners to bridge the cash flow gap that’s created when their clients (hospitals, nursing homes and vendor management systems) take months to pay for the staffing services. However, as common as nurse staffing accounts receivable factoring is, one of the most misunderstood concepts of the financing arrangement is the difference between recourse and non-recourse factoring.

Three Reasons Why Allied Health Staffing Agencies Should Factor Their Invoices - Click To Read Article
Check out the Three Reasons Why Allied Health Staffing Agencies Should Factor Their Invoices:

Frequently Asked Questions-Funding Medical Billing Companies - Click To Read Article
PRN answers common medical billing funding agency questions. Researching medical billing funding solutions? PRN Funding has medical billing funding options and answers.

Medical Staffing Invoice Funding: Tips for Managing Customer Fears - Click To Read Article
At PRN Funding, we understand there may be concerns regarding medical staffing funding services. Here are some tips for managing customer fears about using medical staffing invoice funding help.

Busting Healthcare Staffing Factoring Myths - Click To Read Article
PRN Funding delves into myths surrounding the healthcare staffing factoring industry. Learn more about the healthcare staffing funding services we have available.

How Medical Billing Companies Can Avoid the Double Credit Crunch - Click To Read Article
PRN Funding provides accounts receivable factoring services to small healthcare providers to improve their cash flow. We offer medical billing accounts receivable funding solutions to give medical billing companies access to immediate cash, contact us to learn more.

Credit Squeeze Keeps Factoring Firms Busy - Click To Read Article
When loans are no longer an option, business owners have to find a short-term funding option to keep them from dipping into their personal savings accounts or having to rely on friends and family for operating cash. Enter factoring. Now more than ever, entrepreneurs across the nation are in desperate need of a factoring firm that understands the intricacies of today's funding marketplace.

Medical Supplies Invoice Funding – The Ongoing Process - Click To Read Article
Contrary to popular belief, factoring for medical billing companies is not complicated. In fact, it can be broken down into four simple steps.

Why Temporary Nurse Staffing Companies Make Great Candidates for Factoring - Click To Read Article
Temporary nurse staffing companies are great candidates for factoring for many reasons. A nurse staffing factor has many benefits to offer these business owners, learn more about nurse staffing funding today!

A How To Guide: Allied Health Staffing Factoring - Click To Read Article
There are many allied health companies (i.e. respiratory therapist staffing agencies, radiology tech staffing firms, and physical therapist staffing agencies) that can greatly benefit from all that allied health staffing factoring has to offer. Namely, growing their companies without having to worry about how long it will take for their customers to pay them.

What is Accounts Receivable Factoring? - Click To Read Article
Accounts receivable factoring is a viable funding option for companies experiencing cash flow challenges. In a nutshell, factoring is the process of converting the accounts receivable of a business into cash by selling outstanding invoices to a 'factor' for a discount.

Selling Medical Staffing in a Non-Buying World - Click To Read Article
Let's face it, when the economy goes south, medical facilities don't utilize temporary medical staffing services as much. This leaves medical staffing agencies in an odd conundrum--selling to hospitals, nursing homes and medical clinics who keep saying, "We just don't need temporary nurses right now." As a healthcare staffing business owner, what should you do when you hear this?

Private Duty Agencies can Factor in Today’s Banking Crisis - Click To Read Article
Private duty firms who need to obtain cash immediately to help prepare for the influx in business are left without many traditional funding options once the bank says ‘no.’ Fortunately, there is an alternative source of financing available to these agencies: private duty factoring.

Five Things to Consider When Choosing an Accounts Receivable Factoring Firm - Click To Read Article
Although accounts receivable factoring is a great way to ease cash flow tensions, working with the wrong factoring firm has the potential to add an entirely different kind of cash flow pressure to your company’s operations. There are literally thousands of factoring firms to choose from, so it is extremely important to know what to look for and what kinds of questions to ask in order to find the best fit for your business. This article discusses five things every business owner should consider when choosing an accounts receivable factoring firm.

Medical Billing Companies Can Increase Their Cash Flow through Factoring - Click To Read Article
Doctors’ offices will soon be flooded by 78 million baby boomers as they become eligible for retirement. To handle this sudden influx, physicians will have little time for the day-to-day business operations of their practices and must focus primarily on patient care. As a result, medical billing companies are seeing increased demand for their services.

How Medical Supplies Firms Can Benefit from Factoring - Click To Read Article
Most medical supplies companies do not receive payments for their goods until weeks after they have been delivered. By factoring their receivables, medical supplies companies can improve their cash flow tremendously, giving them enough cash to buy new inventory regardless of when their customers pay.

Freedom from Factoring Fees - Click To Read Article
In an effort to combat the affects of the crumbling economy, service-oriented businesses have been getting creative with new ways to generate money. Unfortunately for consumers, that creativity often translates into price hikes, additional fees, reduced services or cut backs on productivity. But does it have to be that way?

Allied Health Staffing Factoring – A Financing Solution for Expanding Companies - Click To Read Article
The growing nurse shortage has been in the headlines for years, but there is another very real shortage that’s also affecting our nation-the allied health personnel shortage.

Accounts Receivable Factoring: An Alternative Funding Option for Small Businesses - Click To Read Article
Many firms struggle to maintain their bank credit facilities, and securing a new line of credit or increasing a company’s current limit is nearly impossible. So if the lending wells have dried up, what’s a small business owner to do? Capitalize on the benefits of accounts receivables factoring.

Comparing Medical Transcription Factoring to Bank Loans - Click To Read Article
Medical transcription factoring offers many benefits to MTSOs that will make financing their business easier than ever. PRN Funding has outlined the benefits of medical transcription factoring, learn more today!

PRN Funding Introduces Real-Time Web Communication - Click To Read Article
By integrating new technology into its Web site, PRN Funding, LLC has made it even easier for healthcare factoring prospects to communicate with the firm over the web.

Top Five Reasons for Medical Supply Companies to Factor Their Receivables - Click To Read Article
Although factoring is a great alternative funding option for any type of business, it’s an especially good financing choice for companies who sell medical supplies to medical facilities and physicians’ offices. Selling invoices to a factor allows medical supply companies to get paid quicker without going into additional debt.

Home Care Factoring – An Alternative Funding Option for Agencies - Click To Read Article
Home care agency owners need to take a more creative approach to secure financing to see their business through these rough times. One alternative cash flow source worth considering in these cash-strapped times is accounts receivable factoring.





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