Xynergy Healthcare Capital’s Articles
Xynergy Healthcare Capital is a nationwide financial services company that offers factoring programs exclusively for the healthcare industry. Learn more about medical factoring and how it can provide your healthcare business with the working capital it needs to grow, expand and operate successfully.
Healthcare Investing is on the Rise
One of the best ways to stretch your money when it comes to being a healthcare provider is to invest in more modern healthcare technologies. While the initial cost forces you to take a hit to your income, the benefits are both numerous and profitable. If your...
Promises to End the ACA Could Be Detrimental
As the GOP attempts to follow through on Trump’s promises to end the Affordable Care Act, they are running into trouble getting Congress to agree on a plan that could wholly replace the ACA. In the past, Republicans have sought to completely repeal the act and replace...
How to Make the Most of Your Money
Healthcare providers are in a fairly unique position in the business world. In most other professions, when a service is rendered, the provider is immediately paid and can then use that fee for whatever they wish. However, when you’re in the business of providing...
Why Should You Use Healthcare Factoring?
Often, those new to our company and this area of business in general question why they should even bother with contacting Xynergy Healthcare Capital over a traditional loan. What many people fail to understand is that healthcare factoring is not a loan at all, and in...
Medical Finance: 8 Strategies to Grow Your Healthcare Practice in 2017
As a healthcare provider, you want to give your patients top-notch care with state-of-the-art equipment, comfortable surroundings, and a well-managed office. However, to achieve that level of service, you may need to grow your healthcare practice. And to grow your...
How to Choose the Right Healthcare Factoring Company
Choosing to partner with a healthcare factoring company can be a difficult decision and you always want assurance when making a new business partner. That is why it is crucial that you research the business before selecting them as your medical accounts receivable...
The Advantages of Hospice Care
As we get older our bodies become fragile. When you are forced to place a loved one in a nursing home or assisted living facility, it can be a difficult decision. Many people fear what they do not understand, and many people are misinformed about hospice care. Hospice...
Who Benefits from Healthcare Factoring?
Healthcare factoring is a form of financing but rather than using collateral as the means of lending, Xynergy Healthcare Capital uses a purchase agreement model. The model allows for business owners in the healthcare industry to finance their medical accounts...
The 5 Advantages of Healthcare Factoring with Xynergy
If you company is struggling with your balance sheet because of cash flow restrictions, Xynergy Healthcare Capital can help. There are typically two types of accounts receivable financing offered to the healthcare industry: Traditional financing by borrowing money...
Healthcare Factoring Can Help You Obtain Cash Debt-Free!
As business owners we are always trying to keep the books in-line. It can be difficult to have positive books in the healthcare industry because of the amount of time it takes for invoices to be paid. In the healthcare field we are familiar with the third party payees...
Factoring Clients – Still in the Loop
Quite often, one of our prospects or clients asks us, “if you are buying the receivables (or claims) why must I still do the collections and follow up with the payors?” This question is certainly worth answering and examining the process behind the answer. First let’s...
How is Healthcare Factoring Different from Financing?
While most would believe that any form of funding solution for healthcare providers would require a type of ‘debt financing’. Debt financing is when you borrow money for working capital. Three basic forms of debt financing are bank loans, asset based lending, and...
Funding Solutions for Healthcare Providers
If you are looking for a funding solution for your business in the medical industry, Xynergy Healthcare Capital can help. Our nationwide financial company specializes in custom accounts receivable financing, exclusively for the healthcare industry. One of the greatest...
Medical Factoring Can Fund Your Business Now!
For those of you who may be unfamiliar with the term ‘medical factoring’ it is a form of accounts receivable financing for healthcare providers. For healthcare providers, medical factoring is one of the three most common forms of funding for their organization. As a...
Ways Medical Factoring can Transform Cash Flow
Whether you are a new business or a developed business, your growth can be compromised by limited funds. In the healthcare industry cash flow takes longer because most invoices stay open for 30-120 days until a third party provider remits payment. But healthcare...
What is Medical Factoring and How can it Benefit Your Company?
Most business owners are familiar with the differences between loans and other lines of credit, but most are unaware of ‘factoring’. Factoring is a type of financing for different business industries that have cash flow problems because of slow payments. One specific...
How Much Will Factoring Cost?
The most common mistake a person makes when trying to determine the “cost” of factoring is equating the dollars spent on this finance option to an interest rate. If one looks at the definition of factoring (simplified for this example), it is the discounted sale of an...
Common Questions about Medical Accounts Receivable Funding
Q. What types of medical providers does Xynergy fund? A. We specialize in providing funding to growing healthcare providers. Types of medical practices and services that have benefited from medical accounts receivable funding include physician practices, compounding...
The Fees Associated with Factoring: A Breakdown
Many times a factoring applicant informs us that “another factor has already quoted him a fee of 1%.” We will never address that in any way other than telling him that we don’t know what that means. One would think that since we are a factor, this is not a difficult...
Federally Run HealthCare vs. State Run HealthCare
The huge bureaucracy created in the late 1960’s which we now identify as Medicare has become an overpowering, under-performing, incompetent and non-responsive part of our daily lives. Its creation attempted to monitor, regulate and control a national health care...
How Have Medical Providers Become Bankers?
A medical provider once told me that; “Medicare pays me in about 30 days, Medicaid about 20 days and my commercial insurance carriers usually pay me in about 40 to 50 days.” That seems fair, the provider is paid in full on all of his claims in no longer than two...
Is Medical Factoring Too Expensive?
Lenders offering traditional loans and asset based loans will usually tell a prospective borrower to use their product, because “factoring is so expensive.” “Expensive” is a concept that cannot be taken out of context, as it is derived from the comparison of many...
Is Factoring the Right Choice for Your Business?
Is factoring still a viable option with interest rates at historical lows? To answer this question, we have to look at the overall business environment. Let's dive right in and see if factoring is a solution that can help you and your business. The credit marketplace...
Why Medical Accounts Receivable Funding is Better than Bank Lending
With medical accounts receivable funding, clients receive their cash within 28 to 48 hours with no funding ceiling that will limit their growth. There is a simple application process and fast approvals with processing based on the creditworthiness of their...
When Factoring Really Counts: Home Healthcare Rescue
One may think that a business being paid in 14 days certainly does not need factoring. This is a conclusion that makes sense on the surface, but let’s look at the reality. About a year ago, a home healthcare provider billing Medicaid in the South-Central U.S applied...