Because Money Doesn't Come With Instructions....or Grow On Trees
1st Choice Funding Provides The "Financial Bridge" to Innovative Financial Solutions
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An Innovative Financial Solution For
Medicare - Medicaid Accounts Receivables * HMO-PPO Accounts Receivables * Insurance Accounts Receivables * Workers Compensation Accounts Receivables * Medical Lien Accounts Receivables
Delays in insurance and government account receivables create needless economic pressures for the
healthcare industry nationwide. Like any industry, timely receivables are essential to achieving profitable
operations and healthcare is no exception to the rule.
However because healthcare accounts receivables are at best unpredictable, medical providers across the board
need a guaranteed financial solution designed specifically to resolve never ending A/R delays. Is such a solution
possible? If so is such a solution available? Absolutely!
Welcome to…
With 1st Choice Funding’s amazing solution in place healthcare providers who utilize
“No Risk” A/R Funding obtain the most innovative option to resolving what A/R delays
create without compromising fiscal integrity or government regulation.
How so? Because what “No Risk” A/R Funding provides is a solution vs. months waiting for
Accounts Receivables to arrive. 1st Choice Funding’s investor capital delivers cash practically
overnight when compared to typical insurance or government receivables processing!
That’s right with “No Risk” A/R Funding accounts receivable patient files are seamlessly converted
into an actual line of credit in days, generating immediate cash without further risk or delay.
And so significant is the “No Risk” solution that a cash infusion based on an A/R balance sheet means a portfolio
holder can right now generate 65% even 75% of an outstanding A/R balance in cash without waiting. That’s
RIGHT 65% to 75% of a current A/R balance is delivered to your facility in cash right now!
And that’s why “No Risk” Funding is THE solution to end healthcare’s A/R challenges.
To illustrate what portfolio funding delivers let’s look briefly at a $50 million
Medicare/Medicaid-Insurance-PPO-W/C A/R portfolio. Through “No Risk” Funding this
portfolio’s cash conversion capability is $32.5-$37,500,000.00. It’s just this simple.
What’s you’re facilities A/R portfolio worth? $1 million? $10 million? $100 million? The
bottom line is.....there’s no limit to our resources or what A/R Funding can deliver
as the best option in securing a more profitable tomorrow…today. “No Risk” Funding
provides a healthcare providers Cash-Infusion!
Simply put; investment capital provides a line of credit guarantying up to 75% of an A/R balance
sheet in cash. A UCC Lien is filed securing the Credit Line when capital is released. As each payable
is received all monies are applied to the balance where upon satisfaction of the lien, any further
receivables thereafter are free of the credit line obligation and paid direct to the provider.
Any accepted billing paid by Medicare/Medicaid, HMO, PPO, Insurance or Workers Compensation
is acceptable and can be used. If you collect it…. you can leverage it.
There is no cost to apply for a “No Risk” Credit Line and only upon issuance of a credit line does a
monthly cost accrue of 1%-1.75% per month for monies received. Like a mortgage loan the line of
credit is a consistent payment obligation until satisfied.
There is no maximum age for receivables but in some cases the older the receivable the less the value.
Yes every file is followed up on and collected upon which are applied to the Credit Line balance. This program
provides the option of adding new A/R files thus continuing the revenue stream. What this provides is cash now
without a blanket lien on all future receivables. The UCC Lien binds only the files leveraged as selected by
you the provider and nothing more.
Absolutely! Because our program is so amazingly comprehensive the vast majority of A/R provider overhead is
actually eliminated. How so? Because a streamlined cost effective outsourcing solution is provided which replaces
in-house A/R overhead and cost absorption with a more effective way to achieve cash flow, collection and savings.
Thus while A/R overhead varies by healthcare facility, the bottom line is with “No Risk” A/R there is a marked
increase in profitability through what the “No Risk” A/R solution delivers!
This incredible program brings to healthcare providers nationwide the most innovative “financial bridge” ever
developed to increase existing portfolio liquidity, but wait there’s even more when……
“No Risk” A/R Funding provides even more revenue to each of our medical facilities by way of new A/R patient
files. That’s right by simply adding to an existing credit line all new A/R insurance patient files as they occur,
positive cash flow again is generated.
“No Risk” A/R Funding effectively manages current and future insurance receivables and as such delivers a ready
source of revenue upon conversion of pending accounts.
Thus irregardless of insurance delays or government red tape, healthcare facilities who utilize “No Risk”
Funding are now freed of the burden Accounts Receivable delays create.
What a welcome relief wouldn’t you agree?
With “No Risk” Medical Funding all insurance A/R are converted without delay which generates immense working capital to deliver incredible options which include......
Access to Large Volumes of Capital
Provides a Debt-Free Funding Resource
Boost Liquidity by Utilizing Available Assets
Provides Immediate Cash Infusion
Not a Loan- "No Debt" is Incurred
Increases Purchasing Power
Provides Capital for Operations & Expansion
Fast and Easy
Reduces or Eliminates A/R Overhead
Provides Increased Profit Margins
Obtain “No Risk” Medical A/R Funding to:
Meet Payroll
Upgrade Technology
Add Staff
Finance New Service or Products
Expand to Generate New Business
Acquire a New Practice
Expand Facilities
Purchase New Facilities
Pay Off Debt
Purchase New Equipment
Ensure Financial Survival
Prevent Pending Bankruptcy
Now Available Cash Flow to Surpass
Competition in Patient Services & Quality of Care
Today as operational expenses soar and healthcare’s fiscal resources tighten, specifically developed solutions are needed to meet such challenges head on. Increasingly traditional methods of medical-fiscal management are proving to be ineffective and outdated. As a result of archaic finance methods, immense burdens are placed on healthcare providers nationwide, solidifying the need for a change in the
way healthcare manages issues related to uncollected account receivables.
As times change so must ineffectual financial methods change….. Welcome to just such a change.
1st Choice Funding, a professional financial consulting firm has developed the most effective financial solutions available which shall change for the better fiscal-medical management. And in so doing 1st Choice Funding provides a multi-targeted approach to deliver increased healthcare profitability.
How so you ask?
Because only 1st Choice Funding’s financial solutions are specifically tailored to resolve the never ending financial
challenges unpaid accounts receivables create for healthcare providers who rely on timely receivables.
As you’ll soon discover 1st Choice Funding utilizes “outside the box” approaches to medical management
and in so doing delivers guaranteed results which include…
Increased Cash Flow
Lowered Operational Costs
Simplified Processes
Streamlined Operations
Innovative Solutions
and.....
Increased Profitability
1st Choice Funding does all the foregoing with amazing speed, accuracy and effectiveness as we work to resolve problematic issues created by uncollected A/R which top the list for causes creating fiscal issues. But it is medical liens who create for healthcare, collection nightmares as patient demands contribute to the strain healthcare provider’s face when resources tighten and demands increase.
Thus it is the treatment of uninsured medical lien patients who create healthcare’s proverbial “catch 22” as services are provided in a timely manner yet forcing providers to wait years for collection.... with still with no guarantee of success.
1st Choice Funding Resolves the Medical Lien Paradox With a Unique Solution Called…
“No Risk…No Delay” Medical Lien Portfolio Funding
With “No Risk” Medical Lien Funding healthcare providers are positioned with a joint venture partner whose unlimited capital provides a solution to the economic chasms which exist between medicine, government, law, finance, insurance and profitable patient care.
And in so doing “No Risk” Medical Lien Funding provides a seamless integration where healthcare providers are free of the financial risk uncollected medical liens create, while finding an effective solution to uninsured profitable patient services secured by medical liens.
1st Choice Funding offers this innovative and lucrative solution for healthcare providers seeking to increase operational capital and profitability, while doing so without increasing patient volume or adding on of new services.
“No Risk” Medical Lien Portfolio Funding provides guaranteed increased cash flow simply by leveraging untapped
medical lien patient files the “No Risk” way. How so?
Because unlike health insurance carriers or government agencies whose payment processing takes months, 1st Choice Funding provides capital without bureaucratic red tape or multi-layered authorizations, and in so doing delivers amazing results practically overnight!
In fact so comprehensive is the “No Risk” opportunity that all collection, management
expense, hassle and delay are eliminated upon implementation of our program.
And when implementing “No Risk” Portfolio Funding, “Provider Risk converts into
Investor Risk” upon acquisition of a healthcare providers lien portfolio. In so doing
“No Risk” Funding delivers risk free guaranteed cash to medical providers through this
revolutionary opportunity.
The bottom line is: “No Risk” Medical Lien Funding provides cash now without recourse,
and upon implementation, “No Risk” Funding enables healthcare providers be taken permanently out of the risky business of contingent law, and kept in the preferred
business of practicing medicine...the “No Risk” way that is.
With “No Risk” Medical Funding Cash is Now Available With:
No Application Fees
No Upfront Costs
No Out of Pocket Expenses
No Costly Forms Processes
No Interest Expense
Imagine an amazing opportunity to increase profits without increasing overhead, patient volume, services and the like…. Well imagine no more because such an opportunity does exist, and what is guarantees is greater profitability simply by better utilization of existing patient files.
That’s Exactly What “No Risk” Medical Lien Funding Guarantees….
When once implemented “No Risk” Funding eliminates the financial burdens LOP files create as well as the added expense absorbed for the management of such files. Today, instead of going it alone “No Risk” Funding delivers solid options and effective results. And because our system provides a simplified streamlined process, savvy medical providers who capitalize on our opportunity see incredible results and achieve greater profitability.
In order to obtain “No Risk” medical lien funding simple patient criteria must be met which includes:
1. Patient must be represented by attorney in a current claim
2. Medical services must for injuries the legal action represents
3. LOP services are acknowledged by patient’s attorney
“No Risk” Funding is the “Financial Bridge” to Span the Chasms Between
Medicine, Government, Law, Finance, Insurance and Profitable Patient Care “
“No Risk” Lien Portfolio Funding provides a simplified process without hassle, delay, expense, complication or risk. 1st Choice Funding is healthcare’s partner to success and we prove it by development of effective solutions like converting medical lien patient files “potential” into “guaranteed” capital, removing risk and replacing it with revenue.
1st Choice Funding’s streamlined process delivers results within days of submitting a simple list of required documentation.
And unlike insurance or government processing 1st Choice Funding’s streamlined process delivers results within days of submitting a simple list of required documentation.
And There’s More Because......
“No Risk” Lien solutions deliver added revenue through each new lien
patient account who when leveraged, generates guaranteed previously
untapped revenue.
But There’s Even More Earnings Because....
Medical lien patients whose file is leveraged in a portfolio can also generate
another income stream as additional medical services are provided. With
this option even more untapped revenue is delivered when such patients
receive additional treatment and the provider is paid at the time of treatment.
Clearly “No Risk” Medical Lien Funding is the New Future of Healthcare.
“No Risk” Lien Solutions Provide Increased Profitability Through Diversified Options.....
To Apply For Medical Lien Funding Please Click Here to Download PDF Presentation and Application
1st Choice Funding’s medical lien capital provides solution based options for healthcare providers who seek to maximize the value of an existing Lien Portfolio.
The solutions herein outlined are effective alternatives to the financial drain medical liens create for healthcare providers nationwide.
1st Choice Funding delivers solutions because financial resourcefulness and fiscal creativity are our specialty.
Please Select From the Following Options:
Medical Lien Portfolio Purchasing (PP) delivers immediate capital for providers who select to sell a lien portfolio, creating a cash infusion. PP also generates after an initial lien purchase, an effective solution for newly acquired lien patients who are later added to the portfolio as such patients generate more untapped revenue. However PP goes further when existing lien patients sold in a portfolio require additional treatment. When such occurs the patient who is pre-approved, generates to the medical provider added compensation at the time of treatment. A real 1st wouldn’t you agree? With this option guaranteed cash of 20%, 30%, 40% or even more of a portfolio’s worth is delivered in cash Now!
Short Term Servicing (STS) provides lien portfolio holders with no collection history an option to obtain documented proof to establish portfolio value. STS fills in the gaps lack of data leaves by managing a portfolio for 9, 12 or 18 months with no out of pocket expense. During lien portfolio servicing collection history is established thus providing a true portfolio value, where a purchase price and a contract offer are the end result. Additionally during STS, returns are provided on each collected Lien Accounts Receivables of up to 75%.
Long Term Servicing (LTS) potentially provides the highest returns of each of the options available in two ways. First, LTS guarantees a cash return of up to 75% for each collected lien receivable and second, LTS provides a 100% servicing program which eliminates all medical provider lien overhead. Because LTS can guarantee a return on each collected A/R lien, the total value of what LTS delivers far surpasses the guaranteed 75% return.
Only by identifying what your facility spends in lien overhead could our amazingly cost effective outsourcing solution become totally clear. Granted, while lien collection ratio’s and portfolio expense vary from medical provider to medical provider, the facts are; when combining guaranteed returns with lien overhead savings, is lien profitability taken to a new level as combined revenues push profit margins to 90%, 100%, 150% or more! While not delivering immediate cash flow Long Term Servicing guarantees results.
Partial Purchase - Partial Servicing (PSPP) brings a “best of both worlds” opportunity to the table. PSPP delivers an innovative “cash-now-cash-later” option which combines Portfolio Purchasing with Long Term Servicing. In so doing medical providers determine which portion of a lien portfolio is delivered as cash now and which portion delivers more cash long term from the remaining portion of the portfolio. With PSPP’s “cash-now-cash-later” option the “cash-now-to-long-term-servicing” ratios are determined by each lien holder, thus delivering a truly customized 4th option.
ER Treatment
Surgeries
Hospital Care
Office Visits
Diagnostic Testing
Therapy
Acute Care
MRI
Ambulatory
Chiropractic
Medical Devices
or Any Service Secured By A Medical Lien.....
Clearly "No Risk" Lien Funding strengthens healthcare facilities by providing easy access to cash flow for future and current portfolio LLOP-based patients, plus “No Risk” Funding provides;
No Interest Expense to Patient or Medical Provider
Seamless Integration Into Accounting & Operations
Lien Underwriting in Days After Submission of Application and Requested Documentation
Collection Overhead Is Eliminated
"No Risk" Funding Assumes All Administrative Burdens From LLOP Accounts
1. Hospitals
2. Physician Practices
3. Nursing Homes
4. Surgical Centers
5. Home Healthcare Companies
6. Rehabilitation Clinics
7. Medical Equipment Providers
8. MRI Imaging Centers
9. Chiropractic Offices
10. Clinical Laboratories
11. Dialysis Centers
12. Medical Flight Services
13. Ambulatory Services
14. Surgical Centers
15. Out Patient Service Centers
16. Or Any Service Secured By Medical Liens
Seamless Transitions
Prompt Service
Ongoing Revenue Generated From All New Patients
Payment Provided in Days on Prior Approved Cases Added Treatment
LLOP Files Generate Revenue Through Program You Select
Increased Capital & Profits as Lien Patients Generate Cash Flow & Savings
Liquidated Lien Accounts Produce Lump Sum Cash Infusions
Free Portfolio Evaluation to Identify Existing LOP Patients Mis-categorized
Upon Identification of Such Patients New Options Are Also Opened....
While patient pay receivables represent just 4% of today’s healthcare total billing, current statistics show a whopping 49.2% of patient co-pay receivables of this 4% are being written off as bad debt due to failed collections!
With Consumer Directed Healthcare on the rise, providers must prepare for the shift insurance companies are now implementing as more payment responsibilities will converge on patients through co-pay & deductible participation.
Where does the shift in payors leave healthcare providers? And where’s the bottom line when patient pay receivables which are anticipated to grow from today’s 4% to nearly 20% by 2015 leave providers?
The facts are if healthcare providers fail to prepare for what’s ahead, the current 49.2% healthcare mountain of patient co-pay bad debt will be dwarfed by what’s on the horizon. Thus the time to act decisively is now!
To ensure healthcare financial profitability, 1st Choice Funding brings to the table an innovative method to bridge the challenges this formidable task is creating through our “No Risk” Funding Solution.
2008
49.2% Bad Debt Losses
2015
Are You Prepared?
In partnership with QPS/mPay, 1st Choice Funding brings our “No Risk” Co-Pay Funding Solution with proven results to the table. Through an integrated web based portal, a seamless system estimates, authorizes, processes and reserves patient co-pay commitment before patient services are provided plus....
With just one click healthcare providers settle the EOB transaction, reserve the funds until insurance confirmation verifies the amount due, and then completes the process by depositing the funds in the banking facility of your choice.
Like a hotel check out process which processes the anticipated funds reserved which were confirmed before check-in, “No Risk” Co-Pay Funding Solution eliminates nearly 100% co-pay bad debt losses through this seamless, tested, cost effective solution while it eliminates co-pay collection costs, bad debt charge offs and collection risk!
For a low monthly lease healthcare providers are protected through this innovative opportunity while absorbing no
out of pocket expense for set-up, PM integration, training & implementation
Eliminate Co-Pay Bad Debt with The “No Risk” Co-Pay Funding Solution!
To Calculate You Facilities Lease Cost Please Click Here:
Lease Calcultor
For the “No Risk” Co-Pay Funding Solution Please: Click Here
For A Real Applied Application Please:
Click Here
For The IPA Association of America (TIPAAA) The leading Trade Association for Independent/Integrated Physician Associations: Click Here
For A White Paper Report on Consumer Driven Healthcare Please: Click Here
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