First Capital Business Finance
Once we have your qualification package, we would then schedule a conference call with one of our underwriters. The underwriter will only need about 5 to 10 minutes of your time to go over any questions they might have regarding your AR & AP aging reports.
Due to the complexity of factoring retail pharmacies, we have developed a way to assist with factoring those receivables coming from insurance companies. Depending on the number of insurance companies you are dealing with, we’ll need to figure out who the majority of your accounts receivables are coming from. Depending on the capabilities of your pharmacy management software, you would need to produce some reports that will show the following information:
(We don’t want any patient information or anything that will be in violation of HIPAA)
From here we will be able to schedule a call to figure out which of the insurance companies you prefer to factor. Keep in mind, you do not need to factor all invoices.
What is the next step?
If you would like to schedule a call with one of our advisors, just give us a call at 888-565-6692.
If you can have your AR/AP aging reports readily available, it will make the process a little faster and smoother.
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