Physician AR Finance

Accounts Receivable Financing for Physicians

Uninterrupted, positive cash flows for Physicians’ Practices

What if you did not have to wait for the reimbursement of your bills by insurance carriers? Sounds incredible, right? At Tranquilmoney, we offer PracticeTracker™ Accounts Receivable Financing services for immediate infusion of liquidity, thereby keeping your cash flow cycle going.

As a medical service provider, you bill third-party payors like Medicare, Medicaid and private insurance companies and then wait 60 to 120 days for reimbursements.

Our AR Financing services provide you with the means to meet your cash flow requirements, hire new staff, open new locations, or expand your business.

We offer financing upfront after analyzing your medical claims to see that:

  • All the required evidence is collected, proving that the encounter has actually taken place, and
  • The amount billed is the amount that is contracted for that set of procedures, or
  • Bill your list price but provide you with an AR Report expecting a different amount as payment

In addition to financing, we also offer Medical Billing and Collection Services as a separate service.

How our AR Financing works?

AR Finance
Telehealth platform

Policies & Guidelines for Physicians Receivable Finance

  • An e-contract is signed by the parties
  • A bank sub-account to be jointly held by the lender and the provider is set up
  • It must be ensured that the TPA directs payments to the new bank account
  • Claims are evaluated as per the rules laid out in the contract
  • The rates of discount: Please contact Tranquilmoney Sales

Eligibility Criteria for AR Factoring

  • The Provider must either have a proven credit history or a personal guarantee accompanied by an audited net worth certification.
  • The Provider should have been in business for at least 3 years.
  • The sanctioned amount should be a minimum of $30,000 per month
<telehealth software designed for doctors

CASE STUDY

Claims reconciliation and receivables management for a Pharmacy Chain

A huge pharmacy chain was finding it problematic to manage claims, identify unpaid claims, and reconcile claim payments. With our process, software, and domain experts, we delivered 100% claim reconciliation and 99.9% collections.

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