Healthcare Staffing Factoring Company
Healthcare Staffing Factoring
Healthcare staffing agencies face a unique cash-flow challenge. Nurses, aides, therapists, medical technicians and other healthcare professionals must be paid on time, while hospitals, healthcare facilities and other clients may take 30, 45, 60 days or longer to pay outstanding invoices.
Alliance One helps healthcare staffing companies bridge that gap with invoice factoring designed around the demands of the healthcare staffing industry.
Instead of waiting weeks for customers to pay, your agency can convert eligible outstanding invoices into immediate working capital. This gives you access to the cash you need to meet payroll, recruit additional healthcare professionals and take on new contracts without allowing slow-paying customers to limit your growth.
Keep Your Healthcare Professionals Paid
Payroll doesn’t wait for your customers to pay.
As your healthcare staffing agency grows, the amount of money tied up in accounts receivable can grow quickly. A new facility contract may be great for business, but adding nurses or other healthcare professionals can mean significantly larger weekly or biweekly payroll obligations long before you receive payment from the facility.
Healthcare staffing factoring can help provide the working capital needed to:
- Meet weekly or biweekly payroll obligations
- Take on new facility contracts
- Recruit and onboard additional healthcare professionals
- Cover payroll taxes and other operating expenses
- Manage extended customer payment terms
- Grow without relying solely on traditional bank financing