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Medical Electronic Payment Advance (MEPA) is a quick and easy way for medical and health professionals to secure short-term working capital without taking personal risk. - Less expensive, less cumbersome and less restrictive than standard receivable financing alternatives.
- A working capital alternative to accounts receivable financing and traditional loans.
- Based on practice or facility’s historical monthly collections including co-pays, and insurance receivables.
- A lump sum payment option with an average collection period ranging from 4-12 months.
- A less expensive alternative to equipment leasing. (Good credit, collateral, and personal guarantees not required.)
MEPA is an upfront, lump-sum cash payment whose repayment is based on the collection of a fixed percentage of a practice or facility’s future electronic payments including co-pays and third party receivables including insurance. - “Could your practice run more efficiently if it had $50,000-$100,000 of immediate working capital available to it?”
- “Have you ever considered a working capital line, loan or factor to help finance your practice’s current cash flow needs?”
- “Would you consider securing immediate financing for your business if it did not encumber your personal assets?”
If you’ve answered “yes” to any of these questions than MEPA may be a perfect solution for your business.
There is no cost or obligation to find out how much you qualify for.
How does MEPA compare to Medical Accounts Receivable Financing?
Medical Factoring/Medical Receivables is a type of asset-based lending, when a company uses its customer receivables as collateral. A receivable is an invoice outstanding to customers who owe the business for payment for product/services the business delivered. Costs an average of 3-5% per MONTH of the amounts borrowed. (Also referred to as “factoring”) MEPA is a less-expensive alternative to factoring and is a perfect solution if your invoices are aged more than 90 days (which factors generally do not accept).
There is no cost or obligation to find out how much you qualify for.
- No personal guarantee on repayment for normal course of business
- No fixed payments or maturity date
- Not encumbering personal assets for business related expenses
- Not credit score or cash flow analysis based
- No fees, closing costs, reviews or audits
- Let unknown future sales pay for cash today
There is no cost or obligation to find out how much you qualify for.
Dental practitioners
Chiropractic practitioners
Orthodontics
Elective surgery practitioners
And most other medical healthcare professionals
There is no cost or obligation to find out how much you qualify for.
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