Ponce Moody Funding


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"IF THE BANK SAYS NO, GIVE ME A CALL" 1) Potential Clients: Listed below are some, but not all examples of potential clients for medical accounts receivable financing: Healthcare service companies also known as healthcare providers must generate all accounts receivable.a. Sole Practice Physiciansb. Group Practice Physiciansc. Nursing Homesd. Home Healthcare Companiese. Rehabilitation / Physical Therapy Companies f. Chiropractorsg. Small Hospitalsh. Laboratoriesi. Medical Equipment and Supply Companiesj. MRI Facilitiesk. Dentists 2) Mainstream Accounts Receivable (Acceptable for Funding): Accounts receivable generated from Third Party Payors such as:a. Medicareb. Medicaid c. Commercial Insurance d. Private Insurancee. HMO (Health Maintenance Organization)f. PPO (Preferred Provider Organization)g. Managed Care 3) Acceptable, But Not Mainstream: Not our “bread and butter” type of receivables, but we will consider. a. Worker’s Compensation 4) Accounts Receivable That Are Not Acceptable: Accounts Receivable that we will not fund.a. Self-Payb. Longer Turning Personal Injuryc. Longer Turning No-Fault 5) Due Diligence Fees: May be different with each deal, depending upon the size and complexity of the organization. Used to cover costs of researching and validating credit information and accounts receivable quality. Reimbursement of out-of-pocket disbursementsa. Typically about $3,500b. Up-front fee due at time of proposal acceptance 6) Fees: Fees applied to purchases to cover cost of doing businessa. One time commitment fee (typically 2%) of the aggregate funding facilityb. Discount rate applied monthly to open batches 7) Time to Open Account: A new deal can typically be closed in approximately 30 days after receipt of ALL requested documentation on the APPLICATION, assuming no credit or lien problems to resolve. 8) Advance Amount: The amount advanced to each client will vary, but advance amount is always based upon performance of receivables.a. First Deal: Typically 80% of Net Realizable Value (NRV)b. Can be increased based upon accounts receivable performance 9) Client Minimums: Lowest amount of New, qualified gross billing amounts per month.a. Must have a minimum of $100,000 in monthly collections from third party insurance, Medicare, Medicaid and HMO combined not including self pay.b. Ideal range is $250,000 to $5 million in outstanding accounts receivable 10) Application Process: The following steps outline the typical process, which takes the provider from potential client to client.a. Prospective Client Summary and Application Form completed.b. Letter of Intent (after receiving application)c. Due Diligence: Conducted both on and off site. Used to evaluate accounts receivable, the organization and to answer any potential questions.d. Funding: Following closing procedure, funding can begin shortly thereafter. 1) Potential Clients: Listed below are some, but not all examples of potential clients for medical accounts receivable financing: Healthcare service companies also known as healthcare providers must generate all accounts receivable. a. Sole Practice Physicians b. Group Practice Physicians c. Nursing Homes d. Home Healthcare Companies e. Rehabilitation / Physical Therapy Companies f. Chiropractors g. Small Hospitals h. Laboratories i. Medical Equipment and Supply Companies j. MRI Facilities k. Dentists 2) Mainstream Accounts Receivable (Acceptable for Funding): Accounts receivable generated from Third Party Payors such as: a. Medicare b. Medicaid c. Commercial Insurance d. Private Insurance e. HMO (Health Maintenance Organization) f. PPO (Preferred Provider Organization) g. Managed Care 3) Acceptable, But Not Mainstream: Not our “bread and butter” type of receivables, but we will consider. a. Worker’s Compensation 4) Accounts Receivable That Are Not Acceptable: Accounts Receivable that we will not fund. a. Self-Pay b. Longer Turning Personal Injury c. Longer Turning No-Fault 5) Due Diligence Fees: May be different with each deal, depending upon the size and complexity of the organization. Used to cover costs of researching and validating credit information and accounts receivable quality. Reimbursement of out-of-pocket disbursements a. Typically about $3,500 b. Up-front fee due at time of proposal acceptance 6) Fees: Fees applied to purchases to cover cost of doing business a. One time commitment fee (typically 2%) of the aggregate funding facility b. Discount rate applied monthly to open batches 7) Time to Open Account: A new deal can typically be closed in approximately 30 days after receipt of ALL requested documentation on the APPLICATION, assuming no credit or lien problems to resolve. 8) Advance Amount: The amount advanced to each client will vary, but advance amount is always based upon performance of receivables. a. First Deal: Typically 80% of Net Realizable Value (NRV) b. Can be increased based upon accounts receivable performance 9) Client Minimums: Lowest amount of New, qualified gross billing amounts per month. a. Must have a minimum of $100,000 in monthly collections from third party insurance, Medicare, Medicaid and HMO combined not including self pay. b. Ideal range is $250,000 to $5 million in outstanding accounts receivable 10) Application Process: The following steps outline the typical process, which takes the provider from potential client to client. a. Prospective Client Summary and Application Form completed. b. Letter of Intent (after receiving application) c. Due Diligence: Conducted both on and off site. Used to evaluate accounts receivable, the organization and to answer any potential questions. d. Funding: Following closing procedure, funding can begin shortly thereafter.

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Post Office Box 61151
Raleigh, North Carolina 27661
United States

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919-771-3230


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