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Contingency Collection


Based on a percentage of recovered funds, this program is the most economical solution for debt recovery. With no upfront fees and customized programs, your recovery and financial growth is greatly increased.

Retail Collections
Retail Collections
Medical Collections
Medical Collections
Utility Collections
Utility Collections
multi-family Collections
Rent Collections
commercial Collections
Commercial Collections

Municipal Collection Services


SOUTHWEST RECOVERY Service’s services are provided on a contingency fee basis only. There are no up-front costs!

Governmental entities nationwide are experiencing an ever increasing case load, resulting in greater demand for more effective collection techniques.

Early Out Program


Health Care Organizations especially benefit from our Early Out Program that is designed to identify additional insurance billing and to prompt patients to pay, thereby eliminating the need for extensive collection activity.

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Factoring Medical Receivables Provides Cash Flow

Friday, June 11th, 2010

Factoring medical receivables has become a popular means of acquiring capital. It wasn’t too many years ago when the hot trend in the physician world was the purchase of medical practices by hospitals. The theory was that not only would the hospitals benefit by an influx of referrals, the physicians would not have the headache of managing their practice and therefore earn more and work less.
Unfortunately, this rosy scenario has not always worked out and, as a result, many doctors are terminating their contracts with the hospitals. This has forced the physicians to re-establish their practices. For most doctors, maintaining their customer base isn’t a problem, as most patients will follow them back into private practice. The main issue is practice management in general, and financing in particular.
Although the physician may have no trouble getting financing for capital expenditures, a more ongoing problem is how to pay expenses and overhead incurred during the 60 to 90 days it takes to get paid from third party payers. As doctors and other providers are getting financially squeezed because of reduced Medicare reimbursements and higher costs, the need for funding becomes greater. Even the most efficiently run practices need short term working capital as their businesses grow, and as a result of this need, healthcare financing companies have sprung up to provide medical receivables funding.
Even though the largest asset of most providers is their accounts receivable, most banks won’t lend money on that asset. Loan officers often lack the specialized knowledge of the healthcare claim billing and collection process. Because there can be a significant difference between the expected amount to be paid versus the face amount of the billings, banks are leery of using it as collateral. In a medical factoring situation, the funding company purchases the outstanding receivables of the practice, thereby assuming an ownership position in the receivables. Because the ownership of the receivable has changed, the practice also passes along the credit risk to the funding source.
* There is no monthly debt service because the funding is not a loan.

* It is an off-balance sheet transaction since the client is selling an asset.

* The client can receive fresh cash weekly, thus providing a manageable flow of funds.

* Because the only asset that is encumbered is the receivables, the healthcare firm can pursue other types of financing concurrent to this program.

* Factor fees tend to be much less than paying a billing company.

* No personal guarantees are required. The factoring company is more interested in the credit of the payor.
1. The provider completes a client application and submits it to the funding source.

2. The funding source sends out a Letter of Intent, which specifies what can be done for the healthcare provider.

3. After receipt of the signed Letter of Intent, the funding source draws up a Purchase and Sales Contract for the client. This contract specifies the fees to be charged and the advance rate to the provider. The provider must pay a due diligence fee. This fee helps the funding source defray costs of researching and analyzing the practice’s billing methods and procedures and to verify that the net collectible billing is accurately reflected on the firm’s books.

4. The funding source performs final due diligence, and provides reports to the client’s management as to the integrity of the billing and collection system.

5. The factor advances 75%-85% of the net collectible receivables to the client’s bank account.

6. When the invoice is paid to the factor, the remaining amount (invoice total less the advance less the factor fee) is wired to the customer’s account.
The factoring of medical receivables is a relatively new industry, but is also rapidly growing. It can provide much-needed working capital to providers for meeting expenses, making investments, growing the practice, and taking advantage of early payment discounts.

Kent Harlan has been a CPA since 1984 and is the owner of Ozarks Capital Funding, a firm offering financing in the areas of accounts receivable factoring, equipment leasing, and financing for healthcare providers. http://ocflink.comkenth@ocflink.com

Texas Medical Billing Services

Friday, June 11th, 2010

Medical billing is a rapidly expanding field in the healthcare sector, and the demand for skilled medical billing specialists is on the rise. There are many companies now offering medical billing services in Texas in an effective and prompt manner. These companies assist with the tedious tasks of billing and follow-up functions, thus allowing you to concentrate more on your core business.

The process of medical billing involves preparing, submitting as well as following up on insurance claims. The procedures involved in medical billing applications and insurance claims are highly complex. Since most medical office personnel do not have much time to process claims with the insurance companies, they outsource their medical billing assignments to other locations.

Most of the medical billing companies in Texas provide medical billing services to all types of practices and organizations, including physicians’ groups, clinics, hospitals, large healthcare facilities and insurance companies. The companies appoint well trained and highly qualified billing specialists to carry out all the medical billing procedures in an efficient way. They also take care of your insurance details and medical coding processes as part of their services.

Mentioned below are some of the medical billing services provided by medical billing companies:

•    Demographic and insurance information
•    Insurance verification procedures
•    Authorization
•    Cash posting
•    Charge entry
•    Accounts receivable follow up and collections
•    Insurance collection

You can enjoy a number of benefits by using the services of a well established medical billing company:

•    Electronic processing
•    HIPAA compliance
•    Complete medical billing management
•    Improve your cash flow and collections
•    Reduce billing costs
•    Reduce payer denials
•    Eliminate billing headaches

Before relying on a medical billing firm in Texas, it is better to perform considerable research in terms of rates, services, and other associated factors. As many of the medical billing companies offer free trial version for service quality evaluation, it is an excellent idea to take advantage of those free trial packages.

Outsource Strategies International (OSI), a Managed Outsource Solutions company, is a medical transcription company and a medical billing services company. OSI delivers medical transcription outsourcing services to a wide range of healthcare facilities nationwide.

Medical Accounts Receivable Financing-stat!

Thursday, June 10th, 2010

According to the U.S National Library of Medicine and the National Institutes of Health Medline dictionary the word “stat is an adverb for the latin word: STATIM. Statim is an adverb that means immediately or without delay. When a persons arrives at the hospital emergency room with a gunshot wound, the staff might say, “We need to get this patient to surgery stat!” meaning immediately, now. In a medical situation “stat” connotes extreme urgency. Does your medical business need to accelerate cash flow with accounts receivable financing “stat”?

One of the greatest challenges for medical professionals is managing their accounts receivable. Medical accounts receivable typically are the largest asset on their balance sheet. It typically takes 60 to 120 days or more to collect medical accounts receivable because of the long reimbursement process from third party payors, such as Medicare, Medicaid, and commercial insurance companies. The collection process is long and complex. Disputes regarding payment amounts are common. Medical accounts receivable financing accelerates cash flow to pay for expenses such as payroll, malpractice insurance, rent, inventory and advertising.

What are the types of medical professionals that may qualify for medical accounts receivable financing? The following is a partial list: hospitals, medical centers, rehabilitation centers, medical laboratories, surgical centers, sports medicine centers, MRI imaging centers, physical therapy centers, substance abuse clinics, physical therapy centers, manufacturers and/or distributors of medical devices, and physician’s practices whether general or specialized from A to Z such as anesthesiologists, gastroenterologists, obstetricians, and Zygote – Morula Specialists.

How lengthy is the process to obtain medical accounts receivable? It generally takes four to eight weeks to obtain funding because of the unique issues presented. The commercial finance company must perform extensive audits and analysis of the prospective client’s financial situation. They need to determine that the business is and will be a “going concern”. They need to examine billing practices which often are outsourced. This may require a separate audit of a third party. And they need to examine the forseeability of collection of the outstanding accounts receivable by auditing the accounts receivable aging reports from a historical collection perspective. In other words, how much of the amounts owed will be collection losses? How much will actually be collected?

What are other unique issues regarding medical accounts receivable financing? There are potential bankruptcy issues, lien priority issues and the “big bad wolf” issue: after a commercial finance company has purchased medical accounts receivable, the federal government can assert lien priority on the assets of a bankrupt medical company. One example of this is the case of American Investment Financial (“AFI”) versus the US also known as the internal revenue service.

AFI loaned over $800,000 to a pediatric and urgent care clinic. The clinic defaulted on their financial obligations to AFI and also defaulted on their tax obligations to the federal government. It was undisputed that AFI had followed the rules correctly in terms of filing their liens and perfecting their security interests. Nevertheless, the court held that pursuant to Federal law, after a 45 day statutory safe harbor period had passed, the government’s lien took priority. AFI lost hundreds of thousands of dollars because of federal tax law and IRS regulations. It is no wonder that commercial finance companies look very carefully before they purchase medical accounts receivable.

Commercial finance companies will generally advance an amount equal to 70% to 80% of a borrowing base, which may be called “the aggregate amount of eligible accounts”, “net realized value” or “net expected collections”. You can expect the following items to be excluded from your borrowing base: accounts which are subject to dispute, counterclaim or setoff; accounts of any account debtor who has filed or has filed against it a petition in bankruptcy; accounts owed directly by patients or customers.

The bottom line: medical accounts receivable financing, or medical factoring, is more difficult to obtain than other types of factoring because of the legal risks and business risks faced by the lenders. The process to obtain medical accounts financing usually takes much longer than accounts receivable financing for other industries, such as a manufacturer. This good news is, once the credit facility is established, funding can take place in a day or less from your request for financing. You can have medical accounts receivable financing “stat”!

Copyright © Gregg Financial Services


Mr. Elberg is a licensed attorney and licensed real estate broker. Gregg Financial Services is a full service brokerage for commercial finance companies and banks that fund B2B businesses. Mr. Elberg arranges funding from $25,000 to $50 million per month at competitive pricing, and works to reduce your financing costs as your company grows. For more information about GFS, please visit our website: http:www.greggfinancialservices.com

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