Cookie Consent
By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.
Medical receivable funding companies can offer a wide range of purchase rates for LOP's depending on many factors. Some of those factors have nothing to do with the performance of your practice, but instead, current market competitiveness and the financial situation of the funding company's capital sponsor. How sure are you that your practice is receiving current market rates for your LOP's?
Typical purchase rates are a fraction of the full-bill invoice value, so small changes in purchase rate can deliver large changes in the proceeds to the practice. The only way to ensure you get the best purchase rate on your receivables is to let funding companies compete for them regularly. The Medpay Lien Services auction marketplace does just that in a HIPAA secure, technology driven way. Use the calculator below to see what a 1% or 2% increase in purchase rate does to your bottom-line:
