The factoring experts at PRN Funding, LLC announced this week that it is now accepting factoring applications from home care agencies. For the convenience of the factoring blog‘s readers, we have included the text from the official press release below:
Cleveland, OH-Keeping up with the ever-changing medical staffing marketplace, PRN Funding, LLC made a formal announcement this week that it is now accepting home care factoring applications.
Previously, the focused accounts receivable factoring firm has worked exclusively with healthcare vendors that sell goods or deliver services directly to medical facilities. By adding home care agencies to their repertoire, the invoice funding firm is now able to collect payments directly from multiple state governments and their agencies.
“It has come to our attention that home care agencies and private duty firms could benefit greatly by PRN Funding’s factoring services,” said PRN Funding’s president, Philip Cohen. “It’s a growing market that we are excited to help.”
Home care, private duty and in-home care are all phrases that refer to a specialized care or life assistance care given to a person within the confines of his/her home rather than in a medical facility.
With years of experience in healthcare services financing, PRN Funding has a precise understanding of the unique challenges within the demanding business of serving vendors to healthcare institutions. PRN Funding offers financial resources to these companies by purchasing their accounts receivable–a process known as ‘factoring,’ which provides the cash needed to sustain and grow a healthcare business.
For more information, please visit PRN Funding’s Home Care Factoring page.