PRN Funding Contributes to August Edition of Matrix Journal

Phil Cohen, CEO of PRN Funding, LLC, recently wrote a piece for the August 2009 edition of Health Data Matrix (the business and technology journal of AHDI and MTIA).  From pages 18-20 in the journal, Cohen outlined five questions every medical transcription service owner (MTSO) should ask their factoring company.  The questions are listed below:

  1. Do you understand the medical transcription industry?
  2. How flexible is your factoring program?
  3. How long will it take to get my questions answered?
  4. How long have you been in business?
  5. What are your fees?

These questions don’t just apply to MTSOs; all health care vendors should ask these questions to become comfortable with their factoring firm.

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