Account Receivable Factoring or Small Business Loan: Which is a Better Financing Option for Outsourced Medical Coding Companies?
Comparing and contrasting medical coding account receivable factoring to a loan from a bank sounds like a daunting task. To be honest, it’s hard to compare the two equally because one financing mechanism creates debt by lending money (i.e. bank loan), whereas the other one creates immediate cash flow by advancing cash on purchased invoices (i.e. factoring).
Thankfully, comparing the two medical coding funding options doesn’t have to be difficult. Click here for a handy comparison chart outlining the key differences between medical coding account receivable factoring and bank financing.