Medical Lien (LOP) Purchasing
A/R Servicing and Collections
Serving & Collections: We collect outstanding receivables and update case status on the remainder. Any account that is truly uncollectable is returned to the client as a bad debt write off.
Servicing Fee: 25% of total collected receivables
Factor Fee: 2.0%-2.5% of ECV for every 30 days the claim is outstanding
Installment loan secured against receivables. Typically 18 mo. term with flexible payment options, including interest only.
Interest rate: 2.5% - 5% of loan amount monthly
Installment loan similar to business loans used specifically for the purposes for leasing equipment. Payment goes directly to equipment provider allowing for more favorable terms.
Interest Rate: 2.0% - 4.5% of loan amount monthly
*Specific terms and conditions can change at any time. Please contact MedBanker for the most up-to-date terms and conditions.