Healthcare providers struggle to balance daily capital needs with long collection periods from 3rd party, self-pay and other payer groups. BlueSquare Health offers its clients best-in-class financing solutions. Our program follows three simple steps:
Step 1: Consultation:
A representative from our team will meet you in person to discuss your liquidity needs. Key items to discuss are:
- How much funding does your organization need?
- What could the funding be used for?
- How long do you expect to need the capital for?
- What assets are available to support various financing alternatives?
Step 2: Receivables Evaluation:
Using BlueSquare Health’s proprietary Receivables Management software, we will:
- Analyze your historical collections to determine the likely 3rd party payment amount
- Provide our expert opinion into how your Receivables Management process compares with other organizations and provide insights into how collection time and recoveries can be improved
Step 3: Initial Receivables Funding:
We will provide you with funding secured by an identified set of Receivables (Insured or Self-Pay). We typically advance between 50-80% of the estimated recoverable value
As a courtesy to our clients, we will provide an evaluation as to how your receivables collections compare with peers. In partnership with Cain Health, we are able to offer a full suite of accounts receivable management services