Date Added: Jan 2010
The medical industry faces the challenge of keeping their practices or medical institutions functioning smoothly for the need of timely working capital. The health care industry is bogged down by the growing accounts receivables from their patients' providers of medical insurance carriers. The medical fraternity also faces the difficulty in keeping tracks of invoices and the billing process; this diverts them from their mainstream work of providing medical care to their patients. Accounts receivable financing is fast emerging solution to this specialized sector.