Date Added: Jan 2010
Factoring is when a business sells its receivables for a service or product delivered to another business. Many people in the healthcare industry think that medical receivables can't be factored because the "Customer" is a person and not a business. But medical receivables can be factored because in most cases, your payment comes from Medicare, Medicaid, Blue Cross/Blue Shield, Aetna, etc. In other words, the payment is coming to you from a business, so the receivables CAN be factored.