Sun Capital HealthCare Inc. is among the 400 vendors exhibiting their services and technology at the Annual National Institute of the Healthcare Financial Management Association this week in Las Vegas. Sun executives will be on hand discuss debt-free funding opportunities for healthcare.
Sun Capital HealthCare (SCH) has senior executives available to meet with attendees to discuss and share case studies on debt-free financing for the healthcare industry and also how Sun's medical accounts receivables (MAR) funding programs support healthcare providers in both growth and survival modes.
"With reimbursements falling, costs rising and payments lagging, more and more healthcare financial executives and financial counselors are adding SCH as a strategic funding resource to their financial relationships," said Jim Beutel, SCH senior vice president, sales and business development. "Whether in growth mode or fiscal stress, they have found that SCH's MAR funding program provides opportunities for healthcare businesses to successfully utilize a readily available and nonperforming asset - medical accounts receivable - to generate immediate working capital and address the cash flow problems faced by the healthcare industry."
Because SCH does not impose restrictions - as banks often do - on how the funds may be used, SCH-funded healthcare providers have the flexibility to use the cash infusion in the manner they determine most productive to their own financial situation, Beutel said. This includes financial strategies such as purchasing new equipment, upgrading systems and software, enhancing employee development, reducing high interest debt, expanding facilities, or even launching new marketing programs to increase referrals and revenues, he said.