Healthcare Cash Advance
ProMED’s Healthcare Cash Advance converts your future insurance receivables into immediate capital. Normally, when you bill your patients, their insurance providers send remittance directly to your bank account. When you take financing with ProMED we simply divert those payments into a new account in your name, and apply a small percentage towards the repayment of your Advance. There’s no accruing interest regardless of how long it takes to repay. If business is slow, the amount of your payments decrease automatically.
For Healthcare Businesses looking for a more familiar form of financing, ProMED’s Loan Product is a fast, affordable option that does not require your business to accept insurance. You’ll receive a lump sum dollar amount with a set repayment which will never increase because there is absolutely NO accruing interest over the life of the loan. Payments are made automatically so there is no paperwork to track, or fear of missing a payment.