The pinch is timing, not viability.
Private practices, dental groups, urgent care, physical therapy, chiropractic, med spas. Established practices with long tenure and steady receivables are among the lowest-risk files we see, which shows up in how they are priced.
How the money
actually moves.
Practices tend to carry longer tenure, steadier receivables and a lower risk profile than most verticals. The problem is almost never whether the practice is viable. It is timing: insurance reimbursement running sixty to ninety days behind payroll, or a piece of equipment that pays for itself only once it is installed.
Capital here bridges a known gap or funds a known return: a build-out, a device, a partner buyout, a receivable that is coming but not yet here. Because the receivable is real, the structure can be gentle and the early-payoff schedule matters.
Three things it is
usually for.
Insurance receivables aging past 90 days
Payroll is every two weeks; the payer is on its own calendar. A bridge sized to the aging, retired as claims pay.
New equipment
Imaging, lasers, chairs. Equipment financing through a licensed partner with the device as collateral, sized so a new procedure line carries the payment.
Buying out a retiring partner
Structured over a longer term against the practice's own collections.
What your underwriter
reads first.
Specific to healthcare files. The general read, six things every file gets, is on the how it works page.
- 01Collected revenue, not billed revenue, is what we size against.
- 02Payer mix and AR aging are read alongside the statements on larger files.
- 03Tenure and licensure carry real weight in a healthcare file.
What a workable
healthcare file looks like.
These are shapes, not gates. The funder sets the floor, and we place the file where it fits or tell you plainly if it does not.
- Active state licensure for the practice
- Roughly a year or more in operation
- Collections flowing through a business bank account
- Any credit profile
Asked by
healthcare owners.
Yes. All licensed healthcare verticals, cash-pay and insurance-billing alike.
Yes. Acquisitions are usually structured over a longer term through a lending partner, and seller financing can sit alongside.
Yes. Equipment financing is a separate program with the device as collateral and the payment scaled to expected new revenue.