Running a healthcare staffing agency is no easy task. Even the most well-managed healthcare staffing agencies find payroll, rapid growth, and similar challenges complicated issues to deal with. Scheduling, federal and state staffing requirements, patient acuity, and balancing nurse-patient ratios all impact the bottom line. PLEX Capital is here to provide immediate relief through payroll funding so you can focus on what you do best, getting your staff to the patients that need them most.

Invoice Factoring is the Most Effect Method to Secure Your Agency’s Financing

Invoice factoring is one of the most effective ways to secure nurse staffing agency financing. Staffing factoring is selling invoice receivables at a discount in exchange for immediate payment. Healthcare staffing factoring is a fast, safe and affordable way for the healthcare staffing industry to meet their business needs by providing easy access to working capital. The huge benefit of a factoring facility is that it provides nurse staffing agencies with immediate payment on invoice receivables compared to typically waiting for 30, 60 or 90 days for customers to pay. Need payroll funding for your healthcare staffing agency? Our fast invoice factoring service will give you the working capital you need right now.

Funding Options for Your Healthcare Staffing Agency

Payroll funding through invoice factoring serves a wide range of healthcare staffing segments. This includes, but is not limited to:

• General Nurse Practitioners (NP) and Family Nurse Practitioners (FNP)

• Registered Nurses (RN) and Licensed Practical Nurses (LPN)

• Home Care Registered Nurses

• Clinical Nurse Specialists (CNS)

How Does Invoice Factoring Work? 

• Invoice your customer and send a copy of the invoice to your factoring company.

• The factoring company verifies the invoice to ensure services were provided and the invoice is accurate. Advance payment, up to 90% of the invoice face value, is transferred directly to your account within 24 hours. A small fee is deducted, and the remaining balance is held as a reserve until your customer pays the invoice in full to the factoring company. 

• The reserve is lifted and transferred directly to your account when the invoice is paid. 

The big payoff is – the more your business grows, the more you get paid. Invoice factoring is the only funding option that grows with your staffing business. This feature allows you to take on new customers and grow your staffing pool, knowing that your access to working capital increases as your business grows. Get funded today with PLEX Capital!