1. a secure and profitable way to tap into the medical market
A|RxMed Funding is a program that enables banks to work more effectively and profitably with medical facilities in the marketplace. Offering enhanced monitoring and reporting features ArxMed allows banks to purchase health care receivables while creating new sources of revenue.
*Increase fee income
*Generate core deposits
*Control risk
*Multiple cross sell opportunities
*Work more effectively and profitably with
medical facilities in your marketplace
how does it work?
Insight Healthcare Financial reviews the medical facility’s historical collections for the last twelve months and accurately values both the current and projected A/R by payor on a per claim basis.
The bank purchases a medical facility’s accounts receivable at a discount, giving the facility immediate cash initially on the backlog of receivables and as new receivables are generated on an ongoing basis.
The bank maintains a cash reserve for each facility and monitors the account, using ARxMed web based reporting tools sweeping excess reserves back to the facility once a month.
The bank receives payments through a lockbox as it’s method of controlling repayment from various payors.
ARxMed provides the facility with key management tools which include daily activity, long term collections trends and analysis reporting.
getting started
For more information about A|RxMed Funding, call or