Boca Raton, FL (PRWEB) March 21, 2008
Sun Capital HealthCare, Inc. (SCH) will participate in the National Healthcare CFO Summit as a Solution Provider in finance for the healthcare industry from April 13-15, 2008 at the Sawgrass Marriott Resort & Spa in Ponte Vedra Beach, Florida, announced SCH Senior Vice President, Sales and Business Development, Jim Beutel.
SCH, (http://www.suncapitalhealth.com ) a premier provider of Medical Accounts Receivable (MAR) Funding programs exclusively for the healthcare industry, will have senior executives available for the private one-on-one meetings to discuss medical accounts receivable funding.
The National Healthcare CFO Summit pairs healthcare executives with solution-providing specialists for private, pre-scheduled consultations regarding strategies and solutions for financing in the health care industry. The event offers hospital and healthcare system Chief Executive Officers, Chief Financial Officers and Vice Presidents of Finance and Administration a highly focused environment for meetings with industry experts, keynote presenters, interactive workshops and informal networking functions.
Beutel noted that with reimbursements falling, costs rising and payments lagging, more and more healthcare providers are adding SCH as a strategic funding resource to their financial relationships. Whether in growth mode or fiscal stress, they have found that SCH's healthcare-specific Medical Accounts Receivable funding program successfully utilizes a readily available and nonperforming asset -- medical accounts receivable -- to provide immediate working capital and addresses the cash-flow problem 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 funds from the financing of their medical receivables in the manner they determine most productive to their own financial situation. This includes 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.
Beutel added that not only is SCH's medical accounts receivable financing debt-free, it grows as patient volume grows so that funding availability is not restricted by credit limits. The immediate cash infusion, usually within 24-48 hours of submission of claims, reduces the healthcare provider's dependency on debt-incurring bank loans and lines of credit as sole sources of financing. Because SCH's program is specifically designed for financing medical receivables for the healthcare industry, the amount of medical receivables financing available to healthcare executives is not limited by a bank's often under-valued valuation of the provider's claims.
"Sun's participation as a Solution Provider in the CFO Summit will give healthcare executives an opportunity to personally meet with our senior staff who will share with them why an increasing number of their colleagues are choosing debt-free MAR funding as a key element in their fiscal planning," said Beutel. "Attendees will be able to speak with us about finance in the healthcare industry and how adding our flexible MAR Funding solutions to their financial strategies can significantly and quickly improve their ability to enhance and grow their healthcare business. This is especially timely in light of the current liquidity crunch which is affecting so many healthcare organizations, even very large and well-established healthcare systems."
Sun Capital HealthCare, Inc. is headquartered at 999 Yamato Road, Third Floor, Boca Raton, FL 33431. Jim Beutel can be reached at 800-880-1709 or via e-mail at [email protected]
For more information on how to schedule a one-on-one meeting with Sun Capital HealthCare at the National Healthcare CFO Summit, please contact Marketing Manager Kaylene Henry, at Marcus Evans Summits at 246-417-5325.