Boca Raton (PRWEB) June 23, 2008
Sun Capital HealthCare Inc. (SCH) will exhibit and discuss debt-free funding opportunities for healthcare at The Annual National Institute (ANI): The Healthcare Finance Conference presented by the Healthcare Financial Management Association, at the Mandalay Bay Convention Center in Las Vegas, Nevada from June 24-25, 2008, announced SCH Senior Vice President, Sales and Business Development, Jim Beutel.
SCH, (http://www.suncapitalhealth.com) a nationwide financial services company and premier provider of Medical Accounts Receivable (MAR) Funding programs exclusively for the healthcare industry, will have senior executives available to meet with attendees to discuss and share case studies on debt-free financing for the healthcare industry and how its MAR funding programs support healthcare providers in both growth and survival modes.
The ANI, the Healthcare Financial Management Association's premier educational and networking event, provides attendees with financial strategies and tools to help their organizations achieve their financial and operational goals.
"With reimbursements falling, costs rising and payments lagging, more and more healthcare financial executives and financial counselors are adding SCH as a strategic funding resource to their financial relationships," noted Beutel. "Whether in growth mode or fiscal stress, they have found that SCH's MAR funding program provides opportunities for healthcare businesses to successfully utilize a readily available and nonperforming asset - medical accounts receivable - to generate immediate working capital and address the cash-flow problems faced by the healthcare industry."
Beutel noted that 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 cash infusion in the manner they determine most productive to their own financial situation. This includes financial strategies such as 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 will discuss with attendees the benefits of using SCH's MAR funding program as a viable funding opportunity for the healthcare industry. Among them:
- SCH's MAR funding is debt-free, so that by making the provider's balance sheet healthier they can protect their credit rating.
- Funding availability grows with patient volume, and is not restricted by credit limits.
- The immediate cash infusion, usually available 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.
- The accelerated cash flow provides working capital that can be used to reduce operational costs or generate new revenue streams.
- • SCH's program is specifically designed for and offered exclusively for the healthcare industry.
Sun Capital HealthCare Inc. is headquartered at 999 Yamato Road, Third Floor, Boca Raton, FL 33431. For more information on SCH and how to schedule a one-on-one meeting with Sun Capital HealthCare at the ANI: The Healthcare Finance Conference, contact Jim Beutel at 800-880-1709 or via e-mail at jim @ suncapital.com.