SUN CAPITAL HEALTHCARE TO EXHIBIT MEDICAL BUSINESS
FUNDING ALTERNATIVES AT
MEDTRADE SPRING 2008
MAY 7-8, 2008
LONG BEACH CONVENTION CENTER
Sun Capital Healthcare will be meeting with small, medium and large
healthcare businesses to discuss funding alternatives such as medical
business receivable funding
BOCA RATON, FL (April 21, 2008)--Sun Capital HealthCare (SCH) will be exhibiting at Medtrade Spring 2008 from May 7-8, 2008 at the Long Beach Convention Center in Long Beach, California, announced SCH Senior Vice President, Business Development Jim Beutel.
SCH (www.suncapitalhealth.com), a leading nationwide financial services company providing customized, innovative Medical Accounts Receivable (MAR) funding programs exclusively for the healthcare industry, will be located at booth 1161, with display materials and financial professionals available for private one-on-one meetings to discuss funding alternatives for small and large businesses.
Medtrade Spring, a mid-year event for those engaged in the home healthcare business, offers industry participation and networking opportunities for home medical equipment, rehab and respiratory providers, home health and home infusion providers, pharmacies, and ancillary healthcare professionals. The event provides thousands of home healthcare professionals as well as small businesses with a cost-effective forum for unparalleled education and training. The show also provides a first peek at the newest healthcare products and related services, including funding alternatives, being brought to the market with more than 400 exhibiting companies showcasing 90,000 net square feet of products and services.
Beutel noted that with reimbursements falling, expenses rising, and payments lagging, more and more healthcare providers are adding SCH as a strategic funding resource to their financial relationships. Home healthcare companies, in particular, have found that, whether in growth mode or fiscal stress, SCH’s medical business receivable funding program, specifically developed for financing healthcare businesses, successfully utilizes a currently available and nonperforming asset — medical accounts receivables — to provide immediate working capital needed to create a monthly cash flow plan, meet payroll and overhead, reduce debt, and cut costs by using cash discounts.
Because SCH does not impose restrictions — as banks often do — on how the funds must be used, large and small healthcare businesses alike who select SCH as a funding alternative, are free to use the funds for a variety of needs, including restocking of inventory or new equipment, upgrading of systems and software, enhanced employee development, expansion of existing facilities or funding for the construction or purchase of a new warehouse or building.
Beutel noted that not only is medical business receivable funding debt-free, it grows as patient volume and claims increase, and boosts liquidity while maintaining debt capacity. SCH’s program’s flexibility and immediate cash infusion reduces dependency on debt-incurring bank loans and lines of credit as sole forms of financing. It provides a predictable and steady cash stream and the amount of medical accounts receivable funding is not limited by a bank's often under-valued assessment of the provider's assets.
“Whether you operate a HME or DME company that banks its success on sufficient inventory or a rehab center that needs to make payroll during a cash flow crunch, our flexible debt-free MAR funding programs is a great funding alternative, and can have a significant impact on the ‘health’ of your business operations and growth,” added Beutel. “Medtrade attendees should make a point to visit our booth to meet privately with us to discuss how our flexible healthcare finance solutions can enhance the growth of their business. We encourage registered attendees to call us ahead of Medtrade to pre-set meeting times so we can spend the time they need to learn more about medical business receivable funding and answer any questions they may have.”
SCH is headquartered at 999 Yamato Road, Third Floor, Boca Raton, FL 33431. For more information on SCH’s MAR funding or to set up a one-on-one meeting with an SCH financial professional while at the show, please contact Jim Beutel at jim@suncapital.com, his mobile office (609) 221-1394, or corporate office
(800) 880-1709.
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