M.M.B. Financial Expands Its Cash Flow Solutions Into the Healthcare Service Industry

NEWARK, Del. - Nov. 7, 2016 - s4story -- M.M.B. Financial, a financial service company located in Newark, Delaware, is expanding its clientele to include businesses in the healthcare industry.

The company, which has traditionally offered cash flow solutions to personal injury plaintiffs and attorneys in the form of lawsuit funding and litigation financing, now offers a way to improve cash flow for healthcare service providers such as medical transcription, billing and coding companies, medical equipment suppliers, and staffing and home healthcare agencies.

Many businesses such as these often suffer from poor cash flow due to slow payment of customer invoices, often waiting 30, 60, or even 90 days for payment for their products or services.  These payment delays can affect a small or mid-sized company's ability to make payroll, purchase additional inventory or supplies, or pay their own vendor contracts or invoices in a timely manner.  A relatively simple program called factoring, in which the business sells its account receivables at a discount in exchange for an immediate lump sum of cash, can dramatically improve the financial well-being of a healthcare service business.

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"Factoring is an age-old method used by countless businesses around the world, but the process is relatively new in the healthcare sector," says Melane Bower, president of M.M.B. Financial. "There are many benefits of factoring for businesses that serve doctors' offices, hospitals, and clinics, and we are excited to provide a solution that can help them improve their cash flow and subsequently grow their business."

Headquartered in Newark, Delaware, with a satellite office in Wilmington, Delaware, M.M.B. Financial offers its services to law firms and businesses nationwide.  Healthcare business principles can contact the company at 888-227-1037 or visit http://www.mmb-financial.com to learn more about how to improve their cash flow today.

Melane Bower

Source: M.M.B. Financial

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