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Looking for a profitable way to tap the medical market?
Overview
MedCashManager® is a proven program that enables banks to broaden their portfolio, generate fee income and increase core deposits. Creditworthy yet
cash flow constrained medical facilities can get cash for accounts receivable (A/R) every day by selling them to your bank at a discount on a full-recourse
basis with a flexible cash collateral reserve. Powered by the banking, technology, and business development experts at Goldleaf, MedCashManager matches each bank
client with a sales and marketing professional to ensure the program's success.
MedCashManager enables your bank to:
Work more effectively and profitably with medical facilities in your marketplace
Market and sell the program to existing and prospective customers with the help of a Business Development Manager from Goldleaf who is assigned to your bank
Increase fee income
Monitor risk
Generate core deposits
How does it work?
1.
Your bank purchases a medical facility's accounts receivable at a discount, giving the facility immediate cash both initially and ongoing as new receivables are generated.
2.
Your bank establishes a cash reserve for each facility and monitors the account, sweeping excess reserves back to the facility once a month.
3.
Your bank provides the facility with key management reports on funded transactions, such as Aged Receivables and Customer Balances.
4.
Your bank receives payments from the facility's debtors through a lockbox.
Getting Started
To learn more about MedCashManager, contact us at 800-235-5584 or
