FAQs for AR Purchasing

FAQs for Accounts Receivable Purchasing Program

  1. Who is Infinity?
  2. How is Infinity different from the competition?
  3. As a healthcare provider, why should I use this type of funding?
  4. How does the funding program work?
  5. Who gets to keep the money if more is collected than originally estimated?
  6. What if less is collected than estimated?
  7. What are the typical fees involved?
  8. How is the contract rate determined?
  9. Once Infinity purchases my receivables what happens to the paperwork, payments and reduction requests?
  10. Can the fact that I am selling my lien receivables remain private?
  11. Are my payor sources notified in any way?
  12. What type of diligence review does Infinity perform?
  13. How do I find out if I can qualify for you program?
  14. Are there any costs to find out what you offer?

1. Who is Infinity?

Infinity specializes in funding Medical Care on a lien.

2. How is Infinity different from the competition?

a) Infinity specializes in the Medical Industry and is therefore sensitive to special requests that you may have.

b) The structure of Infinity’s funding program focuses on the future prospects of the Provider rather than the balance sheet.

3. As a healthcare provider, why should I use this type of funding?

• Infinity provides funds based upon the value of your receivables, rather than the credit history and financial statements.

4. How does the financing program work?

• You receive funds today for services rendered, while Infinity does the

waiting for the insurance company to make payments.

• You continue to provide medical care to your patients.

• Infinity can finance your lien receivables the agreed upon contract rate for the estimated value of your receivables on a monthly, bi-monthly or quarterly basis, thereby you have on-going cash generated even if you increase your personal injury lien business.

5. Who gets to keep the money if more is collected than originally estimated?

Depending on the contract between you and Infinity, certain terms apply. For example, if more is collected on the receivables than expected then Infinity returns half of the additional funds to you. In other words, you retain the upside of collections.

6. What if less is collected than estimated?

Depending on the contract between you and Infinity, if less is collected you might need to replace the amount of the shortfall with a new receivable.

7. What are the typical fees involved?

There are no fees. Infinity will pay you the agreed upon contract rate for the estimated value of your receivables.

8. How is the contract rate determined?

The contract rate will vary based on the Purchase Agreement with Infinity. Infinity will pay a higher rate if the Agreement allows Infinity to receive another receivable to replace receivables that are collected below the amount estimated. If you prefer to have Infinity take all the risk then Infinity will pay you a lower rate and also have additional requirements for purchasing your receivables.

9. Once Infinity purchases my receivables what happens to the paperwork, payments and reduction requests?

Infinity will take over the follow-up for all the receivables that have been purchased.

10. Can the fact that I am selling my lien receivables remain private?

Absolutely! The company that manages this program is Global Medical Billing (GMB). GMB simply advises parties that the administration of the lien receivables has been substituted from the providers office to GMB for ease of operations. Details are not disclosed to attorneys or other providers.

Privacy is considered an important value and our staff is trained to be sensitive and aware in all instances.

11. Are my payor sources notified in any way?

Yes, the attorneys and the insurance companies are notified that your receivables are acquired, and they are asked to communicate with Global Medical Billing (GMB), for all reduction requests and/or payments. By using GMB our relationship will be kept discrete.

12. What type of diligence review does Infinity perform?

Infinity does case verification and document verification such as ensuring that the lien documents are signed and billings have been processed appropriately.

13. How do I find out if I can qualify for you program?

The Process is easy

a) Use our toll free number (877) 746-3497 and speak with an Infinity representative.

b) We can fax or email you a simple application form, which you complete and fax back. We are here to assist you with any questions that you may have.

c) Within 24 hours of receipt, Infinity will assign a representative to start the due diligence.

14. Are there any costs to find out what you offer?

No, consultation and the application process are free of charge.

Infinity Health Connections
1700 W. Horizon Ridge Parkway
Suite 206
Henderson, NV 89012
Phone: (702) 228-3499
Toll Free: (877) 746-3497
Fax: (702) 383-5079
info@infinityhealth.com
Accounts Receivable Healthcare