In addition to the flagship core Payspan network, the company recently launched a major upgrade to its provider i need business loan revenue cycle management solution called Patient Financial Engagement (PFE). PFE enhances providers ability to collect patient payments at the point-of-care reducing bad debt by up to 80%. We are impressed with the robust software-as-a-service (SaaS) solutions that Payspan has brought to market and its growing payer, provider and consumer customer base. With a strong management team leading the organization, we are particularly excited about the companys growth prospects to leverage the rapidly changing reimbursement landscape in healthcare as a competitive advantage to drive business outcomes. We are confident that our partnership with Payspan will enhance its position as a market leader and fuel further innovation that will benefit customers, said Phil Molner, Managing Partner of Primus. Chris Welch, Principal of Primus, added Payspan is a clear fit for our healthcare technology portfolio and will benefit from the synergies and growth capital we bring to the business. We look forward to working with the current management team to grow the business by accelerating investment in developing new solutions and growing the customer portfolio. The new funding will allow Payspan to extend its industry-leading product set to address developing challenges in healthcare reimbursement and invest in expanded marketing and sales initiatives to drive customer engagement. As payers and providers face unprecedented increases in patient financial responsibility while managing new reimbursement models, Payspans further expansion addresses these changing needs. As the healthcare reimbursement model continues to get more complex, Payspan is in a unique position to work collaboratively with payers and providers to solve the most difficult financial challenges facing the market today and in the future.
Factoring provides a reliable and steady source of cash for companies. For example, a business can sell a piece of production equipment to another facility in exchange for cash. Since the amount of capital available is often limited, it is allocated among various businesses on the basis of price. Transfers of capital may also take place indirectly through an investment banking house or through a financial intermediary, such as a bank, mutual fund, or insurance company. Debt refers to loans and other types of credit that must be repaid in the future, usually with interest. Finance & Investment Handbook. Most lenders will require a small business owner to prepare a loan proposal or complete a loan application. Another factor in determining capital structure involves a firm’s tax position. There are trade-offs involved: using debt capital increases the risk associated with the firm’s earnings, which tends to decrease the firm’s stock prices.
This type of business capital tends to be for smaller, day to day expenses rather than the big things that loans and bigger forms of business capital would be used for. These sources can be broken down into two general categories, private and public sources. Among those eligible for this kind of assistance are small businesses, certain minorities, and firms willing to build plants in areas with high unemployment.” Therefore, the cost of equity capital is higher for small firms.” All of these items are inputs that can be used to create wealth.