A Florida medical practice bridged a 90-day insurance reimbursement gap
A multi-location primary care group used working capital to cover payroll while insurer reimbursements lagged by ninety days.
Amount Funded
$320,000
Financing
Working Capital
Industry
Healthcare
Location
Orlando, FL
The Challenge
A primary care group operating three clinics faced a ninety-day lag between service delivery and insurer reimbursement. The gap threatened payroll for two dozen clinical staff and put a planned fourth location at risk.
The Solution
Nifty built a capital profile around the practice's receivables cycle and matched it to a working capital advance sized to cover three months of payroll. The application flow used the practice's monthly billing statements instead of requiring collateral.
The Outcome
The advance funded in four business days, payroll was met on schedule, and the fourth clinic opened on time. As reimbursements cleared, the practice repaid the advance from cash flow and kept a revolving facility in place for future gaps.
"We were thirty days from a payroll crisis. Nifty moved at the speed of our receivables, not a bank's calendar."
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