A/R Finance & Factoring Terms GLossary
What is3rd Party Payee
A 3rd Party Payee is a term you will see in medical factoring. The medical provider wants to monetize her A/R. However, her client is typically individual patients, but the bills are paid by a 3rd party, i.e. Medicare, Medicaid, Humana, Blue Cross, etc. This is why Medical Factoring is a small subset of general factoring. However, Paragon does have robust Nurse Staffing and Medical Transcription Programs for our B2B and B2G clients.
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