Medical Transcription

Medical transcription providers often get their accounts receivables tied up in a waiting game.   Many healthcare providers outsource their medical transcription needs to large healthcare documentation companies.    Companies like GMT, Viva Transcription, and Medscribe handle large amounts of medical transcriptions and deal with many different healthcare providers.    What happens when one or many of their clients take 30-60 days to pay?    There are cash crunches and strains on hiring more transcribers, meeting payroll and overall growth of the company.   Invoice factoring can provide relief when working capital gets tough to come by. Money When Your Business ... Read More

FOR IMMEDIATE RELEASE Ft. Lauderdale, FL, January 30, 2012: Paragon Financial Group (“Paragon”) today announced that it has provided an $800,000 factoring line of credit to a medical employment and executive search company. The factoring line of credit will provide ongoing working capital to fund payroll and related expenses. Based in Boca Raton, Florida, the Company offers to recruit and staffing services for both permanent and temporary positions for clients in the healthcare and medical industries. They identify, select and place traveling executive nurses, allied health specialists, pharmacists, physicians, and hospital management executives. The nine-year-old Company had a business plan ... Read More

Paragon Financial Group, Inc. is delighted to announce a recent success story of a new PO financing and accounts receivable factoring facility for a Florida Department of Health supplier.  Funds will be for fulfilling purchase orders for child car seats shipped to various children’s hospitals mandated by the State. Money When Your Business Needs It Most!™

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FOR IMMEDIATE RELEASE Miami, FL, 8/11/2011 – Paragon Financial Group, Inc. has provided payroll funding via a factoring facility to a growing healthcare staffing agency based in Fayetteville, GA.  The company provides temporary nurses to major hospitals throughout Georgia. Healthcare facilities across the United States rely on staffing agencies to provide temporary and long-term nurses as the demand for healthcare remains at an all-time high.  For the last ten years, our client had run a successful nurses registry supplying nurses to healthcare facilities.  Unfortunate circumstances resulted in a downsizing of the business.  These changes led to daily operational difficulties and ... Read More

Medical transcription is a field that has been growing immensely in the last decade or so. Companies within in the medical transcription service industry, especially experienced ones, are often able to secure lots of business. However, whether a company is just starting out or is quite established, money, particularly cash flow, can become a problem from time-to-time. With little money, it can be challenging to experience to grow one’s business. One very good to remedy to low cash stores is invoice financing. Raising Capital Through Invoice Financing Invoice financing is an excellent way for companies, both new and old, to raise capital. ... Read More

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