Healthcare, care providers, and health fitness businesses often face cash flow challenges due to long payment terms, with clients like NHS trusts, insurance companies, or corporate wellness programs taking 30, 60, or even 90 days to pay invoices. For example, a care provider might wait 60 days for a £15,000 invoice from a local authority, delaying their ability to pay staff or invest in new equipment. Invoice finance offers a solution by allowing you to borrow against your unpaid invoices, providing immediate access to cash. In this guide, we’ll explore how invoice finance can benefit your healthcare, care, or health fitness business, the steps to get started, and how NexGen Business Finance can help you maintain steady cash flow. Invoice finance can transform your cash flow management, especially in industries with delayed payments and high operational costs. Here are the key benefits: Getting started with invoice finance is straightforward and can integrate seamlessly with your healthcare, care, or health fitness operations. Follow these steps: At NexGen, thanks to our relationships with over 95 lenders, we can often process invoice finance and release funds within 24-48 hours after receiving your invoices. Yes, invoice finance often focuses on the creditworthiness of your clients, not your business. However, terms may vary, so we recommend discussing your situation with our team. Invoice finance works well with NHS or insurance payments. You can submit invoices for services like patient care or therapy sessions, and receive an advance, ensuring cash flow while awaiting payment from these entities. Costs vary but typically include a fee of 1-5% of the invoice value, plus interest on the advance. We can help you find competitive rates tailored to your business. Our terms are transparent. We’ll outline any applicable fees, including early repayment charges (if any), in your agreement before you commit. Invoice finance can be a game-changer for your healthcare, care provider, or health fitness business, providing the cash flow you need to thrive in a demanding industry. At NexGen Business Finance, we’re here to help you find the best invoice finance solution. Contact us today to get started.Invoice Finance for Healthcare, Care Providers & Health Fitness
Benefits of Invoice Finance for Healthcare, Care Providers & Health Fitness
Steps to Use Invoice Finance
Frequently Asked Questions
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