I UNDERSTAND THAT MEDICARE/MEDICAID RECEIVABLES ARE NOT ASSIGNABLE, HOW ARE WE SUPPOSED TO ASSIGN THEM TO A FACTORING COMPANY?
• A: You are correct to a degree. However, we will establish a Banking Lock-Box under your business name, and once Medicare/Medicaid remits their reimbursement, the account we established together will immediately forward the funds to us. And, you have followed the letter and the intent of the law. Additional details can be addressed during the due diligence phase obtained on this issue.
Related Questions
- I UNDERSTAND THAT MEDICARE/MEDICAID RECEIVABLES ARE NOT ASSIGNABLE, HOW ARE WE SUPPOSED TO ASSIGN THEM TO A FACTORING COMPANY?
- How can claimants assign periodic payments when the insurance company says that they are not assignable?
- Does Medicare, Medicaid or my Insurance company pay for all medical equipment and supplies?
