Healthcare Practice Funding in Odessa, TX

Clock one: the payer

Care is delivered on a given day, a claim goes out within days, and payment arrives later, sometimes in a batch, sometimes after a correction. Between the visit and the deposit, you carry the cost of the visit. This is the insurance reimbursement lag.

Clock two: payroll

Front-desk staff, clinical assistants, billers and providers are paid on a fixed schedule whether or not claims have paid. A new hire adds payroll immediately but adds billable visits gradually.

Clock three: equipment

Exam tables, diagnostic devices, sterilizers and software need replacing on their own timeline, and a failure forces a purchase on a day you did not choose.

Where they collide

Naming the clock that is behind makes it easier to pick a tool that matches the problem.

Odessa’s setting

Odessa is the county seat of Ector County, with 114,428 residents at the 2020 census, and the principal city of a metropolitan statistical area that includes all of Ector County. Healthcare practices in a city of that size serve patients across the county, including nearby West Odessa, and are often small, owner-run operations where one staffing decision shows up in the schedule quickly.

Questions to ask your own billing process

Before borrowing against a reimbursement lag, make sure the lag is not partly a billing problem you can fix for free.

• How long, on average, does it take from visit to claim submission? Every idle day there adds to the wait.
• Which claims are denied or pended, and how fast are they corrected and resubmitted?
• Do deposits arrive in batches, and does payroll land just before or just after them?
• Are patient balances collected at the visit or billed afterward?

A practice that trims a few days from submission and resubmission needs less funding for the same volume. Funding is a good bridge for a gap you understand, and a poor substitute for finding out why the gap exists.

An illustration and how to apply

For illustration only, not our terms: a practice with $50,000 of monthly operating cost and payers averaging six weeks to pay holds nearly a month and a half of cost before revenue. Sizing a request to that carry, plus a cushion, is more useful than guessing at annual revenue.

Funding runs from $25,000 to $5,000,000, funded in as little as 24 hours once the file is complete. The application takes about five minutes with a soft credit pull, and sole proprietors can apply. See the Ector County overview or apply now.