|
|
|
|
Overview
ABL|360 is a Web-based application that enhances your bank’s ability to manage a traditional borrowing- based credit facility for healthcare providers. ABL|360 allows you to receive data directly from a provider’s patient accounting system in order to develop and track the proper advance rates for each client and each payer. Additionally, the system enables your bank to track the value of other collateral such as inventory, stock, and fixed assets of the borrowing client.
Structured as a traditional loan secured by company assets, ABL|360 places your bank in the unique position of being able to offer revolving lines against collectible medical claims, and to monitor the performance of those claims over time. This allows regional and community banks to compete with specialty lenders such as GE Medical Credit, as well as the medical lending divisions of the larger money center banks such as Bank of America.
ABL|360 utilizes technology to arm your bank with information regarding the collateral assets that support revolving lines of credit. The heart of the system is an interface that receives data pertaining to the accounts receivable of healthcare providers from their patient accounting system. This allows the bank and the medical business client to see all the information necessary to enjoy a successful financing relationship.
Benefits
- Ease of use – for both your bank and client
- Effective Monitoring
- Reduces paperwork
- Simplifies loan review
- Cost effective
How Does It Work?
- Insight develops an interface with the patient accounting system of the client.
- Your bank establishes a borrowing base by setting the appropriate advance rates of accounts receivable by payor type, as well as other assets.
- The healthcare provider is able to make draw requests based on the availability of the availability.
- Your bank and the client use ABL|360 to update information and to monitor line availability.
To learn more about ABL|360 contact us
|
|
|
|
|
