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Here are some more information for Can Statim:

Medical Accounts Receivable Financing-stat!

According to the U.S National Library of Medicine and the National Institutes of Health Medline dictionary the word “stat is an adverb for the latin word: STATIM. Statim is an adverb that means immediately or without delay. When a persons arrives at the hospital emergency room with a gunshot wound, the staff might say, “We need to get this patient to surgery stat!” meaning immediately, now. In a medical situation “stat” connotes extreme urgency. Does your medical business need to accelerate cash flow with accounts receivable financing “stat”?

One of the greatest challenges for medical professionals is managing their accounts receivable. Medical accounts receivable typically are the largest asset on their balance sheet. It typically takes 60 to 120 days or more to collect medical accounts receivable because of the long reimbursement process from third party payors, such as Medicare, Medicaid, and commercial insurance companies. The collection process is long and complex. Disputes regarding payment amounts are common. Medical accounts receivable financing accelerates cash flow to pay for expenses such as payroll, malpractice insurance, rent, inventory and advertising.

What are the types of medical professionals that may qualify for medical accounts receivable financing? The following is a partial list: hospitals, medical centers, rehabilitation centers, medical laboratories, surgical centers, sports medicine centers, MRI imaging centers, physical therapy centers, substance abuse clinics, physical therapy centers, manufacturers and/or distributors of medical devices, and physician’s practices whether general or specialized from A to Z such as anesthesiologists, gastroenterologists, obstetricians, and Zygote – Morula Specialists.

How lengthy is the process to obtain medical accounts receivable? It generally takes four to eight weeks to obtain funding because of the unique issues presented. The commercial finance company must perform extensive audits and analysis of the prospective client’s financial situation. They need to determine that the business is and will be a “going concern”. They need to examine billing practices which often are outsourced. This may require a separate audit of a third party. And they need to examine the forseeability of collection of the outstanding accounts receivable by auditing the accounts receivable aging reports from a historical collection perspective. In other words, how much of the amounts owed will be collection losses? How much will actually be collected?

What are other unique issues regarding medical accounts receivable financing? There are potential bankruptcy issues, lien priority issues and the “big bad wolf” issue: after a commercial finance company has purchased medical accounts receivable, the federal government can assert lien priority on the assets of a bankrupt medical company. One example of this is the case of American Investment Financial (“AFI”) versus the US also known as the internal revenue service.

AFI loaned over $800,000 to a pediatric and urgent care clinic. The clinic defaulted on their financial obligations to AFI and also defaulted on their tax obligations to the federal government. It was undisputed that AFI had followed the rules correctly in terms of filing their liens and perfecting their security interests. Nevertheless, the court held that pursuant to Federal law, after a 45 day statutory safe harbor period had passed, the government’s lien took priority. AFI lost hundreds of thousands of dollars because of federal tax law and IRS regulations. It is no wonder that commercial finance companies look very carefully before they purchase medical accounts receivable.

Commercial finance companies will generally advance an amount equal to 70% to 80% of a borrowing base, which may be called “the aggregate amount of eligible accounts”, “net realized value” or “net expected collections”. You can expect the following items to be excluded from your borrowing base: accounts which are subject to dispute, counterclaim or setoff; accounts of any account debtor who has filed or has filed against it a petition in bankruptcy; accounts owed directly by patients or customers.

The bottom line: medical accounts receivable financing, or medical factoring, is more difficult to obtain than other types of factoring because of the legal risks and business risks faced by the lenders. The process to obtain medical accounts financing usually takes much longer than accounts receivable financing for other industries, such as a manufacturer. This good news is, once the credit facility is established, funding can take place in a day or less from your request for financing. You can have medical accounts receivable financing “stat”!

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About the Author

Mr. Elberg is a licensed attorney and licensed real estate broker. Gregg Financial Services is a full service brokerage for commercial finance companies and banks that fund B2B businesses. Mr. Elberg arranges funding from $25,000 to $50 million per month at competitive pricing, and works to reduce your financing costs as your company grows. For more information about GFS, please visit our website: http:www.greggfinancialservices.com

Can anuone translate latin into english?

Interea Eucleides, qui prima luce exierat, iam domum redierat. Statim cubiculum puerorum petivit et, "Eho pueri!" inquit. "Cur nondum surrexistis? Abhinc duas horaas ego surrexi. Quod novum librum emere volebam, in Argiletum mane descendi ad tebernam quandam ubi in postibus nomina multorum poetarum videre potes. Catullus, Flaccus-"
At pueri celeriter interpellaverunt quod Eucleides, ut bene sciebant, semper alquid novi docere volebat, "Quid in viis vidisti.?
Eucleides, "Nihil," inquit, "nisi miserum hominem lapidibus oppressum. Boves lapides quadratos in plaustro trahebant ad novum aedificium quod Caesar prope Domum Auream condicit. illud aedificium est ingens amphitheatrum et mox princeps ludos ibi faciet. Si boni pueri fueritis, fortasse ad ludos ibitis."

Meanwhile, Euclid who had gone out at daybreak, came home. He immediately went to the children's room/nursery and called out "Hey children! How come you are not up yet? I have been up for 2 hours already. As I wanted to buy a new book I went down to the Argiletus to a shop on whose shelves I saw the works of many poets:Catullus, Flaccus (i.e Horace).
But the children quickly interrupted him, as they knew full well that he always wanted to teach them something new. "What have you seen on the streets?" "Nothing" he said, "except a poor man (forced to) carry stones. Oxen were used to pull carts with stones to the new building that Caesar/the Emperor ordered to be built near the Domus Aurea (Nero's residence). That building is an enormous amphitheater and the ruler/Emperor will soon organize (gladiator) games there. If you will behave you might attend those games as well.

Abilene private school resurrects Latin lessons
Public schools in Abilene haven’t offered Latin classes in more than a decade, but the language some call dead is being kept alive at the Providence Classical Academy on South 14th Street.

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