Healthcare
Medical practices, dental offices, veterinary clinics, and healthcare companies face unique cash flow challenges driven by insurance reimbursement delays that can stretch 60 to 90 days. Impruvu connects healthcare businesses with specialized lenders who offer funding from $25,000 to $5 million, helping you invest in equipment, hire staff, and open new locations without waiting on insurance payments.
Funding for Healthcare
Healthcare businesses operate in a revenue environment unlike any other industry. Insurance reimbursement cycles average 45-90 days, creating persistent cash flow gaps even for highly profitable practices. A single MRI machine can cost $1 million to $3 million, and even routine diagnostic equipment upgrades can run $50,000 to $200,000. These capital demands make reliable funding essential for healthcare providers at every stage.
Impruvu partners with lenders who specialize in healthcare financing and understand the nuances of insurance-based revenue. Our accounts receivable financing solutions let you borrow against outstanding insurance claims, unlocking cash within 24-48 hours instead of waiting 60-90 days for payment. Equipment financing options cover everything from imaging systems and surgical tools to dental chairs and veterinary lab equipment.
For practices looking to expand, we offer SBA loans and term loans designed for multi-location buildouts, tenant improvements, and practice acquisitions. Many of our healthcare clients use a combination of a revolving line of credit for day-to-day cash flow management and a term loan for larger growth investments.
Common Healthcare Funding Challenges
Why Choose Impruvu for Healthcare Funding
- Accounts receivable financing that converts outstanding insurance claims into working capital within 24-48 hours
- Medical equipment financing up to $5M with terms up to 7 years, covering new and refurbished devices
- Lenders who understand healthcare revenue cycles, insurance reimbursement timelines, and credentialing requirements
- Practice acquisition and expansion loans with competitive rates for multi-location healthcare businesses
Recommended Funding Products
Frequently Asked Questions
Accounts receivable financing allows your practice to borrow against outstanding insurance claims and patient invoices. Instead of waiting 45-90 days for reimbursement, you receive up to 85-90% of the invoice value within 24-48 hours. When the insurance payment arrives, the lender collects the amount owed and releases any remaining balance minus fees, which typically range from 1-3% of the invoice value.
Virtually all medical, dental, and veterinary equipment qualifies for financing through our lending partners. This includes MRI and CT scanners, X-ray machines, ultrasound systems, dental operatory equipment, surgical instruments, EMR and practice management software systems, and specialized veterinary equipment. Both new and certified refurbished equipment are eligible.
Yes. Startups and practices with less than 2 years of history can qualify for certain funding products. Equipment financing is often available for new practices because the equipment itself serves as collateral. SBA microloans up to $50,000 are available for early-stage practices. Established physicians starting a new practice may also qualify for larger SBA loans based on personal credit and industry experience.
Healthcare businesses can access $25,000 to $5 million depending on the funding product. Lines of credit typically range from $25,000 to $500,000. Equipment financing covers $50,000 to $5 million. SBA 7(a) loans are available up to $5 million for practice acquisitions, buildouts, and major expansions. The amount depends on your revenue, time in business, and creditworthiness.
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