Medical Factoring in Chicago, IL

Chicago's healthcare economy spans world-class academic medical centers and thousands of independent providers across the city and suburbs — practices, home health and home care agencies, behavioral health clinics, labs, and therapy groups billing commercial insurers, Medicare, and Illinois Medicaid managed care. Illinois' payment environment is famously slow — the state's own payable cycles have historically stretched provider receivables further than most — while payroll runs weekly. Medical factoring converts those receivables to cash: advances against net collectible value, typically 70-85%. Y Millennial Funding offers medical receivables factoring for Chicago providers, and revenue-based funding from $50,000 in monthly revenue, approved on deposits rather than credit. Factoring and revenue-based advances are purchases of receivables, not loans. Not all applicants qualify.