What factoring usually is
Traditional factoring means selling invoices to a factor, who advances most of the amount and collects from the payer. It works well when the payers are insurers, Medicare or other customers who pay predictable invoices on a known schedule.
Why injury receivables are different
A personal injury balance is not owed on an invoice due date. It is owed from a settlement that may or may not happen, on a timeline nobody controls. The payer is, in effect, the case. That changes how it is evaluated, which is why funders who work in this space look at the case, the attorney and the documentation.
Questions to compare
When you compare options, ask each one:
- What does the funder look at to decide whether to fund?
- What happens if the case settles for less than the bill, or does not settle?
- What fees and charges apply, and when?
- Who communicates with the attorney?
- What does the written agreement say about all of the above?
Where Genesis fits
Genesis focuses on personal injury receivables for medical providers. Read about how we approach it or see questions to ask a funder.
This page is general information, not legal, tax or financial advice. Any funding is subject to review and a written agreement.