Economic relief and more time for patients: Why factoring is booming in the medical industry

Economic relief and more time for patients: Why factoring is booming in the medical industry

In recent years, the economic pressure that practicing doctors and dentists are exposed to has increased noticeably. At the same time, the requirements for organization, billing and legally compliant documentation have also increased. If you want to run a successful practice today, you not only have to be medically competent, but you also have to think entrepreneurially. Factoring is a good way to outsource administrative tasks in order to focus more on patient treatment.

Outsourced billing as an economic stability factor

For many dental practices, collaboration with external service providers is now an integral part of modern practice management. As part of the Dentist billing On the one hand, the actual invoicing is outsourced, but the entire receivables management, including dunning and debt collection, is also taken over. The collaboration with the factoring service provider is structured and legally secure. The payout is independent of the actual receipt of payment. This means that the fee is usually available shortly after the invoice is issued. In this way, liquidity improves immediately, which is a significant advantage, especially for individual practices without a large financial buffer.

Relief in an increasingly complex system

The billing according to GOZ and BEMA is subject to a variety of legal requirements. Even small mistakes can result in financial losses or legal problems. In this context, factoring service providers not only take care of the technical processing, but also check the invoices for formal accuracy. This creates security in everyday practice. This support is particularly relevant for young founders, who often do not have years of experience in fee law.

The advantages at a glance

Choosing a professional factoring model offers numerous advantages. These include, above all:

• sofortige Liquidität durch Vorfinanzierung des Honorars
• Minimierung von Zahlungsausfällen, da das Risiko übertragen wird
• Rechtssicherheit durch formale Prüfung der Rechnungen
• Zeitersparnis bei Verwaltung und Mahnwesen
• bessere Planbarkeit bei Investitionen und laufenden Ausgaben
• stärkere Wettbewerbsfähigkeit gegenüber größeren Versorgungszentren

Thanks to outsourced administrative tasks, doctors can concentrate more on their core competence: the expert treatment of their patients.

Legally protected even for sensitive data

The outsourcing of sensitive patient data to third parties raises legitimate questions. However, factoring in the medical industry is subject to strict data protection guidelines. Providers of such services are obliged to work with certified IT systems and encrypted interfaces. Practice owners also always maintain control over processes and content. If implemented seriously, there will be no loss of information and the interests of the patient will be protected at all times.

Differences from classic medium-sized business factoring

Medical factoring differs significantly from standard solutions in the commercial sector. While Industry and trade Often work with changing billing volumes and complex supply chains, medical billing is characterized by fixed fee schedules and clearly documented services. This reduces the susceptibility to errors and enables standardized processes. In addition, the administrative effort per invoice is comparatively low, which makes the model economically interesting even for smaller sales.

Costs and benefits in direct comparison

The costs for medical factoring can vary depending on the scope of services and practice structure, but usually amount to a maximum of a few percent of the gross invoice amount.

These costs are offset by a noticeable advantage in liquidity planning and time management. In many cases, the fees pay for themselves simply through the working time saved or the elimination of external reminder costs. Especially in times of rising personnel costs and a shortage of skilled workers, outsourcing administrative tasks can make more economic sense than internal solutions.

Relevance for founding and succession

Anyone who sets up a practice can use factoring as part of their livelihood. This means that liquidity is available right from the start without having to resort to expensive loans. Factoring can also support a stable handover as part of a practice succession by bridging financial bottlenecks and standardizing administrative processes.

Increasing professionalization in healthcare

The increasing use of factoring is not a passing trend, but part of a broader development. More and more practices are recognizing the need to be professionally positioned in terms of business management. In an environment characterized by increasing regulation, cost increases and growing competitive pressure, consistent outsourcing of non-core tasks can make the crucial difference.