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Working Capital for Healthcare Funding

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The Company

sun-buildingphotoSun Capital HealthCare, Inc. [SCH], based in Boca Raton, Florida, was established in 1999 as a specialized funding source exclusively for the healthcare industry.  Co-founders Peter Baronoff and Howard Koslow had previously launched another financial services company, Sun Capital, Inc., to provide accounts receivable funding and commercial factoring services as a cash flow solution to commercial industries and government vendors.

Approached by healthcare organizations, they quickly recognized that the healthcare industry had unique fiscal challenges, regulatory requirements and working capital needs, resulting from the negative effect of reimbursement delays on cash flow. Larry Leder joined Baronoff and Koslow at SCH and they combined his extensive knowledge of healthcare financing with their expertise in accounts receivable funding and access to private sources of capital and created the SCH Medical Accounts Receivable (MAR) funding program specifically for healthcare providers and suppliers. By utilizing a purchase and sale agreement rather than asset-based lending, SCH enables its healthcare clients to maximize the utilization of their medical receivables without encumbering their assets, resulting in a healthier balance sheet.

Supporting short-term and long-term growth and expansion
A commitment to client satisfaction has made SCH an industry leader with the resources and expertise to support the growth of healthcare organizations. The MAR funding process using "The SCH Edge" uniquely allows SCH clients to customize a medical receivables funding program to meet their specific needs and work within their existing financial framework. SCH's cash flow solution includes virtually unlimited funding resources, a flexible and debt-free funding program and SCH's in-depth understanding and working knowledge of healthcare organizations. Having funded billions of dollars of medical receivables, SCH has the experience to add your organization to its list of client success stories.


Proven track record for rescuing healthcare clients in financial emergencies
SCH has assisted healthcare organizations in "financial crisis" [those considering or those who have petitioned for bankruptcy protection].
  • SCH has successfully helped providers on the brink of bankruptcy by developing structured programs that have allowed them to "keep the doors open and the lights on."
  • SCH has set judicial and legal precedents for innovative post-petition bankruptcy funding, rescuing hospitals and other providers, so there is no interruption in service to patients as they work through reorganization.


Sun Capital HealthCare's Team
The SCH team consists of seasoned healthcare financial professionals. They are experienced in dealing with HIPAA regulatory requirements, understand the valuation and contractual issues associated with third party payors, and are dedicated solely to healthcare funding. Together with senior management, they know your business and will assist you in developing the most cost-effective funding programs to meet your needs.


 
The Company - Sun Capital HealthCare, Inc.

Latest News > From the Blog

Working Capital for Healthcare Funding

Affiliate Login



The Company

sun-buildingphotoSun Capital HealthCare, Inc. [SCH], based in Boca Raton, Florida, was established in 1999 as a specialized funding source exclusively for the healthcare industry.  Co-founders Peter Baronoff and Howard Koslow had previously launched another financial services company, Sun Capital, Inc., to provide accounts receivable funding and commercial factoring services as a cash flow solution to commercial industries and government vendors.

Approached by healthcare organizations, they quickly recognized that the healthcare industry had unique fiscal challenges, regulatory requirements and working capital needs, resulting from the negative effect of reimbursement delays on cash flow. Larry Leder joined Baronoff and Koslow at SCH and they combined his extensive knowledge of healthcare financing with their expertise in accounts receivable funding and access to private sources of capital and created the SCH Medical Accounts Receivable (MAR) funding program specifically for healthcare providers and suppliers. By utilizing a purchase and sale agreement rather than asset-based lending, SCH enables its healthcare clients to maximize the utilization of their medical receivables without encumbering their assets, resulting in a healthier balance sheet.

Supporting short-term and long-term growth and expansion
A commitment to client satisfaction has made SCH an industry leader with the resources and expertise to support the growth of healthcare organizations. The MAR funding process using "The SCH Edge" uniquely allows SCH clients to customize a medical receivables funding program to meet their specific needs and work within their existing financial framework. SCH's cash flow solution includes virtually unlimited funding resources, a flexible and debt-free funding program and SCH's in-depth understanding and working knowledge of healthcare organizations. Having funded billions of dollars of medical receivables, SCH has the experience to add your organization to its list of client success stories.


Proven track record for rescuing healthcare clients in financial emergencies
SCH has assisted healthcare organizations in "financial crisis" [those considering or those who have petitioned for bankruptcy protection].
  • SCH has successfully helped providers on the brink of bankruptcy by developing structured programs that have allowed them to "keep the doors open and the lights on."
  • SCH has set judicial and legal precedents for innovative post-petition bankruptcy funding, rescuing hospitals and other providers, so there is no interruption in service to patients as they work through reorganization.


Sun Capital HealthCare's Team
The SCH team consists of seasoned healthcare financial professionals. They are experienced in dealing with HIPAA regulatory requirements, understand the valuation and contractual issues associated with third party payors, and are dedicated solely to healthcare funding. Together with senior management, they know your business and will assist you in developing the most cost-effective funding programs to meet your needs.