LendingLinc establishes a data feed with healthcare provider billing systems to deliver precise automated daily valuations and enhanced analysis of healthcare account receivables (AR).
We improve, ease, and lower the cost to service AR collateralized loans and produce automated borrowing base certificates with a mouse click. Loans are modeled in LendingLinc from borrower-lender agreements to include or exclude receivables based on payer specific eligibility periods, advance rates, etc. This enables complex payer inclusion rules to maximize eligible collateral that would be manually impractical.
LendingLinc establishes a data feed with healthcare provider billing systems to deliver precise automated daily valuations and enhanced analysis of healthcare accounts receivable (AR).
We improve, ease, and lower the cost to service AR collateralized loans and produce automated borrowing base certificates with a mouse click. Loans are modeled in LendingLinc from borrower-lender agreements to include or exclude receivables based on payer specific eligibility periods, advance rates, etc. This enables complex payer inclusion rules to maximize eligible collateral that would be manually impractical.
A collection percentage, also called liquidity ratio, is the amount of a charged dollar collected historically and is used to project the cash payment value of future AR. Collection percentage changes based on business seasonality, payer mix, billing performance, and external forces to the industry - such as the recent pandemic. By calculating collection percentages each day, LendingLinc dynamically adjusts, so improves, the predicted cash value of collateralized AR.
Contact us to learn more and schedule a product demonstration.
LendingLinc
PROVIDER - CUSTOMER
LendingLinc helps providers examine, and so position, their accounts receivable for the best loan terms and highest eligible AR collateral prior to and during loan negotiations. Additionally,
we have several features that lower healthcare provider efforts and cost to service AR-based loans and others that identify areas where collection operations may be improved.
Negotiate better AR loan terms
LendingLinc algorithms translate and express daily charge, adjustment, and payment data into the financial language of AR valuation.
The resulting trend information enables providers to more easily identify beneficial term and payer level eligibility parameters to assert during loan negotiations.
Because lenders more readily accept, and remain comfortable with, loan conditions supported by LendingLinc information, provider asserted terms are
more freely accepted.
Negotiate higher eligible collateral
Loans are modeled in LendingLinc to include or exclude receivables based on payer specific eligibility periods, advance rates, etc.
LendingLinc operates at this level of detail to enable providers to assert payer AR loan inclusion rules that maximize eligible collateral.
Because LendingLinc automatically calculates daily valuation and eligibility resulting from these negotiated terms, rule complexity does not stand in the way of obtaining a higher loan commitment from lenders.
Negotiate reduced field exam frequency
LendingLinc will increase confidence and decrease lender perceived risk in receivable collateral.
A provider that gives a lender access to LendingLinc’s level of collections detail increases their transparency over the traditional monthly receivable-based loan servicing pattern.
This increase in transparency has value, so should be a negotiation element to exchange for a lower frequency of costly field examinations.
LendingLinc
PROVIDER + LENDER
Operational Benefits
Automatic Borrowing base
certificates (BBCs) with a mouse click
LendingLinc generates printable BBCs reflecting even intricate loan terms within seconds.
Where BBCs are traditionally assembled manually, a provider may require significant time and effort to apply loan parameters to AR data. This BBC process can be even more arduous if multiple billing system vendors are involved.
With LendingLinc, all of the billing system data is harmonized, and loan AR rules and terms are applied automatically to instantly produce an exact BBC on demand.
Secure online access for fewer data requests
The daily valuations, availability, and metric calculations for a loan can be made available through the LendingLinc application to whomever a provider chooses.
This access to data not only reduces the data requests to providers, it increases the lenders' understanding of the provider's industry and business patterns.
As a result, LendingLinc improves borrower-lender communication regarding the loan while reducing email traffic and data requests pertaining to it.
Community benchmarking
LendingLinc delivers daily metrics on provider collection performance along with industry benchmarks for real-time comparison.
This provides a sensitive and relative understanding of a provider's collections performance versus like organizations. This enables insight into potential operational improvements and the industry impact from events such as payer disruptions, pandemics, etc.
LendingLinc LENDER Benefits
LendingLinc electronically and automatically calculates the daily value of AR based on loan terms and provider collection performance. This increases confidence in the value of provider collateral, lowers the cost of servicing, and often makes more healthcare AR loans acceptable to inter-lender constituencies and syndication partners. In addition, this confidence will translate into more competitive terms for potential healthcare borrowers, helping a lender grow their loan portfolio.
Faster Trend Identification so Mitigation
Identifying a sustained trend shift takes three data points over time. If those data points are a month apart, as with traditional loan borrowing base certificate (BBC) servicing, it could be at least sixty days before a trend is realized and acted upon.
LendingLinc calculates a full BBC every day based on a loan’s parameters and displays the results in graphic format with trend analysis tools. Increasing sample frequency to daily enables trend identification within a few days. This gives at least a forty-five day head start in mitigation efforts over traditional servicing methods.
Daily Collection Ratios (Liquidity / Estimated Net Value / etc.)
A collection percentage, also called liquidity ratio, is the amount of a charged dollar collected historically and is used to project the cash payment value of future AR.
Collection percentage changes based on business seasonality, payer mix, collection performance, and external forces to the industry - such as the recent pandemic.
By calculating collection percentages each day, LendingLinc dynamically adjusts, so improves, the predicted cash value of collateralized AR.
Increase Eligible Collateral
Loans are modeled in LendingLinc to include or exclude receivables based on payer specific eligibility periods, advance rates, etc.
LendingLinc operates at this level of detail to enable payer AR loan inclusion rules that maximize eligible collateral.
Because LendingLinc automatically calculates daily valuation and eligibility resulting from these negotiated terms, rule complexity does not stand in the way of higher loan commitments.
Tryout Multiple Loan Parameter Models
LendingLinc can have multiple models for each loan during due-diligence and loan term finalization.
This enables a consultative and collaborative approach to maximize eligible collateral with mutually beneficial borrower-lender terms.
ABOUT US
We are a group of information system architects, assemblers and investors delivering customized information solutions into the healthcare industry.
LendingLinc partners with healthcare industry providers and lenders to improve operations and capture market opportunities through the development and deployment of information technology solutions. We uniquely translate healthcare needs into profitable information solutions utilizing our executive healthcare operations background.
Our practical consultative solutions derive from over twenty years of senior experience running and guiding domestic and international healthcare businesses in a variety of sectors. We bring a deep healthcare operations and market awareness to understand our partner’s business and information goals. Because we know healthcare from our partner’s perspective, LendingLinc has the exceptional ability to contribute to strategic considerations and encompass information architecture into long term business goals.
