Our services

Financial Services

Medvest Capital is committed to fulfilling the ambitions of all medical practices
through our holistic financial solutions.

Financial Services
Financial Services

What are Medvest Capital’s financial services?

Our medical practice finance solutions aim to improve the cash flow and decrease the risk of the practice through efficient debtor life cycle management, including patient invoicing, billing and follow-up management.

Financial Reporting

Our financial reporting on the debtor’s book is a proactive process that systematically captures all relevant financial data. This collated financial data paints a clear picture of the financial affairs of your practice, empowering you to plan ahead, maintain the financial viability of the practice and reduce the risk of debt.

Once all financial data is accumulated, it is categorised and filed under specific headers, which ensures that you meet financial reporting deadlines and comply with regulatory bodies.

As soon as our month-end processes are finalized, a cashbook, financial summary, and Tax Invoice will be prepared per practice. Accurate posting of amounts received is a non-negotiable. By comparing the practice bank account to the system, we ensure that collections are not overstated.

Finalising a financial report is a meticulous process, providing an accurate reflection of the financial stature of the practice. This trustworthiness is integral in securing loans, attracting potential investors, ensuring patient retention and making informed financial decisions.

Factoring Services

Our factoring services (accounts receivable factoring) provide a sense of security by allowing your practice to sell the remaining invoices at once rather than waiting for patient payments. This means the factoring company purchases your invoices and offers immediate payout, ensuring credit control and protecting the financial welfare of the practice when invoices are unpaid.

Frequently Asked Questions

These services are aimed at medical practices that develop payment issues or, unfortunately, have long payment cycles.

Credit control is crucial for the financial health of your practice. It helps reduce bad debts, stabilise cash flow, and improve the financial welfare of the practice. By ensuring that invoices are paid on time, credit control can prevent financial strain and allow your practice to focus on providing quality healthcare services.

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