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FAQs

Everything you need to know about the product and billing. Can’t find the answer you’re looking for?

How does CIRQL M ensure that suppliers of medical equipment get paid on time?

CIRQL M ensures suppliers of medical equipment get paid on time by advancing funds against their invoices.

Does invoice factoring affect contracts with insurance companies?

No, invoice factoring is a financing tool and does not interfere with existing contracts with insurers.

How does CIRQL M work with labs or diagnostic centers with high invoice volumes?

CIRQL M provides high-volume invoice management for labs and diagnostic centers to streamline cash flow.

Can pharmaceutical suppliers benefit from CIRQL M’s factoring solutions?

Yes, pharmaceutical suppliers can benefit from CIRQL M's factoring to improve liquidity and maintain supply chains.

What types of healthcare providers are eligible for factoring services?

Healthcare providers such as hospitals, clinics, and diagnostic labs are all eligible for CIRQL M's factoring services.

Is invoice factoring HIPAA compliant for healthcare providers?

Yes, CIRQL M adheres to HIPAA regulations to ensure compliance and security for healthcare providers.

Can CIRQL M support healthcare suppliers with fluctuating demand cycles?

CIRQL M assists healthcare suppliers by providing consistent cash flow during periods of fluctuating demand.

How can invoice factoring help with delayed Medicare or Medicaid reimbursements?

Invoice factoring helps healthcare providers bridge gaps caused by delays in government reimbursements.

Can I use invoice factoring for international invoices?

Yes, CIRQL M can facilitate international invoices, provided necessary documentation is in place.

What is traditional invoice factoring, and how does it work?

Traditional invoice factoring allows businesses to sell their accounts receivable to a third-party company like CIRQL M to improve cash flow.

How does invoice factoring impact my customer relationships?

Invoice factoring allows you to maintain strong relationships by ensuring timely payments while CIRQL M manages collections.

Does CIRQL M handle collections with my customers?

Yes, CIRQL M handles customer collections as part of the factoring agreement.

What fees are associated with traditional invoice factoring?

Fees are typically a small percentage of the invoice value and vary based on factors like volume and risk.

What percentage of the invoice value can I receive upfront?

You can receive up to 90% of the invoice value upfront, with the remaining balance paid after collection.

Are there any industries that CIRQL M does not serve for invoice factoring?

CIRQL M serves a wide range of industries but may have restrictions for highly risky sectors.

What types of businesses benefit most from traditional invoice factoring?

Businesses with consistent invoicing, such as healthcare providers, suppliers, and distributors, benefit most from traditional invoice factoring.

How does CIRQL M determine eligibility for invoice factoring?

CIRQL M evaluates eligibility based on your business's financial health, customer base, and invoicing history.

How quickly can I access funds after submitting an invoice?

Funds are typically available within 24 to 48 hours after submitting a valid invoice.