Unlocking Growth for Healthcare Providers
A healthcare financing partner for health service providers, providing funding for equipment, stock and operational needs. Through claims factoring it also offers upfront settlement of approved claims, improving cash flow and supporting sustainable practice growth.
Talk to us about unlocking the value in your outstanding claims.
At a Glance
- Funding against approved or pending receivables
- Funds released within 24 hours of a request
- Stock financing for consumables and pharmaceuticals
- Hire purchase for ICT and medical equipment
Healthcare providers deliver care every day, but payment often arrives weeks or months later.
While waiting for medical aid claims to be settled, providers must still pay employees, stock medicines, maintain equipment and continue serving patients. This creates a significant working capital challenge that can slow growth and strain operations.
The irony is that value already exists in the claims waiting to be paid.
Growth Factor
Growth Factor was built to help healthcare providers access the value trapped in outstanding claims.
Using verified claims data from the NH263 ecosystem, providers can access funding against approved or pending receivables, allowing them to unlock cash flow and focus on delivering quality care rather than waiting for payment cycles.
The platform also provides stock and equipment financing to help providers expand services, improve infrastructure and invest in growth opportunities.
The Growth Factor Product Suite
Claims Factoring
Claims Factoring gives healthcare providers immediate access to cash already tied up in approved outstanding medical aid claims. Through the secure Growth Factor platform, providers request payment against eligible claims and receive funds within 24 hours, less a clearly disclosed factoring fee. This helps practices meet day-to-day obligations and maintain continuity of care without waiting through lengthy settlement cycles.
Stock Financing
Stock Financing helps healthcare providers keep essential consumables and pharmaceuticals available without placing immediate pressure on cash reserves. By financing the stock required to run the practice, Growth Factor supports consistent service delivery, reduces the risk of shortages, and allows providers to preserve working capital for other operational needs.
Equipment Financing
Equipment Financing enables healthcare providers to acquire ICT and medical equipment through a structured hire purchase arrangement without draining cash reserves. Practices can modernise their facilities, improve diagnostic and service capacity, and invest in the tools needed for growth while spreading the cost over time.
Approved claims
Request payment from Growth Factor
Receive funds
Business Impact
Healthcare providers gain access to working capital when they need it most, enabling them to:
- Improve cash flow
- Expand operations
- Purchase inventory
- Invest in medical equipment
- Reduce financial pressure caused by delayed payments
Explore Growth Factor
Turn outstanding claims into opportunities for growth. Prefer to talk it through first? Our team can walk you through how Growth Factor fits what you already run. See the Architecture.