Medical Staffing Agency Providers Financing
Our flexibility matches your goals.
Medical staffing agency providers need financing to fill a critical need in the health care delivery system. Post-Covid demand for agency staffing has declined due to lower patient census at many hospitals and long-term care facilities. This has decreased agency demand in the short run. However, the medical staffing sector is expected to continue to grow due to the growth in chronic disease states and the aging of the population.
Medical Staffing Agency Providers Financing
Understanding the Challenges.
We’re different. We understand that medical staffing agency providers face complex financing challenges. Demand for agency usage is softening post Covid, with reduced utilization and conversation rates for requested shifts. With competition from the “gig economy,” technology-driven newcomers in the market are forcing traditional players to adapt. A growing focus on maintaining key client relationships and protecting market share has become critical.
We understand
Lower Facility Census
Many healthcare facilities are experiencing declining facility census, reducing staffing demands
Utilization and Inquiry Conversion Rates
Lower demand is leading to increased cancellation trends and shift conversion rates as low as 25%
Emergence of On-Demand Staffing Models and Digital Staffing Apps
There is increased competition from new players offering technology-based platforms
Access to Staffing
The “great retirement” and low graduation rates has added to the nursing shortage
Growth Expectations
The healthcare staffing market will increase to $101B by 2036, with a notable increase in the nursing home space
The healthcare staffing market will increase to $101B by 2036
Medical Staffing Agency Providers Financing
Knowing the Details.
We get it. We know how to finance healthcare provider receivables, easing cash flow and accessing funding streams that were previously unavailable. We are experienced at analyzing companies just like yours and structuring asset-based loans that address the unique nuances of the healthcare staffing sector.
We know
That the demand for healthcare staffing has softened due to lower facility occupancy.
That competition for nurses and certain other care givers remains high.
That the emergence of app-based providers is increasing competition.
That provider recruiting, training and credentialing causes reimbursement delays.
Crafting the Solution.
SLR Healthcare ABL offers medical staffing agency provider financing to address the complex supply and demand challenges of the healthcare workforce. Our asset-based revolving lines of credit allow medical staffing agencies to maintain cash flow, smooth out payment gaps, and support ongoing growth in the healthcare staffing space.
$10mm
in medical staffing agency providers financing
Therapy Staffing Company
$4,000,000
Asset-Based Revolving
Line of Credit
August 2023
Medical Staffing Company
$4,000,000
Asset-Based Revolving
Line of Credit
April 2021
Home Healthcare Agency
$2,000,000
Asset-Based Revolving
Line of Credit
November 2021
Third-party Receivables
We stand apart in our ability and willingness to finance third party receivables, including A/R due from Medicare, Medicaid, commercial insurers, corporate payors, and other healthcare providers.
client profile
Typical partner clients have annual revenue of $20MM+ and a financing need of $2-$40MM.
Case Study
Our lending relationships always consist of a revolving line of credit, supplemented in certain cases by a senior term loan or real estate loan, each tailored to our partner client’s unique circumstances.