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STEPS IN THE MAR FUNDING PROCESS
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PHASE ONE
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PROCESSING THE APPLICATION
- You submit the SCH Application with supporting documents.
- SCH reviews the application to determine if you meet our initial underwriting requirements.
- SCH sends you a Letter Of Intent (LOI), including terms, for your approval.
- Agreements are finalized and a contract is issued.
- Your account is opened upon receipt of signed closing documents.
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PHASE TWO
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PROVIDING FUNDING
- You generate a claim and bill your third party payor as usual, with no changes or interruptions to your normal operations.
- You submit a copy of the claim to SCH.
- SCH will verify the claim, determine the net collectible amount and advance you funds - usually within 24-48 hours of submission to SCH.
- Upon receipt of payment of claim from payor, SCH remits to you the balance of funds due you.
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SCH does not do your billing. Your internal operations remain the same. Most of the required documents should be readily available from your in-house systems or those of your billing company.
Instead of lagging reimbursements putting financial pressures on your organization, SCH's MAR funding program transforms your cash flow into a solution for generating working capital rather than an obstacle to growth and profitability.
To speak with a Sun Capital professional, call us toll-free at 1-800-880-1709.
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