What is Outsource Receivables?
Outsource Receivables, Inc. is a leading provider of receivables management solutions tailored for medical offices across Minnesota and the Upper Midwest. With a team boasting over 125 years of combined experience in professional medical billing, the company offers comprehensive services including professional medical billing for the entire revenue cycle and specialized aging management for accounts 30, 60, 90, or 120+ days past due. Their expertise spans medical billing, insurance receivables, reimbursement, A/R management, medical collections, EDI, HIPAA, and compliance, catering to all major insurance payers. Outsource Receivables, Inc. functions as a virtual billing office, delivering customized solutions designed to enhance client satisfaction, employee retention, and profitability through effective communication, technological mastery, and continuous employee education.
How much funding has Outsource Receivables raised?
Outsource Receivables has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Outsource Receivables?
The company's recent large-scale, late-stage funding indicates a strategic pivot towards significant expansion or operational enhancement. This capital infusion is likely to fuel advancements in technology, broader market penetration, and potentially the acquisition of complementary services within the medical billing and receivables management industry. Outsource Receivables is poised to leverage this investment to further solidify its market leadership and enhance its service offerings.
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