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Factoring for the Affordable Care Act (ACA)

Staffing Financing Will Only Continue to Increase As More Companies Turn to Temporary Workers

Factoring Healthcare & Staffing
Factoring for Healthcare Staffing
Redondo Beach, CA (PRWEB) October 16, 2013 — The Affordable Care Act (ACA) will require business with 50 employees or more to provide affordable, quality health care to their staff.
Redondo Beach, CA (PRWEB) October 16, — The Affordable Care Act (ACA) has businesses of all sizes and industries in a whirl as they make corporate changes to satisfy the new law’s requirements. Frequently referred to as “Obamacare,” the mandate will require business with 50 employees or more to provide affordable, quality health care to their staff. Businesses who fail to comply with the new law could risk being fined.

As such, InvestingDaily.com suggests more companies are turning to temp agencies to fill positions and many of these agencies are unable to keep pace with the rate of growth. In addition, the staffing companies themselves are struggling to comply with the requirements of ACA. Pairing this rapid business growth with a rise in payroll and operational expenses, many staffing agencies will need greater working capital to sustain their business. That’s why Business Factors, which provides staffing factoring, medical staff factoring, temp agency factoring, and payroll factoring, is keeping busy getting ready to financially support customers in the staffing sector.

“At Business Factors we recognize that rapid growth, while often a good thing, can create its own problems in terms of insufficient cash flow and working capital,” says Robert Bernfeld, President of BusinessFactors.com. “With accounts receivable factoring, temp agencies and others can get the cash infusions they need to keep pace with the rate of growth so that expenses are covered and money is available to take advantage of new opportunities as they appear. The fast-moving, cyclical nature of invoice factoring fits well with a rapid growth business environment. ”

About: Backed by 40 years of experience, BusinessFactors.com is a leading invoice factoring company providing accounts receivables financing to a range of businesses including staffing, medical staffing, payroll and others likely to be impacted by the ACA mandate. By factoring accounts receivables, businesses can get cash in 48 hours by selling their invoices for about 96 percent of their value. This way, businesses can keep pace with rapid growth demands while ensuring their expenses are covered.

Source: PRWeb.com

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About the Author:

Robert Bernfeld started in the commercial finance industry in 1974. His early years included positions with Aetna Business Credit and Foothill Group. During the next thirty five years. Mr. Bernfeld established both equipment leasing and accounts receivable factoring companies. He partnered in founding Business Facilitators, Inc. in 1999. Mr Bernfeld graduated from the University of California, Riverside in 1974 and received his Juris Doctorate from Loyola University School of Law in 1977.

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