Pharmacy Claims Factoring Plus
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high-quality service.
Our services
World-Class Healthcare Services for You and Your Loved Ones
Pharmacy Claims Factoring Plus
We do not only advance funds against pharmacies’ medical aid claims but also leverage our group purchasing power to negotiate bulk discounts with wholesalers. Through this model, pharmacies can use the proceeds from factoring transactions to stock up via Growth Factor’s group buying facility, gaining access to discounts normally reserved for large volume buyers. The savings are then shared equally with the pharmacy, effectively lowering the cost of financing and significantly reducing the net factoring fee.
Our work flow
How We Work
1. Submit Claim
Pharmacy submits approved medical aid claims.
2. Advance Payment
Growth Factor advances claim value minus factoring fee into you Factoring Plus wallet within 24 hours.
3. Wholesale Ordering
Growth Factor uses the proceeds to purchase stock from wholesalers at bulk discount rates.
4. Discount Sharing
The wholesale discount is split 50/50 between Growth Factor and the pharmacy.
5. Reduced Net Fee
The pharmacy’s factoring fee is offset by its share of the bulk discount.
Key Advantages for Pharmacies
- Immediate working capital for restocking and operations.
- Lower cost of goods sold (COGS) through shared wholesale discounts.
- Reduced effective factoring fees - savings offset financing costs.
- Consistent stock availability, preventing lost sales and improving patient care.
- Better margins and competitiveness against pharmacies that can’t access bulk rates.
With Pharmacy Factoring Plus, Growth Factor becomes not only a funding partner but also a procurement ally, helping pharmacies strengthen cashflow, profitability, and sustainability.