Funding for Home Health Care
Home health runs on receivables from payers that are slow but reliable — which is exactly the profile asset-based lending and a line of credit are built to fund: payroll now, against money already earned.
In home health, growth is the thing that breaks you. Every new client means caregiver hours you pay for this week and a claim that reimburses in one to three months — so the faster you grow, the more cash you need, and the agency that turns down referrals to protect payroll is quietly shrinking. Banks struggle with the model: thin margins, government payers, no hard assets. Broadway does not need the business explained. We underwrite off three months of bank statements — Medicare, Medicaid, managed-care, VA, and private-pay deposits all count — with one short form and a soft credit pull. Same-day decision, funding in as little as 24 hours, and 50+ programs across 25+ funders to fit an agency at any stage.
The challenge
Caregivers expect to be paid weekly. Medicare, Medicaid, and managed-care plans pay when their cycle says so — often 30 to 90 days after the care happened. Every new client you take on widens that gap before it pays you a dime.
How Broadway Advance helps
Home health runs on receivables from payers that are slow but reliable — which is exactly the profile asset-based lending and a line of credit are built to fund: payroll now, against money already earned.
What owners use it for
- Bridge weekly caregiver payroll against 30-90 day payer reimbursement
- Say yes to new clients and referral contracts instead of turning them away
- Recruit, train, and onboard caregivers ahead of demand
- Cover licensing, accreditation, and surety costs to expand into new territories
- Upgrade scheduling, EVV, and billing software so claims go out clean and fast
- Carry the agency through a payer audit or claims-processing delay
See your real number in about five minutes.
Apply nowFunding options that fit home health care
Asset-Based Lending
Turn real estate, inventory, equipment, or credit into working capital.
Based on asset value →Business Line of Credit
A revolving cash reserve you only pay for when you draw on it.
Flexible limits →Term Loan
The lowest rates and longest terms, with predictable monthly payments.
Up to $5,000,000 →Home Health Care funding questions
Our revenue is mostly Medicaid and managed care. Do lenders even touch that?
Some will not — and we know which ones will. Government and managed-care receivables are slow but dependable, and the funders in our network who work home health understand that. We underwrite off three months of bank statements, so what matters is that reimbursements actually land, not who sends them. Asset-based lending in particular treats that receivables book as the collateral it is. One short form, soft credit pull, same-day decision.
Is it smart to borrow just to make payroll?
It depends on why payroll is tight. If you are profitable and the squeeze is purely timing — care delivered, claims pending — then funding the gap is rational, because missing payroll loses caregivers and clients you will not get back. If the agency loses money on every hour billed, capital only delays the reckoning, and we will say so. Fast money costs more than bank money, so it should buy you growth or stability, not cover a broken rate structure.
Can funding help us expand into a new county or state?
Yes, and this is where a term loan often beats fast capital. Licensing, accreditation, office setup, and hiring in a new territory are costs you carry for months before the first claim pays. Broadway brokers term loans up to $5M with longer runways, and we operate in all 50 states. A line of credit can then handle the payroll gap once the new territory starts billing. We will structure it so the cheap money does the heavy lifting.