Best Invoice Factoring Companies for Medical Device Manufacturing

Medical device manufacturers face a critical cash flow challenge: 45-90 day payment cycles from hospitals and insurance companies while needing to meet immediate payroll, R&D, and production costs. With the U.S. healthcare factoring market growing at 13.1% annually, more manufacturers are turning to invoice factoring as a debt-free solution to bridge this gap. For medical device companies seeking flexible financing options that accelerate cash flow while offering net terms to customers, Resolve's B2B Net Terms platform provides a comprehensive, modern alternative that addresses these specific industry challenges with embedded credit expertise, invoice financing, and payments in a single solution.

Key Takeaways

• Medical device manufacturers need factoring solutions that handle extended payment cycles (45-90 days), high-value transactions, and industry-specific compliance requirements
• Non-recourse factoring options protect against customer default risk, which is particularly valuable given the long payment cycles in the medical device sector
• Technology-forward platforms offer AI-powered automation, instant credit decisions, and non-recourse financing as alternatives to traditional factoring
• Advance rates vary significantly across providers, with some offering up to 100% invoice value
• Integration capabilities with existing ERP and accounting systems streamline operations and reduce manual reconciliation for complex medical device invoices
• Healthcare-specialized factoring companies offer industry expertise and competitive rates tailored to medical device manufacturing cash flow needs

1. ResolvePay 

Resolve Pay offers medical device manufacturers a comprehensive B2B commerce platform that combines net terms, credit management, and non-recourse financing in a single solution. Unlike traditional factoring companies that create friction by inserting themselves into customer relationships, Resolve maintains direct customer connections while handling credit risk, underwriting, and collections behind the scenes.

Best For

Medical device manufacturers who want to offer net terms to customers while getting paid upfront, without sacrificing customer relationships or taking on credit risk.

Key Features

• Non-recourse financing on approved invoices eliminates your credit risk, with Advance Pay available for up to 100% of invoice value depending on buyer credit
• AI-powered instant credit decisions with rapid funding cycles
• Enterprise ERP integration supporting NetSuite, QuickBooks, SAP, and other major platforms
• Automated AR workflow with payment reminders and collections management
• White-label payment portal keeps your brand front and center
• Seamless integration with accounts receivable automation
• Embedded business credit checks requiring only customer name and address
• Complete B2B payments infrastructure with multiple payment methods

Medical Device Relevance

Resolve's platform directly addresses the unique challenges medical device manufacturers face. The ability to extend 30, 60, or 90-day terms to healthcare providers, hospitals, and distributors while receiving payment upfront transforms cash flow management. With the majority of medical device B2B sales made on credit, Resolve's non-recourse model means manufacturers can confidently grow their customer base without worrying about default risk.

The platform's AI-powered underwriting provides instant credit approvals compared to the multi-day processes typical of traditional factoring, enabling manufacturers to respond quickly to customer orders. Medical device transactions often involve high values and complex billing, making Resolve's automated cash application and reconciliation capabilities particularly valuable for reducing administrative burden.

Resolve's white-label approach ensures that your customers always interact with your branded payment portal, never directly with Resolve. This maintains the professional relationships critical in the medical device industry while Resolve handles credit assessment, collections risk, and payment processing in the background. The platform integrates seamlessly with medical device manufacturers' existing ERP systems, eliminating manual data entry and ensuring real-time financial visibility.

For manufacturers serving diverse healthcare customers across regions, Resolve's credit expertise—delivered by former Amazon, PayPal, and Fortune 500 professionals—provides deeper insights than traditional credit bureaus. The platform manages the entire credit lifecycle from assessment to collections, including discreet credit checks, payment reminders, and late payment follow-ups.

2. 1st Commercial Credit

1st Commercial Credit provides invoice factoring services with specific experience serving the healthcare sector, including medical device manufacturers. With over 20 years of experience, they offer financial services tailored to the complexities of medical device manufacturing, including slow payments from insurance companies and intricate billing processes.

Medical device manufacturers seeking healthcare industry expertise with competitive factoring rates.

Key Features

• Rates starting at 0.69%
• High advance rates up to 97%
• Experience with medical device manufacturers
• Fast approval with a typical 3–5 working day setup to begin funding

Their experience with healthcare clients demonstrates understanding of medical device manufacturing cash flow challenges. The company's ability to provide quick funding while accommodating the industry's extended payment cycles can be valuable for manufacturers needing immediate working capital without long-term contracts.

3. REV Capital

REV Capital focuses exclusively on healthcare receivables financing, offering high advance rates up to 98% of invoice value. Their healthcare-exclusive model provides specialized underwriting for medical industry financial challenges.

Medical device manufacturers require high advance rates to support production and inventory needs.

Key Features

• Advance rates up to 98%
• Healthcare-exclusive focus with specialized underwriting
• Factoring rates ranging from 1%-5%
• No long-term contracts or hidden fees
• 24/7 online account management

Their healthcare-exclusive model ensures underwriters understand the nuances of medical device manufacturing, including Medicare/Medicaid billing complexities and OEM relationship dynamics. High advance rates provide substantial working capital to support the capital-intensive nature of medical device production.

4. Commercial Funding Inc.

Commercial Funding Inc. (CFI) offers invoice factoring services with experience serving medical device manufacturers, including contract manufacturers of metal and plastic medical device implants and instruments.

Established medical device manufacturers seeking a factoring partner with documented healthcare experience.

Key Features

• Experience with medical device manufacturer clients
• Scalable credit lines
• Same-day letters of intent with funding within weeks
• Credit insurance guidance for offshore customers
• Equipment financing integration through Commercial Credit Group

CFI's experience demonstrates ability to scale with medical device manufacturers as they grow, providing increasing lines of credit to support expanding production needs. Their experience with both domestic and international medical device clients shows understanding of global supply chain complexities.

5. PRN Funding

PRN Funding maintains a healthcare-exclusive focus spanning over 20 years, working with both healthcare vendors and providers. Their specialized experience with medical staffing, coding, transcription, and supplies extends to medical device suppliers.

Medical device suppliers serving diverse healthcare customers who need a factoring partner with comprehensive healthcare ecosystem understanding.

Key Features

• Over 20 years of healthcare-focused experience
• Dual vendor/provider model understanding
• Advance rates of 80-90% within 24-48 hours
• Partnership with Factor Finders for provider billing complexities
• Industry-standard factoring rates

Their healthcare-exclusive approach means underwriters understand the interconnected nature of the medical device supply chain, from manufacturers to distributors to end-user healthcare facilities. This ecosystem knowledge helps them make informed credit decisions and accommodate the industry's complex payment structures.

6. FundThrough

FundThrough combines technology capabilities with 100% advance rate offering. Their AI-powered platform integrates with accounting systems like QuickBooks and processes requests faster than traditional factoring companies.

Tech-savvy medical device manufacturers want maximum advance rates with seamless technology integration.

Key Features

• 100% advance rate option
• AI-powered platform with accounting integrations
• Factoring rates starting at 2.75%
• No long-term contracts with spot factoring available
• Faster funding process via automation

Their technology focus appeals to medical device manufacturers who have invested in modern ERP and accounting systems and want their financing solution to integrate seamlessly. The 100% advance rate provides complete invoice coverage, eliminating the need for reserve accounts that tie up capital.

7. altLINE

altLINE offers Bank-backed, federally regulated support through parent company The Southern Bank (founded in 1936) combined with competitive rates. Their transparent fee structure with no hidden charges provides cost certainty for financial planning.

Medical device manufacturers prioritizing financial institution security with transparent, low-cost pricing.

Key Features

• FDIC-insured bank backing
• Starting rates from 0.80% to 3.00%
• No hidden fees (ACH, lockbox, monthly access all free)
• Same-day funding available
• 90-year track record through its parent bank

Bank backing provides additional security for medical device manufacturers. Their transparent fee structure eliminates surprise charges that can erode margins in the competitive medical device market.

8. Riviera Finance

Riviera Finance specializes in non-recourse factoring, which protects medical device manufacturers from customer default risk. With 55+ years of experience, they offer protection against the credit risk inherent in the medical device sector's long payment cycles.

Medical device manufacturers need protection against customer default risk with proven long-term reliability.

Key Features

• Specializes in non-recourse factoring (credit risk protection)
• 55+ year track record
• Up to 95% advance rates
• 24-hour funding
• No credit score requirements

Non-recourse specialization directly addresses the concern of medical device manufacturers extending credit to customers while protecting against default. Their extensive experience means they understand how to structure deals that accommodate the industry's complex payment cycles while providing security.

9. Universal Funding

Universal Funding offers competitive rates starting at 0.55%, combined with an A+ Better Business Bureau rating. With 26+ years of experience serving healthcare and manufacturing sectors, they provide cost-effective financing with proven reliability

Cost-conscious medical device manufacturers prioritizing competitive rates with strong customer service ratings.

Key Features

• Rates starting at 0.55%
• A+ BBB rating
• Up to 95% advance rates
• 24-hour funding after approval
• No monthly access fees or same-day funding fees

Competitive rates help medical device manufacturers maintain healthy margins in a competitive market. Their healthcare and manufacturing specialization ensures they understand the unique cash flow challenges of the medical device sector.

10. Viva Capital

Viva Capital is highly rated by NerdWallet for customer satisfaction based on their customer service and clear communication. Their high Trustpilot ratings and bilingual support make them valuable for medical device manufacturers serving diverse customer bases across different regions.

Medical device manufacturers prioritizing customer service and communication with bilingual capabilities.

Key Features

• Highly rated for customer satisfaction
• Strong Trustpilot reviews
• Up to 97% advance rates
• Same-day payments once account setup
• Bilingual support for diverse medical facilities

Customer service excellence is particularly valuable for medical device manufacturers who need responsive support during critical financing situations. Bilingual capabilities help manufacturers serve diverse healthcare facilities across different regions and languages.

Choosing the Right Financing Solution for Your Medical Device Manufacturing Business

Selecting the right financing solution for your medical device manufacturing business requires careful evaluation of your specific operational needs, customer relationships, and growth trajectory. The medical device sector's unique challenges—including extended payment cycles, high-value transactions, and complex customer relationships with healthcare providers—demand financing solutions purpose-built for these requirements.

For medical device manufacturers, the ability to offer net terms directly to customers while getting paid upfront is transformative. Resolve's platform allows you to increase your customers' buying power through credit lines while protecting your cash flow through non-recourse financing. This approach enhances customer loyalty while streamlining complex workflows, maintaining your direct customer relationships rather than inserting a third party into those critical connections.

The platform's AI-powered underwriting provides instant credit decisions that accelerate the order-to-cash cycle, enabling you to respond quickly to customer orders without the multi-day delays typical of traditional credit evaluation processes. Combined with seamless ERP integration supporting NetSuite, QuickBooks, SAP, and other major systems, Resolve provides medical device manufacturers with a comprehensive platform that addresses both immediate cash flow needs and long-term customer relationship management.

As the medical device manufacturing sector continues to grow and evolve, having a financing partner that combines industry understanding with modern technology becomes increasingly critical. Whether you're an established manufacturer looking to expand your customer base through flexible payment terms or a growing company seeking to optimize cash flow, ensure your solution aligns with your customer experience goals and operational requirements while protecting against credit risk.

Frequently Asked Questions

What is the difference between traditional invoice factoring and Resolve's alternative for medical device manufacturers?

Traditional invoice factoring typically involves selling your invoices to a third party who then manages customer relationships and collections, often creating friction with your medical customers. Resolve's alternative maintains your direct customer relationships while providing non-recourse financing. With Resolve, you get paid upfront on approved invoices while your customers keep their standard payment terms. Resolve handles credit assessment, underwriting, and collections risk, but your customers always interact with your branded payment portal, not Resolve directly.

How quickly can medical device manufacturers get paid using Resolve?

Medical device manufacturers using Resolve can typically get paid within 24–48 hours of invoice approval, depending on the customer’s credit approval status. Resolve's AI-powered underwriting provides instant credit decisions for qualified customers, and advance payments are processed immediately upon invoice submission. This rapid funding cycle directly addresses the industry's extended payment term challenges (typically 45-90 days) while maintaining healthy customer relationships.

Does Resolve handle credit assessments and collections for my medical device customers?

Yes, Resolve manages the entire credit lifecycle for your medical device customers. Their experts—formerly of Amazon, PayPal, and Fortune 500 firms—deliver deeper credit insights than traditional bureaus. Resolve handles credit checks discreetly (requiring only your customer's business name and address), provides instant credit decisions, and manages collections processes including payment reminders and late payment follow-ups. All cash advances are non-recourse, meaning Resolve assumes the majority risk of late payments or defaults.

Can Resolve integrate with my existing ERP or accounting software for easier management?

Yes, Resolve offers built-in integrations with leading ERP, accounting, and commerce platforms including QuickBooks, Oracle, NetSuite, Sage Intacct, Shopify, BigCommerce, Magento, and WooCommerce. These integrations automate credit, invoicing, reconciliation, and collections, eliminating manual data entry and ensuring real-time synchronization between your systems and Resolve's platform. This seamless integration is particularly valuable for medical device manufacturers who need accurate financial reporting and audit trails.

What is the minimum annual B2B revenue required to use Resolve?

Resolve requires a minimum of $1M+ annual B2B revenue for eligibility. This threshold ensures that Resolve can provide meaningful financing solutions that scale with your medical device manufacturing business. The platform is designed for established B2B businesses that have demonstrated consistent revenue and customer relationships, making it ideal for growing medical device manufacturers looking to expand their market reach through flexible payment terms.

This post is to be used for informational purposes only and does not constitute formal legal, business, or tax advice. Each person should consult his or her own attorney, business advisor, or tax advisor with respect to matters referenced in this post. Resolve assumes no liability for actions taken in reliance upon the information contained herein.