Factoring Services in Medical Billing Market Dynamics, Size, and Future Growth Trend 2023-2030

 Factoring, also known as debt factoring, invoice finance, asset-based lending, or accounts receivable finance, is a growing trend in which firms sell their invoices at a discount to a third party to fund their cash flow (factoring company). Factoring is the process of buying a debt or invoice from a company at a lower price with the intention of profiting the buyer upon settlement. It is an asset-based financial arrangement that sets the terms and circumstances for swapping trade debts between a financial institution, or a factor, and the client.