Import Finance for Healthcare Companies

Imports are crucial to the Australian healthcare sector. From the latest medical devices to standard pharmaceutical supplies, most healthcare providers rely on things that are manufactured abroad – but many still buy them from suppliers in Australia. This, of course, comes at a price.In a growing but highly competitive industry, significant cost advantages can be found by importing supplies directly. With specialist import finance, healthcare companies not only reduce the risks and logistics pressure of doing this, bt they can actually improve their cash flow situation.

Why is Import Finance needed?

Foreign suppliers can offer a major cost saving to healthcare companies, compared to buying the same product from a local importer. However, there are significant cash flow implications to buying from abroad. Typically, a company may have to make an initial downpayment on its order upfront, and then settle the difference either immediately before shipment, or on proof of shipment.

Compared to ordering from a local distributor of the same product, who may even be prepared to extend generous payment terms, this leaves a healthcare firm having to pay much earlier for devices and consumables which will only be used and billed for several months later.

Importing Medical Supplies

Drugs and other medical consumables are a major and regular cost to any healthcare business. Cutting a percentage off that cost can have a significant positive effect on on the bottom line.

This can often be achieved by going direct to manufacturers abroad, but there are logistical difficulties associated with importing pharmaceuticals in particular. Licenses and permits are often needed, and the bureaucratic challenge of getting these can be added to the customs clearance and duties required of less regulated products.

Uniquely among the various forms of finance available to help a company start importing, import finance often comes with support to negotiate these challenges, and the risks of dealing with distant suppliers.

OptiPay’s Import Finance

Put simply, import finance is a form of business funding designed specifically to plug that gap and eliminate the risks and cash flow problems associated with buying from abroad.

Import financing can take several forms, from invoice factoring and supply chain finance solutions to bank guarantees, letters of credit and asset-backed facilities. Smart import finance, provided by a nimble fintech like OptiPay, can be very cost effective and allows companies to enjoy the savings available by importing while neutralising the risks as well as putting the funding in place in a cost efficient manner.

Effectively, OptiPay can pay your supplier directly at the necessary point in time, and then you can settle up with us on pre-agreed terms – and for a fixed fee. And because of our range of contacts and partners, we can also arrange for the logistics and bureaucracy to be taken care of.

Thanks to fintech, smart funding solutions can be tailored to each businesses’ needs and provide comprehensive cash flow and logistical cover. With OptiPay’s specialist solution, you can build a tailored import finance package that will not only ensure you can buy from the best suppliers, but also de-risk the process and help with the logistics.

Smart import finance is a game-changer for Australian businesses wanting to access the advantages of sourcing goods from overseas. One you have set up an account with us, and your suppliers have been approved, the online system is very simple and gives you total control.

Obtain a Quote for Import Finance Today 

OptiPay is a leading smart finance company and can provide your healthcare business with a competitive quote. For more information, fill out this form or call us on 1300 694 686.

In many cases, Invoice Financing is cheaper than traditional Business Lending even when comparing the same amounts, but the fact that you never over-borrow is an added benefit that can save a business thousands of dollars in interest payments on money it never needed in the first place.

Get tomorrow’s cash flow today.

Who is OptiPay?

OptiPay, one of Australia’s leading business finance providers, has been dedicated to helping small business owners solve cash flow challenges  for over a decade and has provided $1.5 billion in business funding to more than 500 Australian businesses. OptiPay specialises in modern financing solutions such as invoice factoring, invoice finance, debtor finance, and lines of credit. OptiPay’s mission is to support business growth providing liquidity in as little as 24 hours, ensuring they have access to tomorrow’s cash flow today. This rapid access to funds helps businesses maintain smooth operations and seize growth opportunities without the stress of cash flow constraints. At OptiPay, we believe that healthy cash flow is the lifeblood of any successful business. Our commitment to helping businesses overcome financial hurdles and achieve their growth ambitions has solidified our reputation as a trusted partner in the business finance sector. Whether you are looking to stabilise your cash flow, expand your operations, or navigate financial challenges, OptiPay is here to support your journey with innovative and efficient financing solutions.