Travel nurse staffing payroll funding that turns hospital invoices into working capital, so weekly payroll never waits on 45 to 90 day terms.
Trusted by staffing firms nationwide since 1992
Travel nurse staffing payroll funding keeps your nurses paid every week while hospitals and health systems take 45 to 90 days to pay. On a 13-week assignment, you’re covering hourly pay, housing and meal stipends, and travel costs long before the first client payment arrives.
Every new contract or extension widens that gap. Without reliable working capital, you may have to turn down assignments or delay placements. Payroll funding from Madison Resources turns your hospital invoices into working capital, so you can cover weekly payroll and stipends, say yes to more contracts and keep your nurses on the road.
Travel nurse staffing firms place RNs across dozens of specialties, plus LPNs, CNAs and allied professionals, each with its own pay rates, credentials and assignment lengths. Whatever you staff, Madison Resources keeps weekly payroll covered so you can focus on filling contracts.
A simple weekly cycle, built around hospital payment terms.
Your travel nurses start 13-week assignments at hospitals and health systems nationwide.
Submit approved timesheets. We process payroll and multi-state taxes, and bill the hospital.
Your travel nurses are paid accurately and on time every week, wherever their assignment is.
The profit on each week’s invoices is advanced to you, so you can recruit for the next contract.
When the hospital or MSP pays in 45 to 90 days, we collect the payment and the cycle continues.
Prefer to run your own payroll? Our funding-only option advances up to 90% of your approved invoices.
We handle payroll, multi-state taxes, invoicing and collections so you can focus on filling contracts.
Beyond funding and back office support, Madison Resources is a strategic partner for travel nurse staffing firms looking to scale. Our team brings over 30 years of staffing industry experience to help you grow smarter.
Whether you’re negotiating hospital bill rates, joining MSP programs, structuring stipend packages or expanding into new states, we help you plan the next move.
Answers to common questions about payroll funding for travel nurse staffing agencies.
Travel nurse staffing payroll funding turns your approved hospital invoices into working capital, so you can cover weekly nurse pay and stipends without waiting 45 to 90 days for the hospital to pay.
Travel nurses are paid weekly at premium rates, while hospitals and MSPs often take 45 to 90 days to pay. Travel nurse staffing payroll funding gives you the working capital to close that gap and keep cash flowing as you add contracts.
Each week you submit approved timesheets. With full service, we run payroll, bill the hospital and advance your weekly profit. With funding only, you invoice the hospital and we advance funds against those invoices.
Start by choosing your specialties and the hospitals you want to serve. Then register your business, secure licenses and insurance, and build a pipeline of credentialed nurses. You’ll also need systems for timekeeping, payroll and invoicing, plus working capital to cover weekly pay while hospitals take 45 to 90 days to pay. See our full guide on how to start a staffing agency.
The bill rate is the hourly rate your agency charges a hospital for a travel nurse. It depends on specialty, experience, location and demand. It’s higher than the nurse’s pay rate, and the difference covers payroll costs, stipends, overhead and your margin.
Travel nurse agencies earn the spread between the bill rate charged to the hospital and the total cost of the nurse, including pay, stipends, taxes and insurance. Learn more about how staffing agencies make money.
Most hospitals pay on 45- to 90-day terms, and MSP programs can add more time while invoices clear approval. Since nurses are paid weekly, that delay creates a cash flow gap agencies have to manage.
Most agencies win contracts by building relationships with hospital leaders and getting approved as suppliers in MSP and VMS programs. Fast submittals, competitive rates and reliable nurses keep those contracts coming.
ICU, ER, med-surg, labor & delivery and telemetry are consistently in demand. Needs shift with seasons, patient volume and region, so agencies that track demand closely win more contracts.
Agencies verify licenses for each state, often by placing nurses who hold a multistate license under the Nurse Licensure Compact. Multi-state placements also require payroll and tax filings in each state where nurses work.
Most travel nurse assignments last 13 weeks, with some running 8 weeks or longer through extensions. Agencies need to keep recruiting and redeploying nurses to avoid gaps between assignments.
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Get the working capital to cover weekly nurse payroll, plus back office support for multi-state payroll and hospital billing, while hospitals pay on their terms.