What type of program provides financial advance without risk of liability to the provider?

The correct answer is factoring of receivables without recourse, which is a financial arrangement that benefits providers by allowing them to receive an upfront payment for their receivables without taking on additional liabilities. In this program, a third-party financing company purchases the receivables, and if the patients fail to pay, the financing company absorbs the loss, not the provider.

This reduces the financial risk for the provider significantly, allowing them to have more immediate cash flow without worrying about the collections process or the potential for non-payment from patients. This option enhances the provider's financial stability and enables them to continue offering services without the burden of unpaid accounts receivable.

In contrast, factoring of receivables with recourse would imply that the provider must take back the receivables if they go unpaid, exposing them to liability. A patient loan program involves patients taking loans to pay for their medical expenses, which doesn't ensure the provider receives payment upfront without risk. Similarly, a guaranteed payment plan may offer assurance of payment under certain conditions but does not eliminate the financial risk associated with collections.