Provider Web Capital: Solid Originations Growth for February

Provider Web Capital: Solid Originations Growth for February

Atlanta, GA —

Provider Web Capital is happy to announce continued originations growth for the month of February, with a nearly 300% year-over-year increase in funding originations. Transactions of note are listed below:

  • $100,000 to an Miami area counseling provider for working capital
  • $75,000 to an addiction recovery practice in California for cash flow management
  • $75,000 to a Baltimore area mental health provider for revenue cycle management
  • Additional capital to a durable medical equipment provider for business expansion

When asked this month’s progress, Provider Web Chairman Chris Stenglein noted that, “Generally, we have noticed that many clients in the industry that we serve have experienced slow periods during this time of the year. This results in a drop off in revenue, and added pressure that business owners face to meet standard operating expenses. We’ve been able to effectively fill the void and provide these business owners with the cash they need to grow their business. We’re confident that March’s number will improve on an already productive first quarter; our long term goal is to continue this strong originations growth, as this is the key driver of value in our industry.”

Provider Web Capital is excited to announce its participation in the Healthcare Financial Management Association Annual Conference in Orlando, Florida. With a focus on financial stability and practice management, the HFMA is a preeminent player in the healthcare financing sector. Participants from across the country gather to discuss current topics such as revised patient billing practices, generating positive return on investment through reliable healthcare software implementation, and how consumerism and competition is driving new growth in healthcare marketplaces. Provider Web hopes to cement its place as a key member of the group by growing strategic networks and partnerships.

About Provider Web Capital:

Provider Web Capital is a specialty provider of commercial funding programs developed specifically to address the needs and complexities of the healthcare sector. Located in Atlanta, Provider Web Capital works with clients across the United States. Provider Web Capital has developed practice financing products designed to supply healthcare providers fast access to short term funding for their business. Repayment is based on receivable collections and is not tied to a fixed amortization schedule. Funding is fast, flexible, and works in tandem with our client’s existing revenue cycle process. Provider Web provides funding amounts from $10,000 to $250,000 and higher. Please see further information on our website at: www.providerwebcapital.com or contact us at (855) 860-9700.

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