NewsroomJuly 6, 2016

Originations Flourish & Senior VP Joins Team

Healthcare Originations Flourish & Senior Vice President of Strategic Partners Joins the Team

Building a Community by Offering our Healthcare Clients Funding Solutions

ATLANTA, GA – Provider Web Capital is the leader in healthcare finance with innovative technology designed to add value across the entire healthcare claims eco-system. As a leader in healthcare finance, Provider Web Capital is excited to announce its continued growth in monthly origination numbers, with June of 2016 far outpacing the same period in 2015. Transactions of note are highlighted below:

A Few Examples of Funding Support for Our Clients in June:

$130,000 to a home health company in Illinois. They were having trouble keeping their current client base and staring down the barrel of the unfortunate position of having to turn some of their customers away. Slow reimbursements from Medicare put this business in a difficult position. Provider Web Capital was able to provide them with the funds they needed in a pinch, so they could help their patients that need care.
$40,000 to a full-service eye care center in Gwinnett County, Georgia. The optometrist is repeatedly subjected to delayed payments from her biggest payer – always after the eye-care center’s payroll and rent is due. With our innovative Remit ATM product (an early reimbursement tool that generates cash on outstanding claims), Provider Web Capital allowed our client to get the cash her practice needed on the same day that she submitted her claims for reimbursement to the insurer– not five days later.
$150,000 to a hospice in Texas. Provider Web Capital was honored to have the opportunity to lend them a helping hand when they needed it most – just like they do for their clients.
$67,000 to an obstetrics and gynecology practice in Beverly Hills, California.

In addition to these exciting new originations for the month of June, Provider Web Capital’s accelerated expansion of its Strategic Partner channel continued in June with the hiring of Allan Leishman. As Senior Vice President – Strategic Partners, Leishman brings a diverse background of sales leadership, financial services expertise, and channel partner experience to Provider Web Capital. Jack Daly, Chief Revenue Officer of Provider Web, was enthusiastic about the new addition to the team, saying “We are thrilled to have Allan join our team at Provider Web Capital. His financial industry knowledge and proven ability to build sales channels from scratch give us a decided go-to-market advantage, one that will allow us to continue our record-breaking growth.”