Provider Web Capital is pleased to announce another record month of originations for new and existing clients.
Online PR News – 02-September-2015 – Atlanta, GA – Provider Web Capital is pleased to announce another record month; the company has broken its previous monthly origination amount by nearly 20%, adding new clients throughout the country. A few of the notable transactions are listed below:
• $200,000 to a North Georgia laboratory for expansionary purposes
• $165,000 to an Oklahoma mental health provider for working capital needs
• $100,000 to a California based mental health specialist for cash flow management
• Additional funding to a durable medical equipment provider for inventory growth
With this most recent month, Provider Web has expanded into new states such as Connecticut, Oklahoma, and continues to expand its reach in popular areas such as Maryland, Florida and Georgia. When asked about the successful July, CEO Brian Zwerner stated, “We’ve seen an immense level of growth from Q2 to Q3 of this year. We attribute this success to a dedicated sales force and our excellent customer service that gives new and existing clients a level of care that other firms can’t beat. We’re planning to carry this momentum into September, which will lead to our most successful quarter to date.” With Provider Web’s origination volumes already besting analysts’ expectations, the company is poised to continue its growth throughout the rest of the year.
With the ICD-10 implementation date rapidly approaching, Mr. Zwerner addressed the issue and provided a simple, effective solution. “As we’ve seen with our work in the healthcare industry, delays in payments are a provider’s worst nightmare. With the impending problems that ICD-10 will inevitably bring to small business healthcare providers, we want people to have quick, easy access to capital, in order to shield themselves from this issue. By locking down your funding beforehand, your practice will be much better prepared to deal with these coding problems that will certainly affect healthcare practitioners.”
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. Based in Atlanta, Georgia, 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.