Provider Web Capital is excited to announce its continued monthly origination growth
Online PR News – 03-May-2016 – Atlanta, GA – Provider Web Capital is excited to announce its continued monthly origination growth, with year to date originations up 184% from the same period in 2015. Transactions of note are highlighted below:
• $100,000 to a Kentucky-based doctors group for operational funds
• $65,000 to a long-term care facility in Idaho for working capital needs
• $60,000 to a Georgia mental health facility for growth capital
April also brought new clients for Provider Web’s ground breaking Remit ATM product. This patent pending financing solution allows clients to identify individual invoices to Medicare, Medicaid, or private insurers and receive payment early. Customers utilize Remit ATM in order to get funds one day to four weeks in advance of payment to better manage their cash flow needs.
Provider Web Chairman Chris Stenglein said of Provider Web’s month, “The growth we are seeing at Provider Web is significant. Our relentless focus on providing best in class financial solutions for healthcare small business owners has gained incredible traction over the past two-years. We see a high level of repeat business from existing customers, and these same clients are also utilizing our newest product - Remit ATM.”
Provider Web also made significant new hires for its Business Advisor team, with three new salespeople signing on this month. Jack Daly, Chief Revenue Officer of Provider Web, stated that “these new team members will continue to deliver on our mission of providing value added advice to our healthcare customers. We expect to grow this team in the coming months to provide a high level of service for our customers.”
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 solutions 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.