ProviderWeb Capital Announces Four New Healthcare Financings for January 2015

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ProviderWeb Capital is pleased to announce the closing of four new funding arrangements for healthcare companies during January 2015. The new financings will help these healthcare providers to continue with their patient missions by giving them the funds needed to manage their revenue cycles and maintain solid levels of working capital.

ProviderWeb Capital is pleased to announce the closing of four new funding arrangements for healthcare companies during January 2015. The new financings will help these healthcare providers to continue with their patient missions by giving them the funds needed to manage their revenue cycles and maintain solid levels of working capital. Below are details on the four new transactions:

  •     $250,000 of financing to a mental health provider in the Mid-Atlantic region for working capital needs;
  •     $15,000 of financing to a physical therapy practice in Utah for cash flow stability;
  •     $10,000 of financing to a medical equipment supplier in North Georgia for revenue cycle management; and
  •     $8,000 of financing to a medical equipment provider in the Metro Atlanta area for an increase in working capital.

Greg McCollum, President of ProviderWeb said, “We are very excited to supplement the cash flow needs of these businesses. We are committed to providing quality service to all of our clients.” Mr. McCollum, who joined the firm in June 2014, said that the past few months has brought about a number of changes that have enhanced productivity and increased work flow at ProviderWeb. “The sky is the limit for us here at ProviderWeb,” McCollum said, as he added that the ProviderWeb team surpassed their funding goal for January and is eager to increase the funding amount for February. “It doesn’t matter that it’s the shortest month of the year,” McCollum quipped, “As long as we continue to grow, we will be able to service more clients faster while still maintaining our unbeatable customer service.”

About ProviderWeb Capital:
ProviderWeb 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, ProviderWeb Capital works with clients across the United States. ProviderWeb 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. ProviderWeb provides funding amounts from $10,000 to $250,000 and higher. Please see further information on our website at: http://www.providerwebcapital.com or contact Greg McCollum at 866-400-8995.

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Michael Griffin
ProviderWeb Capital LLC
since: 09/2014
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