ProviderWeb Adds Three New Clients to Portfolio, Increases Additional Funding to Existing Clients

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Company is Expanding Its Reach, Offering More Financing Solutions to Diversified Client Base

ProviderWeb Capital is excited to announce the acquisition of three new clients to its portfolio, as well as additional funding of more than $150,000 to existing clients. This steep growth allows ProviderWeb to diversify its reach across the country, while maintaining its dedication to satisfying the customer and providing health care practitioners with fast, easy access to capital. Below is a summary of the company’s new deals during March:

  •     $25,000 of financing to a Texas-based home health practitioner to stabilize their cash flow;
  •     $50,000 of financing to a long term care facility based in California to help with revenue cycle management;
  •     $51,000 of financing to a Middle Georgia ambulatory services provider; and
  •     $150,000 of additional financing to existing clients.

Said Chief Executive Officer Brian Zwerner about the high level of production during the month, “We are thrilled to see such continued growth in our client base, and we are happy to help these health care providers achieve their goals through our products and facilities.” Mr. Zwerner was particularly enthused with respect to the $150,000 of financing provided to existing clients. “To me,” Mr. Zwerner stated, “This shows when your product is a success. When new customers become repeat customers, this provides a stable stream of growth, while still satisfying the customer. They are comfortable with our product, how it works, and how it can benefit their practices. In turn, they will recommend us to others in their specific niche within the health care industry, which will lead to more satisfied customers, while growing our book of business in the meantime.” As noted in a commentary written by a ProviderWeb team member in late March, the marketplace is looking for alternatives to traditional bank lending. When asked about this article, President Greg McCollum was quoted as saying, “We provide a much needed service for marketplace participants. With an informationally efficient marketplace, business will flow to those services that maximize consumer utility. We provide that for the health care industry, and that doesn’t seem as if it will change any time soon.” Optimistic about the future, ProviderWeb Capital will maintain its strident message of providing fast, flexible financing to an array of health care providers, one satisfied customer at a time.

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 us at (866) 400-8995.

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Michael Griffin
@ProviderWebCap
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