Alleon Healthcare Capital Closes a $750,000 Medical Accounts Receivable Factoring Facility with a Michigan Home Healthcare Agency

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May 05, 2015, 08:15 ET

ENGLEWOOD, N.J., May 5, 2015 /PRNewswire/ -- Alleon Healthcare Capital ("Alleon"), a specialty finance company focused on providing medical receivables financing, medical receivables factoring, and cash flow solutions to medical providers in the U.S., announces the recent closing of a $750,000 medical accounts receivable factoring facility with Integrity Care, LLC ("Integrity").

Headquartered in Bloomfield Hills, Michigan, Integrity provides home care services to patients that have suffered traumatic brain injuries as a result of auto accidents and require 24/7 on-site attending care. Integrity provides attending care services, nursing care services, physical therapy services, transportation services, and case management services.

"We struggled to find a lender that understood our business and were introduced to Alleon by a business associate. The professionalism and industry knowledge which the Alleon team members displayed made us very comfortable in moving our factoring facility from another lender," said John A. Jackson, Integrity's operator.

The transaction is crucial to Integrity's revenue cycle management and allows Integrity to receive payment within 24 hours of claim submission.

Ben Rutkevitz, Alleon's Vice President of Business Development adds, "Providers that treat auto accident victims wait a long time to receive payments from insurance carriers and this creates a cash flow challenge for them. Factoring these medical accounts receivable is a viable option and I'm certain that Integrity and the community will benefit from this facility."

ABOUT ALLEON: Alleon Healthcare Capital, a division of Alleon Capital Partners LLC, is a specialty finance company focused on providing cash flow solutions for healthcare providers in the U.S. that are unable to secure financing through conventional sources. Alleon works with providers nationwide, as long as they receive payments from Medicare, Medicaid, Commercial Insurances, Private Insurances, HMO/PPOs, Managed Care, No-Fault/PIP carriers, Worker's Compensation carriers, and Letter of Protection (Personal Injury) cases.

http://alleonhealthcare.com
http://alleoncapital.com

SOURCE Alleon Healthcare Capital