Daily News: April 22, 2015

Alleon Joins ADP Marketplace

Alleon Healthcare Capital (Alleon) announced it joined the ADP AdvancedMD Marketplace to help private medical practices attain working capital needed to stabilize cash flow and receive reimbursements within 48 hours of claim submission.

Alleon’s focus is on medical providers that are unable to secure financing through traditional sources such as banks or credit unions. It offers medical accounts receivables lines of credit, cash flow loans, term loans, and medical accounts receivable purchases to any provider in the U.S. With Alleon’s programs medical providers are able to expand, stabilize cash-flow, resolve special situations and improve the revenue cycle process.

“We created the AdvancedMD Marketplace to provide our clients with the most comprehensive selection of leading tools and services, and the goal of an efficient workflow for their practice,” said Shane Curtis, VP of business development. “Our objective has always been to make our technologies more flexible, more insightful and ultimately, more unified with the simplicity that practices need to manage a technology ecosystem with minimal IT knowledge or involvement.”

“We are thrilled to be part of the AdvancedMD Marketplace as it is undoubtedly a great resource for medical providers,” said Leon Chernyavsky, Alleon’s Managing Partner. “Reimbursements and revenue cycle management are hot topics in the industry and we are happy to offer our working capital products to a wide audience of AdvancedMD clients.”