Crestmark has launched a new division offering medical accounts receivable financing to businesses in the healthcare industry.
The division will be led by Ray Zilke, first vice president, division manager based in Franklin, TN. Zilke will report to Steven Tomasello, Crestmark executive vice president.
“We are excited to launch our Healthcare Financial Services division,” said Crestmark President Mick Goik. “Businesses in the healthcare industry are generally underbanked or underserved, and our financing will help provide a solution to companies who experience a cash flow gap caused by slower payments from insurance carriers.” _x000D_
“And we’re pleased to announce the promotion of Ray Zilke to lead the new division. His industry knowledge, factoring experience and proven leadership will be a driving force in helping Crestmark to extend its reach to help businesses.”
Zilke joined Crestmark in November 2005 as an account executive for the Midwest region at Crestmark’s Troy offices. In 2010, he was relocated to Tennessee, where his contributions played an integral role in reorganizing the Transportation Services division. In 2012, Zilke was promoted to first vice president, underwriting and portfolio management for the Transportation Services division. Under his leadership, write-offs were reduced, and portfolio performance improved to top tier.
Zilke served as vice president, asset-based loan officer and special assets loan officer at GMAC Commercial Finance. Earlier in his career, he served NBD Bank as assistant vice president, field exam team leader, as well as loan officer.
