Alleon Healthcare Capital, a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring and cash flow solutions to medical providers in the U.S., recently closed a $5 million medical accounts receivable financing facility with an occupational health organization based in California._x000D_
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Alleon was approached by the company with a request to leverage its accounts receivable asset in order to improve liquidity and assist with future growth plans. Alleon was able to structure the transaction as a financing facility made up of medical accounts receivable that are billed to commercial insurance carriers at an advance rate of 80%._x000D_
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“The company’s mission is to become the largest occupational therapy provider in California, and we are extremely excited to help with its goal,” Ben Malyar, vice president of business development at Alleon, said.
Forward for Specialty Finance
