Alleon Healthcare Capital closed a medical accounts receivable financing facility with HomeCare Rx, a New Jersey-based specialty pharmacy.

HomeCare Rx is focused on providing immunoglobulin therapy services to patients in the homecare setting. Today, many chronic conditions require high-tech infusion therapies to help patients lead healthy and productive lives. Providing infusion therapy for patients in their homes is not only more cost effective, but also allows patients the ability to resume normal lifestyles and work activities, as opposed to remaining in hospitals.

Alleon was approached to help HomeCare Rx facilitate its growth and secure a discount with its vendor for quicker payments.

HomeCare Rx’s president Dhara Patel said, “Alleon provided an exemplary level of service to us and has a detailed understanding as to what is required within the short term funding arena to get transactions completed timely and effectively. Additionally, Alleon’s background, knowledge, respect and promptness are excellent and made the entire process seamless.”

Alleon Healthcare Capital, a division of Alleon Capital Partners, 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.