AquinaApril 5, 2016

Provider Web; Productive Month of Originations & A New Hire

Provider Web; Productive Month of Originations & A New Hire

Atlanta, GA—Provider Web Capital is excited to announce its continued monthly origination numbers, with 300% year-over-year growth from March 2015. Transactions of note are highlighted below:

  • $200,000 to a Michigan-based home health agency for working capital
  • $100,000 to a Utah-based counseling center for cash flow stabilization
  • $100,000 to a Miami-area home health practice for operational needs
  • Additional funds to a client in the durable medical equipment industry

Provider Web Chairman Chris Stenglein said of Provider Web’s month, “I’m extremely proud of our entire team and the solid finish to Q1. I anticipate the growth to continue as Provider Web cements itself as a leading player in the healthcare financing space. Our new Remit ATM product allows our clients to get access to their filed but unpaid claims ahead of schedule. If payroll is on a Wednesday, and the clients’ reimbursements are not scheduled to arrive in their bank account until Thursday, they can now use Remit ATM to mitigate these issues. As we’ve seen in the news recently, Medicare payment rules are changing. This will definitely affect our clients, so we have tailored specific solutions to help their businesses during times such as these.”

Provider Web Capital is also pleased to announce the recent hire of Jack Daly as Chief Revenue Officer. With over 25 years of experience managing sales professionals, Mr. Daly’s tenacity and passion brings a fresh new perspective to Provider Web’s internal sales efforts. Previously serving in Sales Leadership roles for BullsEye Telecom, Gather Mobile Pay, and Hospice Partners of America, Mr. Daly looks to lead the sales efforts at Provider Web to new heights in 2016. “We’re extremely excited to have Jack on board with us,” Mr. Stenglein commented, “It’s fantastic that we were able to add such an invaluable talent to the Provider Web Team. I have no doubt that Jack’s skills and experience will translate well to what we’re doing here at Provider Web.”

About Provider Web Capital:

Provider Web Capital is a specialty provider of commercial funding programs developed specifically to address the needs and complexities of the healthcare sector. Located in Atlanta, Provider Web Capital works with clients across the United States. Provider Web Capital has developed practice financing products designed to supply healthcare providers fast access to short term funding for their business.  Repayment is based on receivable collections and is not tied to a fixed amortization schedule. Funding is fast, flexible, and works in tandem with our client’s existing revenue cycle process.  Provider Web provides funding amounts from $10,000 to $250,000 and higher.  Please see further information on our website at: or contact us at (855) 860-9700.