AquinaMay 2, 2016

Provider Web Capital: Continued Aggressive Company Growth

Provider Web Capital: Continued Aggressive Company Growth

Provider Web Capital is excited to announce its continued monthly origination growth, with year to date originations up 184% from the same period in 2015. Transactions of note are highlighted below:

  • $100,000 to a Kentucky-based doctors group for operational funds
  • $65,000 to a long-term care facility in Idaho for working capital needs
  • $60,000 to a Georgia mental health facility for growth capital

April also brought new clients for Provider Web’s ground breaking Remit ATMTM product. This patent pending financing solution allows clients to identify individual invoices to Medicare, Medicaid, or private insurers and receive payment early. Customers utilize Remit ATMTM in order to get funds one day to four weeks in advance of payment to better manage their cash flow needs.

Provider Web Chairman Chris Stenglein said of Provider Web’s month, “The growth we are seeing at Provider Web is significant. Our relentless focus on providing best in class financial solutions for healthcare small business owners has gained incredible traction over the past two-years. We see a high level of repeat business from existing customers, and these same clients are also utilizing our newest product – Remit ATMTM.”

Provider Web also made significant new hires for its Business Advisor team, with three new salespeople signing on this month. Jack Daly, Chief Revenue Officer of Provider Web, stated that “these new team members will continue to deliver on our mission of providing value added advice to our healthcare customers. We expect to grow this team in the coming months to provide a high level of service for our customers.”