Case Study: Government Unexpectedly Withholds Payments to Medical Provider

In October 2014, Pennsylvania’s medical providers that receive payments from Medicaid woke up to an email from the Department of Public Welfare (“DPW”), the administration that provides care and support to Pennsylvania’s most vulnerable citizens. The email expressed that DPW, in preparation for the new fiscal year, is withholding payments on all submitted claims and is adjusting the time it typically pays from two to four weeks. To a provider, this email was horrifying as medical practices rely on government and commercial insurance payments to cover their accounts payable, payroll and operating costs.

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Alleon Provides $750,000 Medical Accounts Receivable Financing Facility to a Missouri Care Coordinator

Alleon announces the recent closing of a $750,000 medical accounts receivable financing facility with CareLinc Options, LLC (“CareLinc”). Headquartered in St. Louis, MO, CareLinc is an integrated health and wellness company utilizing a niche approach to organizing health management solutions in community settings for three targeted populations: Seniors, Employers and School-age Children.

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Alleon Closes a $2,000,000 Medical Accounts Receivable Financing Facility

We’re happy to announce the closing of a $2,000,000 medical accounts receivable financing facility to a radiographic and fluoroscopy services provider based in California. The medical provider is an independent diagnostic testing facility that offers radiologic technologist services as well as fluoroscopy equipment to 50 Ambulatory Surgery Centers (“ASC”) and clinics throughout California, Las Vegas, Salt Lake City and Dallas specializing in pain management and spinal injection procedures.

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