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.
Alleon announces the recent closing of a $1,500,000 medical accounts receivable financing facility with Sun Valley Specialty Healthcare, a 45-bed pediatric sub-acute hospital dedicated to enriching the health and quality of life for children with special medical and/or therapy needs.
We recently exhibited at the Medical Group Management Association’s Annual Conference held in Las Vegas on October 26-29. MGMA had over 3,000 attendees ranging from service providers to hospital administrators. Although overwhelming for a first time exhibitor we were excited to meet many practice managers and innovators and look forward to collaborating with fellow exhibitors.
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.
We’re happy to announce the closing of a $2MM medical accounts financing facility with Hope Pediatrics, LLC (“Hope”). Headquartered in Dallas, TX, Hope is a pediatric home healthcare agency that specializes in private duty nursing for children ages 0 through 21.
Alleon Teams Up with ADP AdvancedMD to Assist Medical Providers with the ICD-10 Transition. We’re happy to announce a partnership with ADP® AdvancedMD (“ADP”) to lighten the financial burden for any ADP client going through the ICD-10 transition.
We’re happy to announce the closing of a $2MM medical accounts financing facility with Nationwide Laboratory Services, Inc. (“Nationwide”). Nationwide, headquartered in Ft. Lauderdale, FL, is a leading provider of general medical diagnostic services, as well as diagnostic services to end stage renal disease (“ESRD” or dialysis) patients.
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.
We are happy to announce the closing of a $3,000,000 medical factoring facility with a New Jersey medical provider. The provider, a substance abuse clinic with numerous locations throughout the state of New Jersey, approached Alleon with the desire to have a financial partner in place to accommodate its growth and resolve an existing tax liability.