ATLANTA (August 5, 2015)—July was another record month for Provider Web Capital, as the company set new origination highs combined with a record number of newly acquired clients. Provider Web accomplished this while continuing to provide excellent customer service and additional funds to current clients when needed. Some noted transactions from July include:
• Funded a Clearwater, Florida, mental health facility to refinance debt
• Funded a Wichita, Kansas, home health care facility for working capital
• Provided additional funding to a Redlands, California, hospice facility for working capital
• Provided additional funding to a metro Atlanta medical equipment facility for business expansion
In addition, the government shut down in Illinois has led to payments being cut off temporarily for many health care providers. Provider Web is actively working with customers in the state to help bridge this gap.
“The situation in Illinois is different than we’ve seen in the past, so we have had to restructure our normal product to meet the needs of our clients,” CEO Brian Zwerner said. “The circumstances in Illinois have healthcare practitioners within the state; we are there to support the health care community by providing them quick access to capital so they can maintain their business operations and patient services.”
Last month PWC announced its new Provider Web Cares Initiative.
“At Provider Web, we are proud that the funds we offer to our clients are used in their mission to help patients in their community,” said Zwerner.
One such story that was shared with Provider Web Capital was from a 25-year-old health care provider in Kentucky that performs assessments for disabled veterans. Their CFO reported that, “after receiving the funds from Provider Web Capital, I was able to grow and obtain new work with the Veterans Administration. I now have the opportunity to work with veterans waiting for medical services.”
Visit providerwebcapital.com to learn more.
