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. After analyzing the provider’s accounts receivable portfolio Alleon was able to quickly structure the medical factoring facility and help the medical provider avoid a tax lien filing by the IRS.
"Medical providers are continuing to have a hard time meeting cash flow needs due to a long wait between performed procedures and payments. This wait really affects a growing practice and we are happy to help by speeding up the cash flow process and making cash flow predictable.”
About Alleon: Alleon Capital Partners is a specialty finance company focused on providing capital solutions to medical providers that are unable to secure financing through conventional sources. Alleon works with providers nationwide, as long as they receive payments from Medicare, Medicaid, Commercial Insurances, Private Insurances, HMO/PPOs, Managed Care, No-Fault/PIP carriers, Worker’s Compensation carriers, and Letter of Protection (Personal Injury) cases. To contact Alleon please call Ben Rutkevitz at 201-340-6346 or email him at benr@alleoncapital.com. You can also visit Alleon Capital Partners at http://alleoncapital.com.
