Alleon Healthcare Capital ("Alleon"), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $2,000,000 medical accounts receivable financing facility with a skilled nursing facility operator (“Company”).
The Company is currently offering specialty management services to five separate skilled nursing facilities throughout Florida, Ohio, and Missouri. Its focus is on interim or temporary management oversight, financial, sales, or regulatory consulting, pre transition facility assessment support and hands on operational, clinical, and A/R diligence, and post transition oversight and management support.
The Company approached Alleon with a request to leverage its medical accounts receivable to acquire additional facilities and expand operations. Alleon was able to structure the transaction as a financing facility made up of medical receivables that are billed to government and commercial insurance carriers with an advance rate of 80% on eligible receivables.
“With everything that occurred in the SNF space since the start of the pandemic, we are extremely excited to be financing this new client, as it has an outstanding track record of revitalizing existing nursing facilities. This is a very important sector within the healthcare space, and we are pleased to play our part in strengthening it.” said Ben Malyar, V.P. of Business Development at Alleon.
About Alleon: Alleon Healthcare Capital, a division of Alleon Capital Partners LLC, is a specialty finance company focused on providing cash flow solutions for healthcare providers in the U.S. 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.
