Online PR News – 07-September-2016 – Provider Web Capital continues to bring innovative solutions to meet the needs of healthcare small business owners. In August, we highlighted our innovative, patent pending Remit ATM solution. This product allows medical business owners to get paid immediately when they receive an Explanation of Benefits (EOB) notice from a payer.
In todays healthcare environment, even when a government or insurance payer such as Medicare or Medicaid sends the EOB form to a medical provider, it still takes another 1-3 business days before the money will hit their bank account. This last mile delay is after the 2-6 weeks it typically takes for that payer to process the claim. Healthcare business owners will no longer have to wait those last few days for payment. With Remit ATM they can receive a wire of their funds the same day they receive the EOB notice.
Jack Daly, Chief Revenue Officer of Provider Web Capital, said We are excited to continue solving payment problems for our customer base. Medical small business owners all face the challenge of paying expenses today while waiting weeks or months for reimbursement from third party payers. Remit ATM helps to cut that gap and give the business owner more control over their cash flows.
Along with the extension of this inventive product we are pleased to report continued growth in origination numbers in August 2016. Client financing originations are up over 80% for the first eight months of 2016 compared to this same period in 2015.
Transactions of note are highlighted below:
A Few Examples of Funding Support for Our Clients in August:
$100,000 to a home health business in Texas to purchase a hospice business in a neighboring city.
$50,000 to a medical laboratory in Detroit, Michigan to better manage working capital and expenses.
$30,000 to a hospice provider in San Antonio, Texas through our Remit ATM solution to bridge the timing on Medicare reimbursements.
Provider Web Capital delivers our clients value, trust, and common-sense solutions structured specifically for health care small businesses. For further information, please contact us today at (855) 860-9700 or visit us at http://providerwebcapital.com/.