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Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing medical accounts receivable factoring, medical accounts receivable financing, and cash flow solutions to medical providers in the U.S., recently closed a $2,500,000 medical accounts receivable financing facility with a drug and alcohol recovery center in California (“Company”).

The Company was established to consolidate the highly fragmented residential substance abuse treatment center industry, provide a fresh look at treatment programming, introduce new technology to provide more evidence-based positive outcomes and identify and adopt best practices in the industry.

The Company offers various types of therapy, which include motivational interviewing, cognitive behavioral therapy, rational emotive behavior therapy, dialectical behavioral therapy, solution-focused therapy and systematic family intervention.

The Company approached Alleon to finance its accounts receivable to help with its working capital needs and growth objectives.  The Company is adding two new centers which will increase its total capacity to 104 beds. Alleon was able to structure the transaction as a financing facility made up of medical receivables that are billed to commercial insurance carriers with an advance rate of up to 75% on eligible receivables.

When asked about the financing process Michael Treanor, President of the Company, said “It was among the most professional processes and operations I have experienced, with a deep knowledge of our business.”

“Alleon Healthcare is committed to helping medical providers with their cash flow needs. This case is an example of a company whose growth would be greatly hampered by the delay in payments from health insurance carriers. Alleon is excited to provide a financing facility based on this provider’s AR which will allow it to continue its strong growth plan” said Ben Rutkevitz, 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.