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 $700,000 medical accounts receivable financing facility with an infusion pharmacy in Florida (“Company”).
The Company was founded in 2020 and provides infusion therapy for patients in their homes. Infusion therapy refers to the process in which patients receive medications via needles or catheters in a vein. Receiving this care at home instead of a healthcare facility or other care setting is a more cost-effective option.
Alleon was approached by the Company with a request to leverage its medical accounts receivable balance, assist with working capital and refinance existing debt. 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.
“We continue to see infusion pharmacies expand and with that growth, having access to capital is key to providers. We are excited to work with the Company and its management team to help it grow throughout the Florida market.,” 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.