“In the ever-changing, complex landscape for healthcare reimbursement, the pressures on both providers and patients have never been more significant” Chris Stenglein, CEO Provider Web
June 20, 2017
Provider Web Capital Funding, LLC (“Provider Web”), the leading finance provider for healthcare small businesses in the United States, is pleased to announce that it has consummated a minority equity investment from Atlanticus Holdings Corporation (NASDAQ: ATLC) (“Atlanticus”). Atlanticus is a financial holding company with investments primarily in companies in the financial services sector. Atlanticus’ portfolio companies are leaders in consumer financial services with a focus on consumers with limited access to credit. The proceeds of this investment will be used to increase staff, deploy new technology solutions, and grow the balance sheet at Provider Web.
For nearly a decade, Provider Web has been helping medical practices serve their patients by offering financing solutions uniquely focused on the challenges in the industry. The company offers programs that allow their customers to normalize cash flow in an increasingly complex reimbursement or claims-based industry. Provider Web’s application and underwriting process is technology driven – allowing medical practices to receive funding in as fast as two business days.
Over the last few years, the healthcare marketplace has seen a rapid evolution of the patient’s financial responsibility for their medical treatment. Medical practices are in need of solutions for their patients to finance these rising costs. Provider Web is now uniquely positioned to solve this critical need with Atlanticus’ core expertise in consumer credit. Provider Web will be rolling out new finance programs that will…