Alleon Healthcare Capital Provides a $1,000,000 Accounts Receivable Factoring Facility to a NY based Home Infusion Nursing Company

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 $1,000,000 accounts receivable factoring facility with a home infusion nursing company in New York (“Company”).

The Company provides nursing services primarily for home-based infusion. These include administrating and monitoring antibiotics, TPN/ PPN, analgesia, chemotherapy, IVIG and adjunct infusion therapies.

The Company has been in business since 2019 and has an opportunity to grow with the addition of new contracts with health systems. However, the payment terms from health systems create a cash flow issue.  To assist, Alleon was able to structure the transaction as a factoring facility made up of medical receivables that are billed to commercial and government insurance carriers, with an advance rate of 80%.

“We are thrilled to work with a company that is providing important home-based services in its community, allowing patients to stay at home and receive quality care more comfortably,” stated Ben Rutkevitz, Vice President of Business Development at Alleon. “This financing facility will help the Company grow its operations and be able to serve more patients.”

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.  Since 2009, Alleon has worked 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.