InterNex Provides $1.5MM Credit Facility to Arizona Healthcare Billing Company

InterNex provided a $1.5 million credit facility to an Arizona-based healthcare billing company. InterNex provided an upsized line of credit to refinance the existing lender and provide working capital for future growth.

The company provides outsourced A/R servicing (billing, cash management and collections) for hospitals, leveraging its IT platform. The company left an existing factor in favor of InterNex's non-notified solution and its Velocity platform.