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Diamond Business Credit Funds Independent Medical Practice

September 08, 2017, 07:00 AM
Filed Under: Medical

Diamond Business Credit announced that it recently funded a medical practice roll-up. The strategy of this sponsor-backed management company is to consolidate the fragmented independent medical practice market. 

The challenge for the small, independent medical practice is the complicated, burdensome billing and collections process with the insurance companies. The management company brings an established platform that includes third-party billing and collection, reimbursement optimization, and the typical efficiencies that come with consolidation and centralization.  The physicians bring their medical training, patient population and billing credentials. 

All that was needed was access to responsive, flexible, expandable working capital to fund the increasing book of receivables that comes with a growing business.

Diamond responded with a $250,000 line of credit which is expandable as additional practices are acquired and integrated. 

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