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Alleon Healthcare Capital Provides $2MM Medical A/R Facility to Skilled Nursing Facility Operator

November 04, 2021, 07:00 AM
Filed Under: Skilled Nursing

Alleon Healthcare Capital recently closed a $2,000,000 medical accounts receivable financing facility with a skilled nursing facility operator.
The Company is currently offering specialty management services to five separate skilled nursing facilities throughout Florida, Ohio, and Missouri. Its focus is on interim or temporary management oversight, financial, sales, or regulatory consulting, pre transition facility assessment support and hands on operational, clinical, and A/R diligence, and post transition oversight and management support.

The Company approached Alleon with a request to leverage its medical accounts receivable to acquire additional facilities and expand operations. 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.

“With everything that occurred in the SNF space since the start of the pandemic, we are extremely excited to be financing this new client, as it has an outstanding track record of revitalizing existing nursing facilities. This is a very important sector within the healthcare space, and we are pleased to play our part in strengthening it.” said Ben Malyar, V.P. of Business Development at Alleon.

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