ATLANTA (April 6, 2016)—Provider Web Capital is excited to announce its continued monthly origination numbers, with 300 percent year-over-year growth from March 2015. Transactions of note are highlighted below:

  • $200,000 to a Michigan-based home health agency for working capital
  • $100,000 to a Utah-based counseling center for cash flow stabilization
  • $100,000 to a Miami-area home health practice for operational needs
  • Additional funds to a client in the durable medical equipment industry

Provider web chairman Chris Stenglein said of Provider Web’s month, “I’m extremely proud of our entire team and the solid finish to Q1. I anticipate the growth to continue as Provider Web cements itself as a leading player in the health care financing space. Our new Remit ATM product allows our clients to get access to their filed but unpaid claims ahead of schedule. If payroll is on a Wednesday, and the clients’ reimbursements are not scheduled to arrive in their bank account until Thursday, they can now use Remit ATM to mitigate these issues. As we’ve seen in the news recently, Medicare payment rules are changing. This will definitely affect our clients, so we have tailored specific solutions to help their businesses during times such as these.”

Provider Web Capital is also pleased to announce the recent hire of Jack Daly as Chief Revenue Officer. With over 25 years of experience managing sales professionals, Mr. Daly’s tenacity and passion bring a fresh new perspective to Provider Web’s internal sales efforts. Previously serving in sales leadership roles for BullsEye Telecom, Gather Mobile Pay, and Hospice Partners of America, Mr. Daly looks to lead the sales efforts at Provider Web to new heights in 2016.

“We’re extremely excited to have Jack on board with us,” Mr. Stenglein commented. “It’s fantastic that we were able to add such valuable talent to the Provider Web Team. I have no doubt that Jack’s skills and experience will translate well to what we’re doing here at Provider Web.”

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