NEW YORK and AUSTIN, Texas (October 28, 2016)—eMDs, a provider of ambulatory electronic medical records (EMR), practice management (PM) software, revenue cycle management (RCM) solutions and credentialing services, announced a strategic partnership with Provider Web Capital, the leading finance provider for health care small businesses, to offer clients access to the industry’s best financial solutions. These finance offerings will be rolled out to eMDs’s customers over the following months and will be integrated into eMDs’s practice management software platform.
Provider Web Capital’s products are designed to help small to mid-sized medical practices gain much-needed access to capital. These programs streamline cash flow in an increasingly complex reimbursement or claims-based industry. The application and underwriting process is technology driven—allowing medical practices to receive funding as fast as two business days. The repayment of these facilities is the most flexible and unique in the finance industry. Medical practices make payments on these facilities based on a percentage of their accounts receivables. Provider Web Capital eliminates the stress of managing cash flow and allows medical practices to stay focused on patient care and growth initiatives.
“eMDs’s mission is to provide healthy solutions for healthy patients and healthy practices,” commented Derek Pickell, CEO of eMDs. “That starts with having a healthy bottom line. Unfortunately, for small- and mid-sized practices, working capital is often limited, even if they have a solid business. By partnering with Provider Web Capital, we can offer our clients financing solutions that help them stay focused on keeping their clients healthy.”
Commenting on the partnership, Chris Stenglein, Chief Executive Officer of Provider Web Capital, said, “Our two companies are aligned in the vision of freeing medical providers from their financial concerns, so that they can focus on their core mission of working with their patients. We are excited to bring our innovative financial toolkit to the customers of eMDs to give them control over the timing of their payments from government and commercial payers.”