Avisena Closes $2.5 Million of Debt Capital By Square 1 Bank

Mon Jul 11, 2011 9:00am EDT

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Avisena Closes $2.5 Million of Debt Capital By Square 1 Bank

Additional Resources To Support Avisena's Growing Customer Base

PR Newswire

MIAMI, July 11, 2011 /PRNewswire/ -- Avisena, one of the nation's leading providers of revenue cycle management software and services for physician practices, today announced the extension of a $2.5 million debt facility from Square 1 Bank. The facility will be used to accelerate the Company's strategic expansion into new markets through additional investments in sales and marketing.

"Square 1 believes in supporting high growth businesses with great leadership and satisfied customers. We are proud to partner with Avisena and provide additional resources to support their growing customer base," said Peter Meath, Senior Vice President of Square 1 Bank.

"Our core mission is to improve the financial condition of our physician partners while making healthcare transactions easier on patients, physicians, billing staff, payers and Avisena employees," said Joseph Radigan, CEO of Avisena. "We are delighted that Square 1 shares our vision and will provide additional resources so we can continue to provide exceptional service and new capabilities to our provider clients."

About Avisena:

Avisena is a revenue-cycle management company that provides fully-integrated software and comprehensive support services to help physician practices increase collections, reduce costs, and improve operating efficiency. Based in Miami, the Company delivers on-demand insight into practice productivity and results that optimize workflow and improve financial performance.  For more information, call 877-889-4117 or visit www.avisena.com.

About Square 1 Bank:

Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide solid support for its clients' needs. The bank offers tailored products and solutions aided by the latest in technological innovations. To serve its relationships, Square 1 has offices coast to coast in Austin, Boston, Boulder, Durham, McLean, New York, San Diego, Santa Monica, Seattle, and Silicon Valley. For more information, visit www.square1bank.com.

SOURCE Avisena

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