Insight Healthcare Financial :: Financial Institutions

Insight was created as an independently owned, operational spin-off of Private Business, Inc. ("PBI") designed to assist banks in the financing of healthcare providers. Insight capitalizes on technology and a background of revenue cycle management to offer turn-key programs which facilitate the purchase of accounts receivable and loans collateralized by a provider’s assets.

Insight’s target market are small-to-medium healthcare providers including: hospitals, physician groups, home health agencies, and durable medical equipment suppliers with average annual revenues ranging from $1,000,000 to $25,000,000. In contrast to traditional lines of credit, Insight’s core product, A|RxMed Funding, enables banks and other financial institutions to generate a higher return with lower risk through the purchase of high-quality government, commercially guaranteed and privately obligated accounts receivable.

Today, Insight continues to grow adding new bank partners and client providers each month. Insight continues to develop its product offering and has recently announced the addition of ABL 360 to its inventory of accounts receivable management programs.

Timeline:

	1992		Private Business Inc. launches “BusinessManager”, a software product that enables financial institutions to manage accounts receivable financing, from the purchase of receivables from small businesses to the ongoing processing, billing and tracking of these receivables.
	1996		Richard Whitmer designs the "BusinessManager Medical” program and serves as Director of PBI’s Medical Division
	2000		Private Business Medical grows to a $47 million portfolio with annual gross profit of more than $1.5 million
	2001		Private Business, Inc. sells a license of BusinessManager Medical to Richard Whitmer who then forms Insight Healthcare Financial, Inc.
	2002		Insight launches the A\|RxMed Funding Program, a second generation accounts receivable financing platform designed specifcally for the healthcare industry.
	2007		Insight adds its ABL 360 to its product offering.