Virtuous Pain Centers
CLIENT INDUSTRY
Healthcare
WEBSITE
TERM LOAN SOLUTION
Working Capital
FACTOR SOLUTION
Payroll
“Working with Josh and his team has been a great experience. Their level of responsiveness has been unparalleled and I’m grateful for their expertise and dedication to supporting innovation within the healthcare industry. I would recommend their services to anyone seeking a creative approach to the business financing process.”
Justin Lefevare, Owner | Virtuous Pain Centers
COMPANY
Virtuous Pain Centers is a network of free standing pain management centers with locations spread across Arizona. The company’s unique business model allows its physician partners to invest without putting themselves into further debt, bringing them peace of mind so they can focus on specialized patient care and successful outcomes. As the population in the area continues to grow, the demand for pain management services has increased. This demand has attracted the attention of physicians who are interested in partnering with Virtuous.
CHALLENGE
In order to meet the rising demand for its services, Virtuous wanted to expand its operations by opening a new location. However, this expansion required a sizable capital investment, which the client did not have at its disposal. Compounding this issue was the fact that the companies that insure the client’s customer base routinely delayed making bill payments. This pattern had been impacting the client’s ability to maintain adequate operating capital, making it even more difficult to fund expansion initiatives.
SOLUTION
Recognizing the client’s immediate need for funding to capitalize on growth opportunities, Breakout developed a tailored financial solution. By combining access to multiple term loan products, Virtuous received the necessary funding to open a new location and maintain operational efficiency by paying its physicians on time. This innovative financial arrangement allowed the client to pay off the term loans within 60 days post-funding to waive the remaining interest as the bill payments from the insurance companies were submitted.
RESULT
Breakout’s innovative financing solutions proved to be a game-changer for Virtuous, helping the company overcome hurdles in their journey towards expansion. The flexible and customizable terms offered by Breakout was tailored to the unique business needs and financial goals of the client. By avoiding the remaining interest payments, the client was able to redirect these funds towards strategic initiatives that would help the organization scale and increase its market share in a growing healthcare sector, further advancing the client’s position as an industry leader.
