Boustead Secures $2.5M Debt Facility for CareAccess MSO (“CAMSO”)
Boustead Securities, LLC (“Boustead”) has secured a $2.5M debt facility for CareAccess MSO (“CAMSO”), a management service organization that provides management and administrative services to physician practices, Independent Physicians Associations and Accountable Care Organizations in the Los Angeles, Orange, San Bernardino and Riverside counties. CareAccess MSO assists physician practices with the administrative challenges associated with running a business, while maintaining a significant level of autonomy, so physicians can focus on their patients. Boustead facilitated financing in partnership with Alleon Healthcare, a privately held specialty finance company focused on providing cash flow solutions and medical receivables financing to healthcare providers in the U.S. “Alleon is very excited to provide financing for CAMSO. We are impressed with CAMSO’s management team, experience and growth it has shown so far. It is rewarding to help a company like CAMSO continue to grow especially since it represents the value based approach to healthcare. We believe that Management Service Organizations and Independent Physician Associations, like CAMSO, that are incentivized to keep its patient’s healthy versus focusing on the fee for service model could be the future of healthcare in this country and we are happy to be a part of it," says Ben Rutkevitz, Alleon Healthcare’s VP of business development. Boustead looks forward to working with CAMSO to further its mission in providing quality healthcare experiences to physician practices and their patients. “We were pleased to bring together CAMSO with Alleon who provided the growth capital Alleon was seeking. We are looking forward to more collaborative financing initiatives with both companies” says Eli Ansari, Managing Director and Head of Blockchain Investment Banking, of Boustead Securities.
CareAccess MSO Services:
Call Centers for Members and Providers
Compliance and Auditing
Contracting (Health Plan & Provider)
Track and Maintain Eligibility
Financial Services & Decision Support
Information Technology & Services
Marketing & Brand Creation
Member Services, Eligibility & Enrollment
Quality Improvement/Utilization Management (QI/UM) Program
For illustrative purposes only.
HEDIS Performance CAMSO works with healthcare organizations to create best practices in population health management, which, in turn, improves P4P measures like Health Care Effectiveness Data and Information Set (“HEDIS”). Using standardized quality measures such as the HEDIS allows health plans to effectively track year-to-year performance and measure healthcare services and how they are improving the health conditions of members. HEDIS measures address a broad range of important health issues. Among them are the following: ● Asthma Medication Use ● Persistence of Beta-Blocker Treatment after a Heart Attack ● Controlling High Blood Pressure ● Comprehensive Diabetes Care ● Breast Cancer Screening ● Antidepressant Medication Management ● Childhood and Adolescent Immunization Status ● Childhood and Adult Weight/BMI Assessment
For illustrative purposes only.
Addressable Market The total addressable market in Los Angeles County, Orange County and Riverside County is 15 million, with a total available revenue pool of $450million per month.
This press release is not a solicitation or offer to buy or sell securities. Investments may be speculative, illiquid and carry a risk of loss. Past performance is not indicative of future results. There is no guarantee that any specific outcome will be achieved.
About CareAccess MSO For more than 25 years, the staff at CareAccess MSO has managed IPAs and facilities that provide patients with the highest level of quality care in the Los Angeles, Orange, San Bernardino and Riverside areas. CareAccess MSO's leaders, physician partners and health system partners are committed to providing quality patient care and improving healthcare in California. For more information and a complete listing of services, visit www.careaccessmso.com. About Alleon Healthcare Alleon Healthcare, a division of Alleon Capital Partners, is a privately held specialty finance company focused on providing cash flow solutions and medical receivables financing to healthcare providers in the U.S. The financing products Alleon offers, allows clients to stabilize cash flow, hire new staff, take on more patients, open new medical offices, or deal with special situations such as tax liens or Medicare audits. Alleon's team is well-versed in medical billing and collection services and attempts to resolve clients' needs such that they focus less on revenue cycle management and more on providing quality healthcare. About Boustead Securities, LLC Boustead Securities, LLC (“Boustead”), a member of FINRA and SIPC, is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information, please visit www.boustead1828.com. Forward Looking Statements This document contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this document and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this document and other statements made from time to time by us or our representatives might not occur.