Avisena receives $2.5 million debt facility from Square 1 Bank

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."