ProMED Healthcare Financing (dba ProMED), is a premier alternative financing company with a focus on medical practices and healthcare businesses. ProMED offers reliable and fast funding solutions through a variety of products and services. We have the flexibility to finance advance and loan products against traditional electronic payment proceeds, as well as Government (Medicare/Medicaid) and Private Health Insurance. ProMED’s proprietary underwriting accounts for the specific and unique nature of healthcare reimbursements, allowing customers to obtain capital for all their business needs including but not limited to growth, expansion/remodeling, purchasing new equipment and acquiring inventory.
ProMED has built its reputation for exemplary service by understanding the distinctive financing needs of its clients and delivering the financing solutions to meet those needs.
Executive Vice President
Rick Muckelrath brings over twenty years of lending, sales and marketing, and management experience to ProMED. He is widely considered one of the top healthcare finance sales and marketing executives in the industry. Mr. Muckelrath’s knowledge of healthcare sectors, as it relates to finance, is unparalleled. In his career, his sales and marketing efforts have generated over $800,000,000 in funds deployed. He is also knowledgeable in both the private and institutional capital markets. Mr. Muckelrath has been the architect of several intricate investment banking transactions and has successfully executed the liquidation of distressed assets.
Mr. Muckelrath is a regular contributor to respected industry publications such as the ABF Journal, Secured Lender, and Modern Healthcare. He has held Board of Directors seats on large healthcare service providers and currently sits on the board of the Commercial Finance Association. He is an educational contributor and committee member of the American Bankruptcy Institute’s Healthcare Committee, and is an active member of the Turnaround Management Association.
Director of Operations
Dan DeChiaro has served as our Director of Operations since January 2014, our Senior Analyst and Head of IT since October 2012, our Head Underwriter from June 2010 to October 2012, and as an Underwriter from December 2007 to June 2010.
Since 2007 Mr. DeChiaro has been building and managing operations for ProMED. He has had a large part in developing processes for all departments from Underwriting and IT, to Sales and Marketing. During his time with ProMED he has created our proprietary healthcare specific evaluation criteria and scoring metrics. While managing day-to-day operations he continues to build and refine ProMED’s back-end systems to allow us to continue offering expedient financing solutions that are tailored to the specific needs of our healthcare clients with the express purpose of adding value to their businesses.