A Harvard trained doctor had the idea that patients suffering from
chronic pain could be trained to eliminate the pain through bio-feedback.
The strategy involves training participants to control the activity of
neural regions linked with pain by viewing real-time functional magnetic
resonance imaging (rtfMRI) scans of their brains.
Over 50 million people in the US suffer from chronic pain. Many are treated
with highly addictive opioid drugs like morphine and oxycodone. The doctor
wrote a request to the National Institutes of Health describing his hypothesis
and recommended the training of 250 "pain" patients from the Stanford
University pain center.
Unfortunately the doctor needed a $3 million MRI from GE and did not have
financial statements or a personal guaranty worth $3 million.
After the doctor had his credit declined from many large and small leasing
companies and banks, he was referred to Anderson Funding.
The NIH grant had a schedule of payments conditional upon the doctor
completing the work on 50 patients at a time which would stretch over a
three year period. Anderson Funding was able to use its network of
government specialists and legislative consultants to assure its investors
that the assignment of the payments resulting from the grant was
qualifying collateral. Anderson Funding was also able to secure a
downpayment through a payment assignment from an overlooked smaller
grant.
Inviting Anderson Funding onto his team was the difference for his
astounding advance in pain management. Impossible turned into I'm possible
when Anderson arranged the non recourse financing under its
unique prime
contractor lease program. This program qualifies as an operating lease as
defined by Financial Accounting Standards Board #13.
Now patients are finding out that mind over matter is working
to eliminate their chronic pain without addictive drugs.
Mind over Matter?