A line of credit can help medical practices weather cash flow ups and downs.
Rather than expending all your capital up front to buy the equipment, financing allows you to spread payments over time and free up capital for other business expenses.
Jonathan Kaplan, MD, MPH, reflects on what he learned from buying a plastic surgery practice.
It is a common business strategy for medical practices to use lines of credit from a bank or other financial institution.
What to consider before investing—and what it takes to win.
To take on a lease or take out a loan? For many small business owners, that really is the question. Especially for those in the medical field, it’s a tough choice between leasing expensive new equipment or financing it with a loan.
Doctors and hospitals in the U.S. spend nearly $200 billion per year on medical devices, according to a 2015 study by the Advanced Medical Technology Association.
One decision often facing medical practice owners is whether to buy or lease equipment. Here are a few points to consider before making your decision.
The revenue cycle model for a medical practice is more complex than many other businesses, and a line of credit can be a lifesaver for a practice dealing with operational disruptions.
The number of urgent care centers in the United States is growing, and many physicians see expansion into urgent care services as an opportunity to grow their practices.