Banner
  • Revenue Cycle Management
  • COVID-19
  • Reimbursement
  • Diabetes Awareness Month
  • Risk Management
  • Patient Retention
  • Staffing
  • Medical Economics® 100th Anniversary
  • Coding and documentation
  • Business of Endocrinology
  • Telehealth
  • Physicians Financial News
  • Cybersecurity
  • Cardiovascular Clinical Consult
  • Locum Tenens, brought to you by LocumLife®
  • Weight Management
  • Business of Women's Health
  • Practice Efficiency
  • Finance and Wealth
  • EHRs
  • Remote Patient Monitoring
  • Sponsored Webinars
  • Medical Technology
  • Billing and collections
  • Acute Pain Management
  • Exclusive Content
  • Value-based Care
  • Business of Pediatrics
  • Concierge Medicine 2.0 by Castle Connolly Private Health Partners
  • Practice Growth
  • Concierge Medicine
  • Business of Cardiology
  • Implementing the Topcon Ocular Telehealth Platform
  • Malpractice
  • Influenza
  • Sexual Health
  • Chronic Conditions
  • Technology
  • Legal and Policy
  • Money
  • Opinion
  • Vaccines
  • Practice Management
  • Patient Relations
  • Careers

Country Club Bargains

Article

If you have some cash lying around, or got a big refund from the IRS, now may be the time to shop for that country membership you’ve always wanted but couldn’t afford.

If you have some cash lying around, or got a big refund from the IRS, now may be the time to shop for that country membership you’ve always wanted but couldn’t afford. Like many other businesses across the country, exclusive country clubs are reeling from the recession and many are cutting prices to boost membership and stay out of the red. Thousands of members have dropped their memberships or suspended them to save cash, according to a recent survey by the National Golf Foundation, cutting membership in some clubs by as much as 30% or more.

Of the nation’s roughly 4,400 private clubs, about 700 have reported facing a serious financial crisis. The tactics the clubs are using to fight back vary. About 500 clubs nationwide have responded by discounting initiation fees, putting them on an installment plan, or waiving them altogether. Some are inviting so-called affiliate members, who pay no initiation fee and then have a few years to decide whether to become a full-fledged member. Although club membership is traditionally by invitation only, some clubs are aggressively advertising their no-initiation-fee promotions, while others are trying to beef up revenues by allowing public play.

Not all country clubs are offering deals, so you may need to do some legwork in your search for any potential bargains. A good first step is to find country clubs in your area, which you can do at The Golf Membership Spot. The site lists clubs by state and also includes a Buyers Guide that features a checklist of important questions to ask before you submit an application.

Related Videos
Victor J. Dzau, MD, gives expert advice
Victor J. Dzau, MD, gives expert advice