What Is A Merchant Processor?
What types of payments will you accept from patients at your new medical practice? In addition to working with various health insurance companies, you may want to accept payments via credit card, debit card, and other means of electronic payment. A merchant processor, also known as a merchant services company or credit card processing company, […]
The Pros And Cons Of Money Factoring
Money factoring allows your medical practice to maintain a steady cash flow regardless of when your patients are able to pay their bills. Companies called factors will give you up to 90% of the total of an unpaid invoice. Once your customer pays their bill, you’ll be reimbursed the additional 10% minus the factoring company’s […]
Leasing Medical Equipment Vs Buying
Should your medical practice buy or lease the medical equipment you need to serve your patients and stay ahead of the competition? Both leasing and buying offer benefits and drawbacks to a new or growing practice. Buying your own medical equipment is the more affordable choice over the long-term in the same way that buying […]
Types of Commercial Loans for Buying a Commercial Condo
Are you ready to purchase a commercial condo for your medical practice, but don’t have hundreds of thousands of dollars to invest? You’re in luck. For new and growing medical practices, there are a variety of commercial loans available to help you get your practice up and running, or to help a growing practice thrive […]
Purchasing a Commercial Condo
Are you ready to purchase a commercial condo for your medical practice? A commercial condo offers a variety of benefits for medical entrepreneurs in private practice or partnerships. Unlike other types of real estate, where up to 35% of the property cost must be put down in cash, medical professionals can purchase a commercial condo […]
What Is Practice Succession Planning?
Practice succession planning is needed whenever a physician, whether it’s you, a partner, or a colleague, decides to leave your medical practice.
Overhead Business Expenses
If you are in solo practice, this type of insurance is especially important to have. If you were injured or became ill tomorrow,
Capital Funding Lenders
When traditional loans or lines of credit are not enough to meet the financial needs of your medical practice, it may be time to think about capital funding. Capital funding lenders offer medical professionals customized funding options that are accessible in a short amount of time. Capital funding can offer more flexible payment terms and […]
How To Choose A Merchant Processor
Choosing the right merchant processor for your medical practice will help you save money, ensure smooth electronic transactions, and provide your patients with an optimal customer experience. But not all merchant processors are created equal. A processor that specializes in high-volume hospitals may not be the right choice for a small doctor-owned practice or medical […]