When individuals choose a medical facility one of the first things they consider is how comfortable does the facility make them feel during their medical visit.
Many people dislike having to go to the doctor's or dentist office for checkups and for medical care.
The initial environment one takes in when the visit occurs will either put the person at ease or make them feel worse about their situation while waiting to be seen by the physician or dentist.
Many medical facilities have a budget that allows them to purchase state of the art equipment such as lighting, office chairs, office decor, aquariums, music and stereo centers along with wi-fi areas and many new facets of medical office marketing such as digital signage which allows the patient to receive updates and a directory to office and bilingual services to make the medical office visit a more overall enjoyable experience. Cash flow is very important when determining how much to spend on office interiors and decor.
All of the above items do come with a cost. Based on the annual expenditure budget of the medical office or facility it may not be possible to purchase all of the items and add new and used equipment that is extremely necessary to give the best in patient care.
In some cases based on the length of time the practice has been open more than likely the physician who either owns the practice may be able work with a bank that they've had a relationship with over the years and borrow what is needed to upgrade the medical facility.
In cases where it is a new practice with at least 6 months in business, it is much more difficult to get a substantial loan due to the fact the practice does not have established credit.
Some alternative funding sources offer Medical Practice Loans that work with medical practices that have not established credit yet but will work with a medical facility with at least 6 months in business. Small Business Loans Depot goes out of its way to make sure the doctor has the funding they need to take care of the expenses they incur.
Once the loan is procured it will go a long way toward helping the new medical practice bring in new patients and clients and in the long run cash flow will increase for the physician owner. Ed Rogers.
