Start by asking the following questions:
ü Is your cash flow as consistent as you would like it to be?
ü Are you sure every service you have performed has been properly billed and collected?
ü Are you confident that all of your hard work is paying off?
ü Have you ever had difficulty making payroll or meeting a malpractice premium?
ü Would improved and consistent cash flow relieve the stress and worry of paying bills on time?
ü Is poor cash flow preventing you from growing the practice, adding new partners, acquiring needed equipment?
ü Have traditional bank loans increased your debt making the practice less desirable for resale or acquisition?
ü Have you been turned down for bank loan increases due to insufficient collateral or personal guarantees?
These questions should start you thinking about problems with business operations and procedures in your own practices. With overhead costs increasing and reimbursements decreasing, physicians and allied health care professionals are hard-pressed to meet their cash demands. Medical funding can provide a debt-free solution to the problem of poor or irregular cash flow. This can enable more physician practices to remain economically viable, able to fulfill their primary mission – caring for the health and welfare of their patients.