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Medical practice finances are complicated enough without adding multiple lines of credit into the mix. Between payment delays due to insurance, third-party processors, and changing clientele, predicting your finances on a monthly basis can be daunting. When you add in multiple debt payments with varying interest rates, loan terms and payment schedules, things can quickly
As a physician managing your own practice, you probably have a lot of goals for the future. A working capital loan from Bankers Healthcare Group can help fund many different initiatives to advance your practice and help you achieve these goals. New Technology In this fast-paced world, it’s vital to keep up with new technologies.
Starting your own practice is a huge undertaking. Even the most organized and motivated physicians can make simple missteps that further complicate the process. Luckily, Bankers Healthcare Group is here to help. We have extensive experience working with medical startups. Learn how to start a medical practice while avoiding the common startup pitfalls outlined below,
Syracuse, N.Y. – Bankers Healthcare Group, the leading provider of financial solutions for healthcare professionals, is partnering with CRIF Synergy for new technologies to increase automation, improve attribute management and reduce decision times. BHG will use the CRIF Synergy CREDICHECK data access system, RapUP decisioning characteristic development system and StrategyOne business rules management system. “Our
When you run your own medical practice, you have a lot to handle in your day-to-day. You might not think much about the software you use (or don’t use) or other technology that helps run your business. This can be to your detriment — if you don’t consider changing technologies, and the changing patient expectations
Bankers Healthcare Group is where healthcare professionals find commercial financing that helps power medical businesses and healthcare careers. Since 2001, our medical business loans have assisted licensed practitioners as they build medical, dental and veterinary practices, clinics, pharmacies and more across the U.S. While other financial institutions may have one department that focuses on healthcare,
“There’s no time to waste.” To a healthcare professional, there are few sayings that ring so true. Trying to maximize each day’s time to care for patients, lead staff and manage a practice can be extremely challenging. Patient care undoubtedly tops the priority list for most healthcare professionals. After all, that’s what they were trained
When looking to start a new business, acquire an existing business or to merge your existing business with another firm there are many factors and some red flags to take into consideration before moving forward. This is just as true with a medical practice startup as it is with any other type of business. Starting
At Bankers Healthcare Group we understand that healthcare professionals are engaged in business—that you receive payments for services, perform transactions with vendors, meet payroll obligations, etc.—in the course of long days spent as doctors, veterinarians, dentists, pharmacists, physician assistants, nurse practitioners, physical therapists and other medical specialties. But we are also aware of the many
Most of us have experienced unexpected events that derail plans, shift priorities and cause us to rearrange our lives and schedules. During these times, we may reach out to family and friends for support and understanding. In business, events as devastating as an earthquake or as persistent as slow insurance reimbursements can affect your ability