Those in the medical profession can really grow their business and skyrocket profits through medical equipment financing. No one loves to take on debt, but loans for doctors, including equipment financing, can be worth far more in the long term than the interest paid in the short term. Here are some ways that medical equipment financing can help grow an existing medical business beyond its current limits.
Having certain medical equipment available onsite will bring in new patients, help keep old ones, and very likely steal some patients from competitors. Regardless of how close facilities are, there are very few, if any, patients that love having to leave the doctor’s office to have an ultrasound, x-ray, or other procedure requiring special equipment. A trip to the hospital or imaging center only costs them more time and money. They have to come back to the office to get the results, and the trip takes more time than a walk down the hall, regardless of how close it is.
The billing process is much more streamlined when as much as possible can be done in office. Having to send patients off site because the equipment needed is not onsite means they are getting bills from you and the other site. The costs can quickly escalate and become confusing for the patient – possibly delaying your payment. Allowing them to receive one bill from one office, even if for multiple procedures, simplifies the process. This makes it more likely you get paid in a timely manner.
Better Customer Service
Customer service is the key to growing any business. Having the equipment onsite that will allow patients to receive more of the services they need all in one place is outstanding customer service, and will not go unnoticed. Patients will not only stick around, they will let all their friends know about the awesome customer service they receive while under your care.
Medical equipment financing can make this all possible. Biz2Credit specializes in connecting borrowers with lenders that best fit their needs. Whether it is a line of credit, equipment financing, or even a small business startup loan, Biz2Credit can help. Visit Biz2Credit.com for more information.
This article was submitted by Faith Stewart. Faith Stewart has a BBA with a major in accounting and spent 10 years working in the various aspects of accounting and finance before pursuing her passion for writing.