Provider Web Capital Chairman Chris Stenglein spoke recently on the Dana Barrett Show. Please listen to a portion of the show here.
In the world of business, money means more than just having something to fall back on. It means having the ability to offer your consumers more goods and services. It means having the option to offer more to your employees in the form of benefits and incentives and most of all it makes growing and flourishing as a business much easier. The fact of the matter is, more money never hurt anyone— which is exactly why we want to teach you how to maximize your finances to get the most out of your hard-earned dollar.
Recent changes in the Affordable Health Care Act have made it so that every American has access to professional medical care. With the health care reform in full effect, every American citizen is eligible for health care and must buy into the market due to binding laws. Many people are choosing high deductible plans, which will have a big impact on medical providers in the early part of each calendar year. As the new year starts, patients will be responsible for a larger portion of their healthcare costs, putting strain on physicians and other medical providers who will need to collect these payments from their patients. Small businesses in the healthcare sector will need to stockpile working capital for the start of the year to manage through this difficult period.
As any small business owner and their lender will attest, cash flow and revenue disruptions are an ongoing cause of owner/lender anxiety. The availability of quick access to working cash for such contingencies is paramount to a small business’ success. Many industries, such as retail and food service, can rely on daily cash flow from customer sales coming into the business.
Growing and expanding a small business in today’s economy can be quite a challenge. After paying staff, overhead, and expenses, it can be difficult to find the capital necessary to do what is needed to help the business grow. This is why more and more healthcare businesses are looking for loans to fund their growth. Business loans offer the ideal opportunity to obtain the capital necessary, without taking away from employees, equipment or patient care. Some of the reasons that businesses seek a loan include: