A funding specialist will get back to you soon.
If you can’t hang on then give us a call at (844) 284-2725 or complete your working capital application here.
Keeping up with changing regulations, insurance companies, employees, vendors, and the endless administrative work that comes with running a medical practice can be pretty overwhelming. While we’re not doctors, SBG can help finance your practice’s operational and growth costs so that you can focus on delivering top notch care to your patients.
Here are a few of the ways healthcare financing can help you overcome common industry challenges and grow your practice:
Many medical practices and home healthcare agencies have been experiencing a major staffing shortage. There have been countless stories in the news of home healthcare agencies having to turn away business due to not have an adequate number of healthcare employees on board. In order to meet staffing demands, healthcare employers can consider the following:
It’s not enough to offer what every other agency or practice is offering. Candidates want competitive pay +benefits, a positive work environment, with the possibility for growth.
Spending the time and resources on developing an effective onboarding process not only ensures that new employees feel welcomed, but it also significantly increases your employee retention rate. In fact, 69% of employees are more likely to stay with a company for 3 years if they experienced great onboarding.
Healthcare financing can help you grow your practice by expanding to a second location, building an addition, or adding new services to meet the needs of your patients.
Is your office inviting and clean? Or do things look a little drab and antiquated? If so, it is probably time to renovate. Having outdated equipment, older TVs, and worn-out furniture doesn’t give your patients a good impression. By investing in the appearance of your office, you’ll keep things looking fresh, calming, and welcoming. A few simple upgrades and a new coat of paint can go a long way.
The COVID-19 pandemic has undoubtedly accelerated the adoption of technology in the healthcare industry. This digital transformation is not likely to slow down anytime soon, and in order to provide an optimal patient experience, medical practices have to keep their fingers on the pulse. With extra capital, your healthcare business can implement technology upgrades such as:
This allows patients the ability to make appointments, send the provider a message, view their test results, fill out forms, upload photos of their insurance cards, make payments, and access their medical records.
Some patients prefer telemedicine over in-person visits. If your practice doesn’t offer virtual doctor’s visits, you may be missing out on a large share of the market.
In order to securely manage the data of your patients, a HIPAA compliant cloud hosting solution is a must.
In addition to the ideas mentioned above, here are a few more ways our healthcare business financing can help:
We provide funding solutions to many types of healthcare businesses such as home health agencies, dentist offices, long-term care facilities, medical offices, and more. Contact us today for more information about how we can help your healthcare business grow stronger.
2 min read
What is a FICO Score? A FICO Score is a type...
2 min read
One of the most difficult aspects of owning your own company...
Want to stay up to date with the latest SBG Funding updates?
Leave your email address with us!
Leave your email address so we can keep in touch!