Grice, Pope and Associates (GPA), a national healthcare finance company with over 70 years’ experience in the capital markets announces that they have identified five critical financial mistakes doctors make when borrowing money. It is now available in their free whitepaper titled “5 Failures Physicians Make When Borrowing Money”.
GPA has found that there is no doubt that those who graduate from medical school are exceptionally bright and determined to have a successful career. However, few doctor’s curricula ever teach the intricacies involved in solving the financing maze required to operate their practice. In “5 Failures Physicians Make When Borrowing Money,” GPA explains the key financial points to guide healthcare providers along the most efficient and effective path to acquiring the various resources needed during the life of their practice – whether just starting up, acquiring new equipment or expanding their locations. They also clearly describe the five things which are the to be avoided – the “failures” – in order to secure the best possible outcome when borrowing capital.
GPA is the only healthcare finance company in the country that incorporates Revenue Enhancements into their loan package to ensure maximum approval rates and to increase profit. This allows borrowers the option of either reducing the size of the loan needed if they are only looking for a minimum cash infusion or increasing the size of the loan (via increasing their Debt Service Cover Ratio – DCSR) if they are looking for as much capital as possible.
Charles Pope, managing director of GPA explains, “One of the fundamental mistakes doctors make, is that they do not avail themselves of all potential revenue sources. These additional revenue sources lead to retaining more of the patient population, greater patient satisfaction, better payer relations and improved diagnostics for better care. Above all, this whitepaper presents multiple financing options that were not previously available.”
According to Nate Hollander, COO of American Billing Solutions, “Grice, Pope & Associates is the only financial company I know which offers a ‘turnkey’ solution for medical practice financing; they have vast funding resources and offer their physicians a proven way to pay off the loan without dipping into their operating capital.”
GPA has partnerships with leading companies to provide these services to its clients. The company has multiple lending sources across the country, including traditional and non-traditional sources. With a fiduciary responsibility to the physician, they work hard to find the best options that work for them – not the lender! As Greg Grice, Pope’s partner noted “there is never a shortage of capital, only a shortage of qualifying transactions, and the differentiator is the analysis and packaging. These additional revenue sources for General Practice, Family Medicine, Orthopedic (and much more) complete the finance cycle from disbursement to payback.”
About Grice, Pope & Associates, Inc.
Its principals have been funding the healthcare industry since 1977. Given this vast experience and well-seasoned network, they can source a wide range of innovative and competitive financial packages tailored to healthcare professionals. Clients include a wide range of specialties from family practice to ophthalmology, dentists, chiropractors and multidisciplinary practices. For more information, please go to http://gp-assoc.com/