Medical industry lending is a specialized type of financing that offers a specific focus on addressing medical practice needs.
Whether medical companies require healthcare IT upgrades or need employee training, it is important that medical clinics stay up-to-date on the latest medical practice technology. Medical industry lending offers medical financing solutions to ensure that clinics stay updated on the latest medical technology to succeed and help patients in need.
Examples of medical financial services include competitively priced lines of credit, specialized financing for EMR, practice management hardware, healthcare IT, software and training costs, simplified application processes, discounted rates on term loans and also business overdraft protection.
Additionally, medical industry lending offers financing for healthcare professionals that want to expand their practices by expanding current practices or purchasing a new building. Many lenders can also help provide assistant with the loan process for a healthcare construction project.
Medical industry lending encompasses a wide variety of medical customers, including dental, veterinary and medical construction loans and focuses on cash flow driven lending.
The healthcare industry is ever changing, which allows the industry to explore several different working types of capital loans. These types of loans include refinancing existing obligations, bridge loans to capital market transactions and recapitalizations. This allows medical industries to take advantage of growth and expansion opportunities, which is especially important for general practice medical clinics.
Special medical sectors include hospitals, senior housing facilities, ambulatory surgery, medical device manufacturers, outpatient centers, medical insurance carriers, direct health carriers, pharmaceutical companies, physician offices and more.
Many medical industry lending companies focus on traditional lending, this includes acquisitions and working capital. They also offer equipment leasing to help clinics leverage technology, while expanding their patient services. They provide standby letters of credit in case any major or significant purchases should arise. Last, they provide fixed income sales and trading, which teaches medical clinics how they can sell or trade bond instruments for additional cash.
The industry has been rapidly changing over the last couple of years and is anticipated to further change at a fast pace. With more government regulations being imposed, it is important that clinics stay up-to-date with the latest technology advancements.