Thirty Reasons Why Medical Practices Have Cash Problems!
1. Insufficient control over the cost and quality of your service.
2. Lack of proper stock control.
3. Paying too much for supplies.
4. Under pricing the services you are providing.
5. Poor patient relations.
6. Failure to promote and continue promotion of your public image.
7. Poor public relations with suppliers of goods and services to your company.
8. Management’s lack of ability to reach decisions quickly and act fast.
9. Failure to keep pace with management aids as conditions change.
10. Real and psychosomatic illnesses of key people.
11. Reluctance to be aware and seek professional assistance when needed.
12. Failure to minimize taxation through proper advice on tax planning.
13. Inadequate insurance programs.
14. Lack of planning and forward impetus in sales department.
15. Poor human relations with your staff.
16. Loss of key personnel.
17. Lack of total knowledge of your services.
18. Inability to foresee and cope adequately with competition.
19. Complacency about competition.
20. Failure to anticipate market trends in connection with your services.
21. Failure to anticipate market trends in regard to changing trends.
22. Lack of control of liquid assets.
23. Insufficient planning for future capital needs.
24. Failure to stay within the bounds dictated by capital availability.
25. Lack of budgeting or failure to adhere to budget.
26. Refusing to recognize factuality of financial position.
27. Poor record keeping.
28. Granting of too much personal credit.
29. Purchasing too much on credit.
30. Poor receivables control.
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Testimonials!
"I just want to say "Thanks for helping get into my new practice! If it wasn't for you
helping me and knowing the right lender, I would not be in my own dental practice today.
Keep up the good work and good luck to you!"
Dr.Denise F. Hollywood, CA
"I would really like to thank you for your GREAT help in
getting me this hard to fund loan. I tried every bank, no one wanted to help! I know that you
worked hard and made it work. I will definitely refer you to my fellow doctors."
Dr.Emily W. Las Vegas, NV
"I am writing to let you know how pleased I am with
BRT Financial, Inc. I am a Family Physician in private practice in Erie, PA and was presented
with an opportunity to join a large multi-specialty group of physicians.
It was
a good move for me professionally and I was excited about the opportunity; until I met with
several local banks and realized how frustrating their lending process is. Each of these
banks wanted me to borrow the money I needed, $100,000.00, against my home with a home equity
line of credit (HELOC).
I wanted to keep my business and personal financial affairs separate and decided to look
elsewhere for financing. I came across BRT Financial and after several e-mails back and forth
with you; I decided to go forward with BRT Financial. It was such a simple and “painless”
process that I at times felt it was “too good to be true”.
Well, it was not too good to be
true and 48 hours after completing the simple on-line application, I received notification I
had been approved for unsecured financing and just 2 days later had the money in my account
with a great interest rate and fixed terms with no pre-payment penalties.
Again, I was shocked that the terms were so good and actually they were better than any terms
I was quoted from several local lenders. I am so happy I chose to work with BRT Financial and
will definitely return when the future brings opportunity that needs funding. Thanks!
"
Dr.Paul S, Erie, PA
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