Featured on Physician’s Practice: 9 Challenges Funding Can Help Your Medical Practice Overcome

blurry empty hospital waiting room

Medical practice funding is typically best used to support ventures that will help grow your practice, which in turn increases the likelihood that you’ll be able to repay your funding on time.

However, sometimes medical practices are faced with challenges or unexpected events expenses that may require additional funding to help cover costs without impacting cash flow. When you’re seeking funding to overcome challenges, it may be more difficult to get the funding you need from traditional lenders like banks or the SBA.

With a simpler online application, flexible approval requirements, and fast turnaround, alternative medical practice funding can help you meet these challenges and continue to grow your practice.

We joined Physician’s Practice to share our expertise on 8 common challenges faced by medical practices that alternative funding can help you overcome, including:

  • High patient turnover
  • Staff burnout
  • Hiring qualified staff
  • Changing patient behavior
  • Size of practice
  • Maintaining inventory
  • Purchasing and repairing equipment
  • Improving technology
  • COVID-19
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Author:
With over 25 years’ experience in financial services, Pamela Kohl has worked closely with banks, alternative finance, and other fintech platforms to develop core banking services, as well as establish new card programs, lending programs, and global payments platforms. She has been nationally recognized for creating innovative solutions, leveraging new markets, and developing winning strategic partnerships. Currently, Pamela serves as Vice President of Marketing at Greenbox Capital. Pamela earned a B.A. from Marshall University, summa cum laude, and M.A. in International Economics from the University of Miami, where she graduated with Distinction.