BHG is proud to support the dreams of healthcare professionals nationwide who are making an impact on a daily basis. Read stories from people just like you, who dared to make a move that changed their future for the better.
Financing a Private Medical Practice at the Speed of Innovation
Dentist
Dr. Michael Guldan ’s practice is seasonal, so he needs to prepare and handle a slowdown during the winter months. Ensuring his business has enough working capital through these times is one of his greatest challenges. Having to shoulder the responsibility of keeping the practice running during ebbs and flows means a strain on finances. Cutting costs wasn’t cutting it, and Dr. Guldan needed to find a new solution.
Optometrist
Dr. Rebecca McPherson of McPherson Optometry knows the importance of a clear vision. Her vision propelled her through optometry school and eventually drove her to acquire her own practice. Purchasing a practice meant she needed a loan. Working with banks was a grueling process; when new expenses arose and Dr. McPherson once again required funding, her bank relationships fell through.
Physician Assistant
Hilda has been working the grind of a physician’s assistant for 19 years. While she loves the work, it takes a toll. Hilda was searching for an opportunity that would allow her to spend less time at the office, receive better pay, and be her own boss. When an opportunity arose that fit perfectly into Hilda’s plans, she was able to jump at the possibility with help from BHG.
Dentist
While being your own boss has a host of benefits, Larry Brent, owner of Brent Dental Arts also knows the challenges. You can choose your own hours and employees, but you also bear all the financial burdens and hardship. With a growing practice and expanding revenues things were looking up. But slow payments from patients and insurance companies meant some months showed negative cash flow. Larry needed wiggle room to keep growing his practice.
Physician
When Dr. Steven, a hospitalist in Michigan, started his own practice, he wasn’t prepared for the overwhelming tax complications he would face. Compounding interest, high rates, and penalties kept his payments from making a dent. He was losing focus on his practice and he needed help fast.
