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Medical Practice Financing - the impact of healthcare reform on private practitioners
How does the new healthcare legislation impact the bottom line of private medical practices and what do loan underwriters need to know?
The Patient Protection and Affordable Healthcare Act (PPAHCA) may already be impacting medical practice profitability and may require practitioners to re-think their business models with government payments to Medicare being cut by as much as 20%. Coleman Publishing’s May 25th Medical Reimbursement Webinar will tell lenders what they need to know about healthcare reform and industry trends so that they may continue to successfully underwrite loans to medical practitioners.
Medical practice banking expert, Phil Bond, will boil down the main points of PPAHCA that affect reimbursement and ultimately financial viability of a variety of private medical practices. “To write good loans to medical practices, bankers need more than financial statements. They need to understand what will be happening in the next 5 years with Medicare and private insurance reimbursement”
Mr. Bond is the Executive Vice President and Chief Credit Officer of Beach Business Bank (also known as “Doctor’s Bank”) and has over 18 years of banking experience and has served in several key credit and management positions during this period. Prior to joining Beach Business Bank, Mr. Bond served for two years as Senior Vice President and Manager of City National Bank’s Government Lending Department where he was responsible for the management and administration of the Bank’s Small Business Administration division and other guaranteed loan programs. Mr. Bond began his career as a bank examiner for the Federal Deposit Insurance Corporation (FDIC). Mr. Bond is a graduate of the University of Texas with a Bachelor of Business Administration, and earned his MBA at the John E. Anderson Graduate School of Management at UCLA.
For further information about the webinar, contact Joseph Coleman at email@example.com.
P.O. Box 546
La Canada Flintridge
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Coleman Publishing is an online media company covering the small business banking industry. The founder, Bob Coleman, is the national expert in small business lending.
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