Non-Profit Medical Offices

Medical offices are the link that helps to direct patients to doctors- one that makes operating a medical office a noble one, rather than just being monetary places. As one would expect, the accuracy and the efficiency when it comes to running a successful medical facility are the traits that need to shine through.

There always needs to be necessary supplies available at a moment’s notice, so that you can meet your patient’s needs quickly. These require you to pour in capital to attain, and if you are on the lookout for funding, then it will depend on whether your facility is a non-profit, profit, or government-run medical establishment.

1. Funding From The Government

State funding is the main source of capital for close to 2 in every 3 medical facilities in the United States. The remaining 1/3^rd is either government-run or for profit. There are government-run medical facilities that are eligible for state funding, and this can reduce the expenses and increase the bottom line considerably.

2. Non-Profit Lending

For non-profit medical offices, one of the prime capital sources is from non-profit lenders. In the United States, the Health Resources and Services Administration (HRSA) is one of the biggest providers of healthcare grants. Their goal is to expand the quality of medical care from coast to coast, and this is achieved by means of capital infusion into non-profit medical facilities.

3. Fundraising

Fundraising is a way to expand the non-profit healthcare facility by means of providing required resources-mostly capital. At the same time, they also communicate and create awareness among the communities at large. The members of the community take an active part in the participation and since the healthcare improvements are for the benefits of the citizens, it is often done without seconds thought.

4. Commercial Bank Loans

   

   Medical Facilities

There is a growing demand for good medical care, and for this reason, banks are ready to lend and make a lean profit in the process. To give you an idea of the scale, in the year 2011, close to $1.7 billion was loaned to hospitals by banks in the United States. These are loans that are extended to for-profit medical facilities as they are the ones that will be able to generate profits that can be repaid to banks with interest. Although non-profits also can avail of loans, the fact that they don’t need to have the revenue to sustain themselves make banks think twice before handing out approval to the loans.

5. Charities

The number of health-related charity organizations in the United States comes close to 81,000. The resources available in the form of charities are immense. There are many charities that raise capital for a particular health ailment, while others cast a wide net.

Running an efficient and functional medical office is needed for the wellness and health of a community. The facility should never fall short of resources and capital must be available at times of need. But for the most part, the charities, government, and banks don’t hold back from pouring capital in and this allows for the highest possible level of care to be provided.

 For meeting all of your capital needs, contact Building Block Capital, at (877) 386-3035 or write to us at info@buildingblockcapital.com.