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Further the conversation and respond to the following:
Dr. Doria Chege
Hi Liz and Class,
You made some great points about ACS financing. You are shared many of the options available. Often ACS’s are physicians owned if they are physicians tend to finance a buy-in investment and often utilize a familiar local bank. Banks can be a good source of capital. However, they often require a “blanket” lien on the physician’s assets, a spousal guarantee, and sometimes disability and life insurance assignments (Shaub, 2017). A physician must understand their personal loan terms, which can impact their future borrowings or sale of personal assets. Aspiring ASC owners may also use a specialty healthcare lender to provide a loan. These companies compete with banks on interest rates but have added expertise in the ASC industry, which can be advantageous if the facility endures unfavorable or adverse changes (Shaub, 2017).
References:
Kaufman Hall & Associates. (2010). A guide to financing strategies for hospitals with special consideration for smaller hospitals. Chicago: Kaufman, Hall & Associates, Inc.