Project Budget and Financing

When considering the development of your new medical facility the most costly, in terms of the financial success of the center, starts with the construction program. Generally, your construction costs will be the largest capital cost and represent the largest portion of the financing for the project. If the facility is financed by a loan which must be repaid over a period of years, the amortization of the loan and the interest will also represent a large part of your recurring costs. It is therefore critical that you assess the impact your construction program will have on both your short and long-term financial objectives, and that you don’t construct a facility so large that it will sap the profitability of the center. It is also important that you understand the complexity of building such a center. At Practice Setup, we have seasoned and knowledgeable professionals to help each physician understand the complexity of the proposed project and keep expectations and reality in check.

Within the Practice Setup Team, we have both bankers and financial analysts to help each physician thru the financing process and each has access to a multitude of programs for physicians. So whether the physician would like to deal with the “BIG BOYS” like Bank of America or Wells Fargo, or smaller local banks like Arizona Bank or even the Federal side (SBA), Practice Setup will help with the step by step process to insure the physician will spend more time growing their practice and less time fighting their way thru the paperwork.