Financing Medical Technology | Renal and Urology News interviews W. Ben Utley CFP®

Renal and Urology News tells us options are limited for physicians when it comes to purchasing or leasing expensive equipment.  W. Ben Utley advises to consider the return of the investment before securing a loan. "If you put $1 into a practice and your return is 6%, and the interest rate on a loan is 3%, doctors get a better return putting it into the business". Utley also encourages physicians to look at their community bank as “they are the people you know, the patients you work on right there in your backyard – those are typically the people most interested in giving you a loan.

Read other tips in the  article "How to Buy Technology for Your Medical Practice" by Tammy Worth.