Sableleaf Lending, a business funding company in Grants Pass, OR, explains medical practice loans for Josephine County, OR physician offices and clinics: equipment loans for doctors, working capital while insurance payments are pending, physical therapy and veterinary clinics, and financing the purchase of a practice. County physician counts and payroll come from the Census Bureau.
At a glance
- Offices of physicians
39 employers, 849 employees (CBP 2023)
- Payroll per physician-office employee
about $93,900 (our arithmetic, CBP 2023)
- Ambulatory health care employers
179 (CBP 2023)
Physician Practice Loans and How Grants Pass, OR Owners Use Them
Physician practice loans fund the equipment, staffing and ownership changes of a medical office. Josephine County, OR had 39 offices of physicians with employees in 2023, employing 849 people with $79.7 million in payroll (Census Bureau, County Business Patterns 2023). That is about $93,900 per employee (our arithmetic), well above the all-sector county figure of about $46,300.
| Measure | Josephine County, OR |
|---|---|
| Offices of physicians (6211) | 39 employers, 849 employees |
| Fewer than five employees | 9 (23.1%) |
| Physician offices, ZIP 97526 | 19 (ZBP 2023) |
| Ambulatory health care (621) | 179 employers, 2,537 employees |
| Physician offices without paid employees | 26 (Nonemployer Statistics 2024, a separate program) |
Medical Equipment Loan for Doctors for Josephine County, OR Owners
Doctors finance exam tables, diagnostic devices, ultrasound and imaging units, lab analyzers, sterilizers and practice software. Each item is valued by what it would bring if resold, so newer equipment from an established maker gives a partner a clearer resale value than a specialized used unit.
Illustration only, invented figures: a family practice finances a $65,000 ultrasound unit at 8.5% a year over 60 months. In this invented example, the ultrasound unit costs about $1,334 a month. Compare that payment with the monthly revenue the unit is expected to bill. The equipment financing page covers leases as well.
Working Capital for a Medical Practice Manager in Grants Pass, OR
A practice manager's working capital problem is timing: payroll and rent go out every two weeks and every month, while insurance payments arrive weeks after the visit. The gap equals average monthly billings multiplied by the months it takes to collect.
Illustration only, invented figures: a clinic bills $90,000 a month and collects in about 45 days. In this invented example, about $135,000 is outstanding at any time ($90,000 x 45/30), and that is the amount the practice carries before it is paid.
Working capital or a revolving line fits that float; the working capital page shows how to size it.
Working Capital for Physical Therapy Clinic: Questions Josephine County, OR Owners Ask
Physical therapy clinics are counted with other health practitioners: 57 employer establishments in Josephine County, OR in 2023, 63.2% with fewer than five employees (Census Bureau, County Business Patterns 2023). Their working capital needs follow the same insurance timing as physician offices, with treatment equipment on top.
The chiropractic and therapy page covers those clinics in detail.
Business Loans for Veterinary Clinics: A Grants Pass, OR Overview
Veterinary services had 11 employer establishments and 154 paid employees in Josephine County, OR in 2023 (Census Bureau, County Business Patterns 2023). A veterinary clinic finances surgical tables, anesthesia machines, digital radiography and kennels like a medical office, but its patients pay at the counter, so its cash cycle reads more like a retailer's than a physician's.
Working Capital for Dental Clinic: What Grants Pass, OR Owners Compare
Dental clinics carry similar equipment costs and a mix of insurance and patient payments. Josephine County, OR had 37 offices of dentists with employees in 2023 (Census Bureau, County Business Patterns 2023). The dental office loans page covers chairs, imaging and practice purchases.
Buying a Physician Practice in Grants Pass, OR
- Get three years of the practice's tax returns and collections reports.
- Separate the price into equipment, patient records, goodwill and receivables.
- Check payer contracts and whether they transfer to the new owner.
- Confirm the lease and any noncompete terms.
- Plan for the months before payer enrollment under the new owner is complete.
Buying a practice can be funded with a term loan sized to the purchase price and paid from the practice's collections.
How Large a Josephine County, OR Physician Office Runs
Spread across 39 offices, the county's 849 physician-office employees come to about 21.8 per office, and payroll to about $2 million per office (our arithmetic from CBP 2023). Only 9 of the offices had fewer than five employees. A practice of that size carries a payroll in the tens of thousands of dollars every pay period, which is why the timing of insurance payments matters as much as the equipment budget.
Practice Records a Partner Reads in Josephine County, OR
- Several recent months of the practice's business bank statements
- Collections and accounts receivable aging reports
- The latest business tax return and a current profit and loss
- Equipment quotes, or the purchase agreement for a practice
- The practice lease
The Grants Pass, OR business page has the county's health care sector figures.
By Sableleaf Lending · Updated