Funding Irish Medical Professionals
Talk to PRISM – The Business Finance Experts
Your medical practice is also a business. All businesses need financial support – at PRISM we understand the needs of professionals and work hard to fulfil your differing needs.
You are a Key Member of Your Community – Providing a Vital Service
You are operating a medical practice that treats patients and saves lives, however, you are also operating a business. Whether you are working with the HSE or operating as a private consultant, obtaining the right finance is necessary for your business.
At PRISM, we work with private medical consultants and practitioners across Ireland providing key financial services to achieve a sustainable business.
YOUR FUNDING OPTIONS
Funding Irish Medical Practices
Obtaining the proper financing is crucial to expanding or starting a private medical practice. Unfortunately, many doctors don’t have the time to deal with shopping around for the right source of finance.
At PRISM, we partner with all financial institutions that have a specialised medical division that works to provide loans to healthcare professionals. We understand the challenges facing doctors and can help you get the appropriate funding to grow your business.
Buying an Existing Practice
Whether you’re buying into an existing medical practice as a partner, or buying it outright may require substantial investment. It is important that you evaluate the business before any purchase is made. The patient numbers, premises, equipment and all HSE contracts need to be taken into consideration before beginning negotiations.
At PRISM, we can help you to buy into an existing practice through a variety of different finance options. The most common method of financing for this particular venture is Secured Lending. This is a loan that is backed by security, in this case it will be the premises of the practice. An alternative can be a partner equity loan. This can be spread out over a long period, which makes it very cost effective over the term of the loan.
Setting Up a New Practice
As a doctor, setting up your own medical practice will come with some substantial costs.
HOW WE CAN HELP
PRISM Consultancy Group is owned and operated by managing directors Niall Kavanagh, John Connelly & Connell Porter. All three directors have extensive experience in business banking across all sectors having previously occupied Senior Management positions in Bank of Ireland & Ulster Bank.
At PRISM, we pride ourselves on providing top quality service that is appreciated by business owners & professionals. We save our clients time & money through project managing the entire finance operation. Our team will analyse your needs, and go to the market with your specific requirements in mind. PRISM compare all different financial institutions to ensure that the finance is cost effective and also to make sure that the funding will suit your needs.