A practice that calls Eaglerock Business Capital has its request passed on to funding partners, each with its own terms. Every worked case here uses invented figures.
Equipment financing fits a lab analyzer or a diagnostic cart, new or refurbished; a line of credit fits a vaccine order paid for before the visits that use it are paid; an accounts receivable aging report shows a partner where a practice's cash is waiting. Sinks, added outlets and wiring are property work outside this site.
At a glance
- Offices of physicians, Anderson County, TX
35 employer establishments (CBP 2023)
- Paid employees at those offices
254 (CBP 2023)
- Offices of physicians, ZIP 75801
32 employer establishments (ZBP 2023)
- Physician offices without paid employees, Anderson County, TX
12 (NES 2024)
A refurbished chemistry analyzer for a Palestine, TX medical practice, priced against a new one
A point-of-care chemistry analyzer lets a physician office run some blood tests during the visit instead of sending every sample out. A refurbished unit costs less up front, and the difference carries through the financing.
Illustration only, invented figures: a Palestine, TX physician office compares a new analyzer at $42,600 with a refurbished one at $27,300. Financed over 60 months at 9.85%, the new unit runs $901.98 a month and $54,118.80 in all. A funding partner may set a shorter term and a higher rate for an older unit, so the refurbished one is assumed here at 36 months and 10.7%: $889.89 a month and $32,036.04 in all.
In this invented comparison the refurbished analyzer costs $22,082.76 less over its schedule and $12.09 less each month.
For a used analyzer, a partner may ask for the seller's refurbishment report, the service history, the calibration record and whether a service contract comes with it; the same papers tell the office what it is buying. The equipment financing page compares an equipment finance agreement with a loan on a portable ultrasound, which is not the used-or-new choice worked here.
A vaccine order on a line of credit at a Palestine, TX medical practice
A family or pediatric practice can pay for a large vaccine order weeks before the visits that use it are billed and paid. That gap has a start and an end, which is what a line of credit handles: draw for the order, then pay the line down as payments for those visits arrive.
Illustration only, invented figures: a Palestine, TX practice draws $14,800 for a vaccine order at an annual rate of 12.8% and clears the draw in 50 days, for about $259.51 of interest (our arithmetic: $14,800 x 12.8% x 50 / 365). If only half is cleared by day 50 and the rest by day 80, the interest comes to about $337.36.
Once the draw is cleared, the same limit is open for the next order, subject to whatever renewal review the partner's agreement sets. A term loan would keep charging interest on its remaining balance until the last scheduled payment, even after the visits had been paid.
The accounts receivable aging report: the record a Palestine, TX medical practice can bring to a funding call
For a physician office, cash waits in claims and patient balances, and an accounts receivable aging report shows for how long. It sorts what the practice is owed by age, such as current, 31 to 60 days, 61 to 90 days and older, and it can also sort by payer.
A funding partner reviewing a line of credit or a working capital request may look at it next to the bank statements: the statements show what came in, and the aging report shows what is still on its way. A heavy oldest column reads differently from a heavy current one, and an office that knows its own report can explain either on the call.
Other papers may come up too, such as the quote for any equipment and a list of payments the practice already makes. Which ones a partner asks for is set in its own review, and none of them goes on the request form.
Physician office payroll and staff size across Anderson County, TX
County Business Patterns counted 35 offices of physicians (NAICS 6211) with paid employees in Anderson County, TX for 2023. Together they paid $33 million in annual payroll to 254 employees, a total for all 35 offices rather than a figure for any one of them.
| Measure | Count |
|---|---|
| Employer establishments, Anderson County, TX (CBP) | 35 |
| Of those, fewer than five employees (CBP) | 17 (48.6%) |
| Employer establishments, ZIP 75801 (ZBP) | 32 |
ZIP Code Business Patterns is its own file and places each office at its physical address; ZIP 75801 reaches past Palestine's city limits. Physicians practicing with no paid staff are counted by Nonemployer Statistics instead: 12 offices of physicians in Anderson County, TX for 2024, with $584,000 of receipts between them.
The Palestine, TX page sets out the office ZIP's sector counts, and dentists and other trades are on the industries page.
A diagnostic cart for a second exam room at a Palestine, TX physician practice
Adding an exam room for a second provider can mean a diagnostic cart: an EKG machine, a vital-signs monitor and a spirometer, plug-in devices that move with the practice.
Illustration only, invented figures: the cart's three devices come to $18,950. Put on a single 42-month equipment loan at 10.35%, the cart costs the practice $539.76 a month; by the last of 42 payments it has paid $22,669.92, which leaves $3,719.92 as the price of the financing.
If the quote also carries set-up of the practice's records software and staff training, which are not equipment, a term loan can take the whole amount on one schedule instead.
Work on the room itself, such as a sink, added outlets or new wiring, is property work outside this site.
The medical office post takes up one more physician office cost: a move to a leased suite.
By Eaglerock Business Capital · Updated