Written By Provide
This article originally appeared on getprovide.medium.com
Veterinary finance experts David Soto and Jimmy Stern discuss their experience in the industry and the progress veterinary hospitals have made with the help of financial technology (fintech).
Provide Regional Directors of Practice Finance David Soto and Jimmy Stern are no strangers to veterinary practice finance, with 10 years in the industry respectively. They sat down and discussed their process of working with veterinarians who are looking to acquire a practice, current fintech, and their most commonly asked questions.
1. Every healthcare provider is unique, but at a high level, can you walk us through the process of working with a doctor to make their veterinary practice ownership dreams come true?
Jimmy: It depends on what the provider wants to do. We offer both practice acquisition and startup loans for first-time veterinary hospital owners. If the provider is interested in purchasing a practice and they don’t have a target practice in mind, we recommend as their first step that they get in contact with a buyer representative in their area to check availability. They can also view available listings via Provide’s practice marketplace. The next call a doctor makes should be to a lender. We can get our providers pre-qualified in two minutes or less.
If a provider is going the startup route, their first step should be to call Provide. Not only do we offer flexible finance products, but we can also align them with industry-specific professionals who can help every step of the way.
“We’re someone they can call, confide in, and speak openly with to achieve their dreams of practice ownership.”
David: Oftentimes, the initial touchpoint Provide has with a doctor is at their respective schools — sometimes at a conference. But a lot of what we do focuses on educating these healthcare providers on what lenders like Provide look for when they have entrepreneurial aspirations. We provide that consultation and level of service to each borrower. We’re someone they can call, confide in, and speak openly with to achieve their dreams of practice ownership.
2. What is unique about Provide’s technology, and how does it make it easier for veterinarians to work with you?
Jimmy: Our technology is the driving factor behind our speed and efficiency throughout the loan process, from applying to closing. Everything is done digitally, with great people behind the scenes and in front of you. Our technology — but more importantly our people — allows for a smooth process from start to finish.
David: Provide’s technology puts the convenience into veterinarians’ hands. A lot of our veterinarians work long hours, so oftentimes they don’t feel as though there are enough hours in the day to do what they need to do for the betterment of their careers and their patients. We offer them autonomy to go through the entire loan process from the comfort of their homes, whether it be via a smartphone, tablet, or computer. Our veterinarians no longer need to put their dreams on hold because we’ve created a practice finance solution that is streamlined and truly at their fingertips.
To continue reading the article, visit https://getprovide.medium.com/what-the-process-of-acquiring-a-veterinary-hospital-looks-like-c3a291cef966https://getprovide.medium.com/what-the-process-of-acquiring-a-veterinary-hospital-looks-like-c3a291cef966
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