A longstanding medical practice entered a critical period of transition. Recently passed down to the next generation, the business began shifting from its traditional model to a private practice setup. With high accounts receivable (AR) outstanding and key staff losses straining operations, the new leadership needed immediate funding to keep the business stable during this pivotal transformation.
Vision
The practice's new leadership, helmed by the founder's daughter, aimed to modernize and expand the business under a private practice model. This change would give them greater control, streamline patient care, and boost long-term revenue. With the right support, they sought to ensure continuity and future growth while navigating the challenges of transition.
Opportunity
Transitioning to private practice created a promising opportunity to increase profitability. It would allow for more efficient billing, stronger relationships with patients, and enhanced service offerings. Once the accounts receivable began to clear and the transition was complete, the business expected to scale quickly by bringing in new doctors and serving more patients.
Challenge
Revenue Delays
A large portion of outstanding AR delayed critical cash flow.
Leadership Transition
The business was undergoing a shift in ownership and operational model.
Staff Turnover
Recently lost important team members, increasing the pressure on the remaining staff.
Immediate Capital Need
Needed funds urgently to purchase inventory and maintain operations during the shift to private practice.
How Fora Financial Helped
Fora Financial provided $500,000 in fast working capital, allowing the practice to purchase essential inventory and stabilize operations during the transition. With flexible fund usage for the practice and access to prepayment discounts, the business could manage short-term needs while planning to repay once their AR began clearing. Fora's simple, quick approval process made the transition more manageable without additional stress.
Results
Stabilized Operations
The infusion of working capital kept the practice running smoothly during the leadership transition.
Strategic Growth
The business is now positioned to hire new doctors and grow under the private practice model.
Improved Cash Flow
The funding bridged the AR gap, ensuring operational liquidity while awaiting payment.
Renewed Confidence
The owner expressed strong satisfaction with Fora's responsiveness and flexibility, and is open to partnering again for future growth needs.
Conclusion
Fora Financial delivered when it mattered most—offering not just capital, but clarity, speed, and flexibility. By easing cash flow pressures and supporting the transition to private practice, Fora enabled the medical business to continue delivering quality care while preparing for its next chapter of growth.
Why Fora Financial
The decision to partner with Fora Financial was motivated by:
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Fast Access to Capital
Quick turnaround to fit the practice's urgent timeline.
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Flexible Structure
No restrictions on fund use, with prepayment discounts tailored to their AR inflow.
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Trusted Relationship
Impressed by the smooth experience, the business saw Fora as a go-to funding partner for future needs.