HealthCare today is definitely changing and depending on who you discuss it with, it is possible to get a variety of heated answers. I am not going to get political on you or share my personal perspectives on how I see HealthCare changes, today I'd like to zero in on the fiscal side of latest changes and specifically ones that are coming in the subsequent 12-24 months. The doctors who make our HealthCare system function need the help of merchant service providers. In any business their is over head, for some the price of engaging in business is low and for some it’s sort of high it’s actually depends upon what industry a business operates in but for medics,who give most of themselves in the service of others, the price of engaging in business in astonishingly high!

Of all the costs payroll must be at the very top of the list, just the other day I went to see my eye doctor because my left eye was disturbing me, it was getting highly red, I was using eye drops but I knew something was wrong and as I was getting inspected we started chatting and Eye Doctor was telling me how he was looking at getting his building refinanced because he needed to get the payments on his building lowered and needed to pull some cash out to give himself some breathing room. (the quantity of office visits they typically booked has been rather low for about 6-8 months) As we continued to chat, I hadn't got any idea his practice sustained about 30-40 thousand bucks in expenses every month! The quantity of staff he requires so as to service the number of patients, was significant, let’s not forget that because he is a California based business the price of engaging in business is one of the highest in the US.

He went on to clarify that in the past 10-12 months patients haven't been coming in for various reasons, some of which were no insurance coverage because of a lost job, not enough funds to cover the visit, or being employed but having had to cancel their health care insurance, I was most surprised at some of the explanations being that their employers deciding to no longer provide vision coverage. To make a long story short my jaw nearly hit the floor when he told me how much cash he had to spend on payroll taxes and other costs associated with employees. This made me realize that as a merchant service provider not enough is being done to give back to the doctors of our HealthCare system.

What most firms have no idea and what many corporations that provide credit card processing don’t talk of is the monetary programs we have at our disposal to help business owners like my eye doctor. Merchant service providers have programs like AdvanceMe that may provide my eye doctor a loan with no collateral (let me say that again… No collateral) this loan does not even show up on their credit report, it’s all done with minimal trouble because what AdvanceMe does is take a portion of a merchants Mastercard transactions to repay to loan over a period of time.This permits doctors like my eye doctor to have a tendency to their financing commitments, maybe hire some temporary staff or perhaps initiate some promoting with irrefutable specials to bring in patients at costs they can afford. If I had know my eye doctor required a cash injection into his business, this is something I very definitely would of offered him as it would have been much faster than going through the standard channels of taking a loan.

AdvanceMe is only 1 example, my main point is that merchant service providers have a filing cabinet of tools that can help medical experts in more ways than one. It seems to me that majority, and I say majority because I am sure some genuinely great companies still exist, of credit card processing companies have forgetting their true purpose… To serve the merchants without reference to industry.

Global Merchant Innovations is a full service payment acceptance and local marketing provider, our unique profit partners program helps business gain more local exposure along with ensuring they can accept all forms of payments quickly, securely and with convenience to help them run a more efficient business. All though we are a merchant services provider, we go well beyond just providing credit card processing. Our medical merchant accounts can really help give back to the HealthCare industry by ensuring our Doctors have the tools they need to do the life changing work they provide.