Raising capital: can you qualify?

In summary, it is important to remember that a facility's ability to borrow is a function of historical cost-effective and well-managed operations as well as future projections of performance. Additionally, today's lenders expect such cost-effective operations to be fully explained and supported with facts, statistics, and operating results. It is also the operator's responsibility to provide planning documents which reflect adequate fore-thought in the areas of operating efficiencies, functional facilities development and planning, market planning, and patient care/quality assurance plans. Although there is ample capital available in today's market, lenders also are attempting to minimize their lending risk. As a result, it is incumbent upon the borrower to be well positioned to respond and to establish operational performance ability.