Medical practices are one of many industries feeling the harsh effects of the “great resignation”, including sudden staffing shortages, particularly in the field of nursing.
Though there are many things medical practices can do to not only hire new staff, but to retain them as well, overcoming staffing shortages often requires an investment of working capital. Merchant cash advances (MCAs) are an ideal source of medical practice funding for those looking to boost cash flow in order to hire and retain qualified staff.
In our latest post for Physician’s Practice, we take a closer look at how merchant cash advances can be used to attract new hires and retain existing staff, including:
Offering overtime
Upskilling existing staff
Hiring new staff
Offering higher wages and better benefits
Providing flexibility to new and existing employees
Investing in technology to help you automate and reduce staffing needs
Medical practices are one of many industries feeling the harsh effects of the “great resignation”, including sudden staffing shortages, particularly in the field of nursing.
Though there are many things medical practices can do to not only hire new staff, but to retain them as well, overcoming staffing shortages often requires an investment of working capital. Merchant cash advances (MCAs) are an ideal source of medical practice funding for those looking to boost cash flow in order to hire and retain qualified staff.
In our latest post for Physician’s Practice, we take a closer look at how merchant cash advances can be used to attract new hires and retain existing staff, including:
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