Some doctors thrive in a personality-based clinic and have a loyal following no matter what services or equipment they offer, but for most chiropractic offices who are trying to grow and expand, new equipment purchases help us stay relevant and continue to service our client base in the best, most up-to-date manner possible. So, regarding equipment purchasing: should you lease, get a bank loan, or pay cash?
Student Loan Defaulters Beware
OLYMPIA, Washington -- A new law in Washington state requires that after June 6, 1996, the license of any regulated health care provider be suspended if they default on a federal or state-guaranteed educational loan or service-conditional scholarship.
Under that law, the first licenses of Washington state health care practitioners have been indefinitely suspended by the state Department of Health for defaulting on student loan payments.
Not surprisingly, the first licensees suspended for failure to pay student loans are four chiropractors.
Practitioners charged with nonpayment or default have 28 days from notification to respond to the state's department of health. If no response is received, the license is suspended without a hearing.
To be reinstated, providers must have a written release from the lending institution that indicates they are making payments under an approved payment schedule. During the suspension, the practitioner must continue following all requirements for licensure.
Suspensions resulting from default on student loans will be included on the monthly summary of disciplinary actions issued by the communications office of Washington state's department of health.