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?
Red Flags Rule Delayed Until August
Due to Congressional pressure supported by the American Chiropractic Association (ACA), the Federal Trade Commission has announced that it will delay enforcement of the new "Red Flags Rule" until Aug. 1, 2009. This will give creditors and financial institutions more time to develop and implement written identity theft prevention programs. The ACA will continue to monitor this important policy and support compliance by doctors of chiropractic.
Details of the red flags rule were published in the Nov. 9, 2007 issue of the Federal Register. To view the complete guidelines and access additional information regarding the red flags rule, click here.
Source: American Chiropractic Association.