Innovative Healthcare

Ever wonder how a doctor’s office gets up and running so quickly? Where do they get staff, equipment and all the ‘little things’ – pens, paper, files – needed to get going? Then, the last and most complicated part – the billing. Who actually knows how to code, file, bill and follow-up with insurance companies, agencies, individuals? Gives the average person a headache just at a cursory glance, but Annie Harvey and Rita Murphy of Innovative Healthcare Management Solutions are far from average.

Since December 2003, Innovative Healthcare Management Solutions have assisted dozens of offices in the medical profession get started and remain efficient through variety. Three years of fast-paced growth brought Annie and Rita to a crossroads in 2006. They desperately needed to expand, hire more staff and find a permanent location that could give them the ability to continue to grow in the future. Knowing their long-term goals, Patrece Grant at Capitol City Bank & Trust directed Annie and Rita to the Small Business Assistance Corporation.

“We looked at the SBAC loan programs several times. We kept thinking, ‘This loan is going to be so much paperwork. We won’t have time to do it,'” says Annie Harvey. “Then, it came to the point where we decided to do it. It was so simple and the SBAC’s staff helped us each step of the way.”

The SBA 7(a) loan guaranty program gave them the capital they needed to acquire a larger building and the City of Savannah Martin Luther King, Jr. Revolving Loan Fund -EDA program for the operating expenses incurred by the business expansion.

Four years later and they have a lot of advice for small business owners. “Don’t lease any equipment – buy it,” Annie says laughingly. “But seriously, we got into several leases that upon reviewing what we paid out of pocket for versus what it was to buy them new – we could’ve had 4 of them!”

“Don’t be afraid of your business. It’s a living being that needs to be fed and will grow in the right environment. If you need a bigger place, new employees, equipment, get the capital you need and make the expansion,” adds Rita.