Aged Care Finance - Zenith Finance Cpmpany, Australia

At Zenith Finance, we are progressive, inventive and strive to be good corporate citizens in the area of finance. Through our Seniors Housing and Aged Care Finance division, we blend the best of each.
Call Sam Leon on on 1300 288 874 to discuss financing for aged-care housing.

Australia’s Age of Ageing – 60 is the new 40

It’s no news that Australia’s population is ageing fast. More and more people:

• live longer
• work well into their 70s and 80s
• have children in their second, third and fourth marriages.

Retirement ‘tribes’

Retirement has shifted from a “door closing” to a “door opening” stage of life. Even from the age of 50, people are starting to think about a new quality and quantity of lifestyle when they finally do retire – enjoyed around people they connect with.
This has led to planning and development of ‘lifestyle living’ communities based around entire ‘tribes’ of people. It goes way beyond simple sea-change and tree-change moves.

A huge growth in ‘lifestyle living’ communities

We are now seeing:

• affordable gated communities
• 24-hour concierge service and security.
• pools, tennis courts, coffee shops and outdoor barbecue areas
• silver service dining rooms
• putting and bowling greens
• beauty salons
• fully equipped gymnasiums
• organised activities
• high-speed cable Internet
• adjacent golf course
• function centre
• and much more.

We have seen developments themed like an Italian village – cobblestones in the “ marketplace”, pizzeria, alfresco dining, bubbling brooks and little waterfalls.

Mega campuses heading to Australia

Then there are the mega campuses – yet to appear in Australia, where entire villages of self-care and low-care homes and home units, sit alongside medium-care and into high-care facilities and ultimately a Hospice.
These huge developments will find their way into the Australian way of life within a decade. And they require large and sophisticated financing.

The changing face of aged care

Yesterday’s grim nursing home has given way to today’s modern, airy, high-quality and government compliance-standard legislated, low, medium and high care mature-age living facilities. These projects cater to a growing clientele that are spread across the socio-economic spectrum.

Thousands of new seniors bed licenses

In February 2010, 2,224 new bed licences have just been released in NSW alone. This means between 20 and 30 new seniors housing developments will commence in the next 12 months, mainly in the greater Sydney area.
Across Australia the number is 12,218 new bed licences.
The maximum funding provided by the Australian government towards community assistance with these developments is $150 million. That’ more than most international governments provide, but still way too little for a need that is way too great.

Specialists in Seniors Housing and Aged Care Finance

Our Seniors Housing and Aged Care Finance division provides a unique, specialised and very necessary service.
Headed by Sam Leon, senior consultant in retirement and aged housing finance, our team specialise in the retirement and aged-care housing sectors.

Highly experienced

Sam has studied ageing, aged care housing and both retirement and aged care financing for 10 years. He has been a long serving director of the Whiddon Group (Frank Whiddon Masonic Homes), a consultant to several retirement village developers and a consultant to a specific, market- focused, high care aged property-developer.

Established with funders

Sam knows and is known by all of the major funders in this specialised field. He is familiar with their requirements, documentation, LVRs, valuation requirements and funding preferences. He speaks their language – and equally important, he speaks your language.

Industry representatives

Sam was the opening speaker on day 2 of the Aged Care Association of Australia’s NSW conference in the first quarter of 2010.

Like to discuss your development in confidence?

Sam is available any time should you wish to discuss your proposed or approved development in complete confidence.


Richard Korda
( Managing Director )

Email sam@zenithfinance.com.au
Web http://www.zenithfinance.com.au/
Facebook https://www.facebook.com/zenith.finance01/
Twitter https://twitter.com/zenithfinance01
LinkedIn https://www.linkedin.com/company/zenith-finance

© Copyright 2016 Zenith Finance

Truck & Heavy Vehicle Finance - Zenith Finance Cpmpany, Australia

Searching for the right heavy vehicle loan to:

• buy a truck, trailer, bus or other heavy vehicle?
• upgrade to a brand new rig?
• add a number of vehicles to your fleet?

Whether you run a solo business, a medium sized company or a large operation, Zenith Finance can help you with a tailored truck or other heavy vehicle finance package.

Expertise that saves you money

Wherever you are across Australia, call our expert team in Sydney on 1300 288 874 to discuss your heavy vehicle loan needs – or ask for our free Truck Finance Guide.

Trucks and heavy vehicles we can finance for you

We can help you buy or lease:

• prime movers
• rigid trucks
• dump trucks
• flat bed trucks
• mining trucks
• vans
• trailers
• buses
• almost any heavy vehicle on the market.

Contact us today on 1300 288 874 to discuss your heavy vehicle finance needs.

Lower rates and greater benefits

We understand that every business – and every vehicle purchase – is unique. So one of our heavy vehicle finance specialists will meet with you at your workplace to find out what you really need.
From here, they’ll grill the banks and financial institutions to get you the best possible rate in the market. And then explain in straightforward, no jargon language how our different financial plans can give you:

• better tax and GST advantages
• easy to manage cash flow benefits
• flexible payment options

You choose the plan that works for you – and leave all the leg and paper work to us.

Like to discuss your truck and heavy vehicle financing?

Contact us in Sydney on 1300 288 874 or get in touch online today
Learn more about the different vehicle finance packages you can choose from:

• Commercial hire purchase
• Chattel Mortgage
• Finance lease
• Operating lease and rental

Contact Richard on 1300 288 874 if you need some expert help with commercial property finance or equipment finance loans and also you may apply online for any further inquiry Zenith Finance | Finance Company Australia

What is an operating lease and rental? - Medical Equipment Operating Lease

What is an operating lease and rental?
It’s a finance option that works well for medical equipment that depreciates quickly, has a short life span or is constantly in need of upgrading. It’s similar to a finance lease but, gives you more flexibility.
You might have also heard it called a rental agreement, rental, fully maintained operating lease or non maintained operating lease.

How do they work?

We purchase the medical equipment and rent it to you for an agreed payment over a fixed term.
You get to use the equipment without the hassle of disposing of it at the end of its life. It’s like renting your equipment over a fixed period.

What sort of medical equipment do operating leases best suit?

• Computers
• Telecommunications
• Office equipment

 

What are the benefits of operating leases and rentals?

• Upgrade, add and replace – make changes to your equipment throughout the contract
• You keep your capital – no deposit required and we pay 100% for the equipment so you don’t need to tie up your funds
• Less risk – because you don’t fork out a huge payment to buy the equipment
• Short or long term contracts – from 2 to 5 years
• Easy budgeting – fixed rental and interest so you always know what you’re up for
• Tax advantages – 100% deductable when used solely for business
• We pay GST – so you’re monthly payments are lower

 

Like to find out more about an operating lease for your business equipment?

Contact us in Sydney on 1300 288 874 or apply online today
Or learn more about the different medical and dental finance packages you can choose from:

• Medical equipment commercial hire purchase
• Medical equipment chattel mortgage
• Medical equipment finance lease

Get more details & apply online here for need any help Zenith Finance | Finance Company Australia 

Is your business at the risk of "destruction"?

Is your industry experiencing long term downtrend which could suddenly turn into a destructive whirlwind? Look at print media as a cautionary tale 

What do the following names have in common? –Larry Page, Segei Brin, Mark Zuckerberg; Reid Hoffman? They are successful digital media entrepreneurs – the first two as founders of Google, the second a co founder of Facebook and the third, the founder of LinkedIn. They are kingpins in their respective digital and social medic space and they are the new ‘establishment’ of corporate America. There’s a not so subtle lesson for all business owners here: they were all still at school 15 years ago.

The point being that some industries are being destroyed ‘as we speak’.  In the world of media and publishing old business models are not being eroded they’re being destroyed. The Sydney Morning Herald and the venerable The Age have seen their newsprint papers suffer 18 percent declines (in sales) in just 12 months (to end December). That probably means about a 25% decline in top line revenues. Few business models could sustain that kind of decline. The rules are being re-written in real time.

Old business models

There are manifold effects of the destruction of old business models – apart from the obvious ‘losses”. In media, the convergence of technologies and media has led to an explosion of start-ups because first of all it is much easier to start a business today online than ever before and second because convergence itself is creating opportunities which even a year or two or go were not even on the radar. And speed of convergence shows no sign of letting up any time soon. Indeed recent data suggest that Australian broadband users will see bandwidth and speeds multiply 10-fold or more over the next few years, once again booting up convergence of technology and media.

This would resonate for experts like Clayton Christensen who have written scholarly works on why innovation often catches old-technology industries off-guard.

Christensen literally wrote the book on disruption, so it’s worth paying attention to him when he talks about where the disruption fuelled by the web is going to strike next. The Harvard business professor and author of The Innovator’s Dilemma notes that some industries that are “either in a state of disruptive crisis or will be soon,” and the professor has said also that “Journalism, certainly, and publishing broadly. Anything supported by advertising. That all of this is being disrupted is now beyond question.” What are the clues that precede “destruction”:

• Creative destruction occurs when something new kills something older
• Some industries will take longer but most will be affected by the web

Print media is one category but personal computers are another great example. The industry, led by Microsoft and Intel, destroyed many mainframe computer companies, but in doing so, entrepreneurs created one of the most important inventions of this century.   

Christensen goes on to describe what has happened to the newspaper and traditional media business; where he has said that many newspapers were lulled into a false sense of security and then “very quickly, all of a sudden, you go off the cliff.”

Business decision makers should pinch themselves every day to ensure they remain awake to technological shifts and their potential impacts on their industry.

See More: http://www.zenithfinance.com.au/zenith-finance-blog/is_your_business_at_the_risk_of_destruction

Story - A basic understanding of finance

Medical practitioners, health professional and allied health workers do not need to go to business school to run a successful practice but they do need some basic understating of finance. They do not teach business in medical school. When doctors go into private practice, they learn about profits and losses on the job, in a complex industry that is subject to large-scale forces beyond the control of most individuals.

The biggest potential cost savings are on personnel.  “Personnel are clearly the biggest place you can save,” said one doctor. This particular doctor had half a dozen medical practitioners on staff and cut his support staff in half, to six support staff, by cross-training employees and working more efficiently. The practice invests in continuous training.

It seems the days of having multiple medical assistants help you with every task are over.

In some practices today, the doctors do the mundane stuff of reminders for appointments  after they are done with their technical duties. This can involve the phoning of patients with reminders or to set up appointments. This also pays off when a staff member calls in sick or takes vacation.  The business thus avoids the need to hire a temp to be a medical assistant or secretary. With training, a practice can just take one of the support staff and slide them into a different position. Everyone in the office has a list of things to do if they’re not busy doing their primary job.

One method that business owners apply when cash flow is tight is to stretch the fixed costs across more doctors or expanded office hours. Practices with multiple doctors enjoy efficiencies that solo practitioners cannot obtain, as well as greater power in negotiating discounts with insurance companies, paper suppliers, vaccine suppliers and even credit card processors.  More practice hours spreads the costs and increases the net contribution per doctor

While the jury is still out on e-records, effective information technology systems can also save doctors valuable hours in prescribing, note-taking and communicating with staff or patients. With work-flow improvement, it gives more time for an extra patient or two in the day.

Financing of equipment remains a key area for savings. A poorly structured purchase can be more costly than it should. One doctor – Peter - purchased a new surgery in Chatswood for $495,000. It was a strata property. He then needed to do a new fitout. In order to finance this he secured a purpose-structured deal. The finance firm, Zenith financed the fitout at a cost of $125,000; financed through a commercial loan facility. The fit out which included walls, examination tables, sterilization units. This was done on a chattel mortgage agreement.

As people costs will remain high, the ability to finance equipment and fit out with innovative and economic solutions remains critical. Training however offers costs savings as it does in any small business. Training new staff on the practice’s procedures, including emphasis on first appointments to establish trust and lay the groundwork for a long-term relationship with patients is vital. One doctor noted “The more hand-holding you do, the more retention you get.”  Staff turnover for a medical practice should be a controllable expense just as capital expenditure is.

- See more at : Zenith Finance