3b. Smart Finance Decisions That Help Your Practice Grow Faster
Tracks
Stream 2
| Saturday, May 23, 2026 |
| 13:15 - 14:00 |
Overview
Sponsor presentation - MedX Finance
Details
GP practice owners are often highly capable clinicians but rarely trained in business finance. Yet the financial decisions made around equipment, fit-outs, property, and practice acquisitions can determine whether a practice thrives or stagnates. This session demystifies medical finance and equips practice owners with a practical framework for making smarter funding decisions.
Luke will cover the core financing tools available to GP practices, from equipment finance and fit-out loans to practice purchase lending and explain how lenders assess medical businesses differently from other SMEs. Attendees will learn how to evaluate funding options against their specific growth stage, how to avoid common mistakes (including over-relying on a single bank), and how to prepare their practice for stronger borrowing outcomes.
The session will use real-world scenarios drawn from Australian GP practices, walking through case studies that illustrate both the cost of poor financing decisions and the compounding benefit of well-structured ones. Attendees will leave with an actionable checklist they can apply immediately and a clear ability to look beyond the rates to win.
Luke will cover the core financing tools available to GP practices, from equipment finance and fit-out loans to practice purchase lending and explain how lenders assess medical businesses differently from other SMEs. Attendees will learn how to evaluate funding options against their specific growth stage, how to avoid common mistakes (including over-relying on a single bank), and how to prepare their practice for stronger borrowing outcomes.
The session will use real-world scenarios drawn from Australian GP practices, walking through case studies that illustrate both the cost of poor financing decisions and the compounding benefit of well-structured ones. Attendees will leave with an actionable checklist they can apply immediately and a clear ability to look beyond the rates to win.
Speaker
Mr Luke Truscott
MedX Finance
Smart Finance Decisions That Help Your Practice Grow Faster
13:15 - 14:00Biography
Medical Finance Specialist and Senior Partner at MedX Finance with over 26+ years' experience in medical finance. With a Bachelor of Economics and certifications in finance and mortgage broking, Luke specialises in providing customised financial solutions for medical, dental, and veterinary practitioners.
He's passionate about helping clients achieve their business goals, offering expertise in practice setups, borrowing arrangements, and more. Luke strives to provide a seamless finance experience, delivering solutions across personal and commercial finance that maximise client outcomes, making the process stress-free and rewarding.
Outside of work, Luke enjoys family time, gym sessions, and outdoor activities like sports and fishing
