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4 Possible Reasons To Take A Payday Loan | Dorm Room Biz

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The Great Recession has left many would be borrowers out in the cold. Bankers are using the continuing difficulties of the world economy to justify holding back loans from the working class and poor people who need them the most.

However, the payday loans industry has begun to take over this niche of borrowers with great success. The added flexibility that borrowers gain with payday loans companies often allows them the leverage to get back on their financial feet more quickly than doing business with a traditional bank would allow.

Below are a few reasons that you might want to consider Nevada payday loans for yourself.

One – If you are an adult who is looking for continuing education funds

One of the best uses of payday loans is to invest in a continuing education. Often, banks will not help you foot the bill of a continuing education program, but payday loans companies are very familiar with this practice. If you can improve your income for the long term future with a short term loan, most likely it is a great investment to take.

Two – If you have a house improvement to make

Another great use for payday loan funds is to invest in real estate. Because improvements on real estate tend to retain and even improve their value, you have a great chance of coming out ahead on this transaction in the long term as well.

Three – If you have a medical emergency

Medical emergencies can not wait, and neither can the payment for doctors. If your medical situation is such that you need immediate treatment that can only be provided once payment has been secured, it is often best to get a payday loan for a faster turnaround time.

Traditional banks are notoriously slow when it comes to quick money for medical procedures. They are extremely slow when compared to payday loans lenders.

Four – If you have a bill that needs to be paid immediately

Often, the late fees and penalties that you will pay on a bill such as a utility that is late is not worth waiting for a paycheck. Simply pay the bill off upfront with a payday loan, and pay the loaning company back a few days later when you get your check.

About Chris

Chris is the founder of Dorm Room Biz which started in 2005. At the time, there were no resources for starting a business while in college, so he created one! Now with more than 800 articles, Dorm Room Biz continues to grow and expand it’s content offerings. Chris is now 28, lives in Colorado with his wife and runs 2 online businesses while also working full time. A busy guy for sure!

View all posts by Chris […]

13 Reasons Why Cash Is Terrible


View gallery. Wonderlane/flickr

Apparently the latest fad is to do all your spending in cash.

One of our contributors recently chronicled how debt-riddled 20 and 30 somethings turned around their lives by moving to a cash-only existence.

Plus, as the New York Times’ Hilary Stout reports, many are also now contemplating switching to an all-cash diet after high-profile cyber thefts at major retailers like Target

But there are at many reasons why cash is bad and we should be eager for everyone to stop using it.

Here they are:

#1 Cash is expensive

Cash costs the economy $200 billion, according to Tufts professors Bhaskar Chakravorti and Benjamin Mazzotta. For an individual this mostly comes in the form of fees and opportunity costs. For businesses it mostly comes in the form of theft. And for government this mostly comes in the form of lost tax revenue.Here’s their breakdown:


We’ll dig more into these figures more closely as we go down.

#2 Cash is inconvenient

On average, the Tufts researchers found, Americans waste 28 minutes a month traveling to an ATM, or 5.6 hours a year. Much of that time would likely have been spent on leisure. But at the mean wage, that means $31 billion lost annually. “…It is indicative of just how much time in the aggregate is spent managing currency,” the Tufts professors write.

#3 Cash is dirty

Researchers from Wright Patterson Medical Center recently asked 68 shoppers at a grocery store to swap out dollar bills they were holding with clean ones. They got the following results:

87% were contaminated with bacteria that could cause an infection in anyone with a compromised immune system, such as people with HIV or cancer. 7% had bacteria that could cause an infection in perfectly healthy people. Only 6% were completely clean #4 Using an ATM is like going to a public bathroom

In 2011, British researchers compared the two and found, “the ATM machines were shown to be heavily contaminated with bacteria; to the same level as nearby public lavatories.”

#5 Cash is dangerous

Yes, there’s the hacking thing. But Tufts’ Chakravorti told us that the odds of your specific account getting hacked remain negligible. On the other hand, he says, the more cash you carry, the greater the risk of losing or misplacing it.

#6 Cash facilitates crime

A 2012 University of Chicago study confirmed robberies were more concentrated around places that did most of their business in cash.

#7 There are physical limits on going cash only

Chakravorti points out there are limits on how much you can withdraw from an ATM. Plus the more money you’re carrying, the more cumbersome it is to hold it. “You don’t want to be carrying a bag of money into Best Buy to buy a flat-screen TV ,” Susan Grant, the director of consumer protection at the Consumer Federation of America, told the Times’ Stout. “People shouldn’t have to resort to that for peace of mind.”

#8 You can’t order stuff online with cash

If you love inconvenience, cash is your guy. Plus it is much easier to keep track of purchases by paying with credit cards, as you don’t have to manage a bunch of paper receipts.

#9 Businesses lose tons of money to cash theft each year

U.S. stores lose $40 billion dollars to cash theft.

#10 Cash is expensive to protect

The cost of mitigating that above number runs to 0.46% of a business’ average gross sales.

#11 Cash enables tax evasion

Conservatively, the Tufts professors say, studies have shown the government loses $100 billion annually in foregone tax revenue from cash transactions.

#12 You can’t build up a credit score with cash

Credit cards can get you into debt. But they’re also basically the only way you’ll ever be able to get a loan in the first place. This is perhaps the most immediate benefit.

#13 Cash is discriminatory

The Tufts researchers found that those without access to financial instruments pay on average about $3.66 per month in fees than those that do have access, and are nearly 4 times as likely to face fees. African Americans are more than twice as likely, as measured by the logit coefficient (2.2) to pay for access to cash. “The costs of cash are disproportionately borne by poorer people who have less access to banking,” Chakravorti told us.

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National Payday Loans Can Get You Out of Tight Spots Quickly


National payday loans

, just as the name implies, are short-term loans which are available all across the United States. These loans are designed to be lent out quickly to help people just like you solve emergency situations that only money can fix.

Short term loans

can get you back on the road quickly when your car breaks down during rush hour, and they come in very handy if you need to make a trip to the ER when you do not have any healthcare coverage. Many people use national payday loans to pay for prescription medications they need which are not covered by their health insurance.

National payday loans can be applied for in person at a

payday loan store

or they can be applied for over the internet which is becoming a very popular option. Take a quick look around online and you will see that there are hundreds (if not more) of lenders working online that specialize in nothing but national payday loans. As you probably know, the economy in the United States is in a rough state right now. Many people are being forced to take on second jobs just to keep up with the bills and to fill their cupboards with food. When an unexpected emergency pops up out of nowhere, many of these struggling consumers are faced with a situation wherein they have no money to solve the crisis confronting them.

National payday loans are the financial answer for many people who are having trouble coming up with much-needed money at the last minute. These loans are routinely being used to pay off late utility bills and to take care of medical issues as well as car troubles. When money is tight and there is nowhere to turn for help, national payday loans are there to help thousands of people throughout the US each and every day.

One of the most attractive aspects of national payday loans is the fact that the money is most often directly deposited straight into your bank account within hours, or sometimes within just a few minutes of applying. This means that the typical, annoying money-related emergency that rears its ugly head at the worst time possible will be quelled quickly.

Many employers today do not offer cash advances to their employees which really is quite a shame. But at least these employees know that when things get really tight that there are always national payday loans to turn to. Many people do not want to ask friends or family members for money. It is embarrassing to do so and one of the last things anyone wants to be forced to do.

National payday loans are quick, convenient and easy to get. Most banks flat out refuse to lend small amounts of money, so that is never an option when you just need a few hundred dollars. These short-term loans save a countless number of people a whole lot of stress and anxiety that is associated with being acutely short on money.


When Is A Payday Loan A Good Idea? | Payday Loan Business

Image payday-loans-57.jpg

When Is A Payday Loan A Good Idea?

Payday loans are sometimes thought of as a somewhat risky form of alternative funding. While these loans can come with high interest rates, they can provide a bit of help when you need it the most. That being said, you should never get into the habit of borrowing money on a regular basis.

These loans should be used with caution and only when absolutely necessary. Below are some situations where pay day loans can be quite helpful, when used properly.

When Moving: If you find yourself faced with the task of packing everything you own and moving, you probably already feel a bit overwhelmed. Many people just do not have the extra cash on hand to pay for moving trucks, new apartment security deposits, packing materials, and various other supplies. Since you have to finish the process, any expense to complete your move, including interest on a pay day loan, may be well worth it to get you on your way.

For Medical Expenses: It happens; one day you are fine and the next you find yourself in the hospital or in the dentist chair faced with mounting bills for care. Of course you never want to gamble with your health, so a pay day loan may help to cover these unexpected expenses on short notice. Once you have made your initial payment, do not hesitate to talk to your doctor, dentist, or the hospital to work out a regular monthly payment plan.

For Car Repairs: This does not mean for a down payment, a monthly car loan payment, or for insurance. These expenses should already be figured into your monthly budget. However, if your car breaks down, and you do not have the money necessary to fix it right now, you may want to consider a pay-day loan.

After all, if you do not have a car, you may not be able to get to work, which will drastically affect your ability to pay your regular bills. A payday loan can relive the financial stress for the short term in order to get your exhaust system repaired, your steering fixed, or your engine replaced.

When taking out a payday loan, only take out as much as you absolutely need. You never want to apply for more than your actual expense as this will only add to your already strained financial situation. Always deal with a reputable payday loan lender that offers clear terms, in writing.

Once you have received your next paycheck always return to the lender to pay off your loan immediately. In some cases, paying early may save you a bit of interest. Once you have repaid your loan, you should refrain from taking out another. Some people get into the habit of borrowing money, paying it off, and quickly borrowing again.

This can create a habit that is hard to break, will keep you in debt, and may end up costing you a great deal in the long run. Because of this issue, many payday lenders now refuse to issue repeat loans.

Finally, never ever use a payday loan to pay off another loan, a credit card, or to pay other types of bank fees. Payday loans are a source of emergency funding. If you abuse the system you will find yourself in a constant state of emergency that never ends.


Payday Loan Help: At The Right Place And The Right Time ~ global …

Payday loan lenders can come in really handy at times. Payday loans are given in a number of situations which makes them one of the most ideal ways to get cash in a hurry. You may find yourself in a situation needing some extra money and feeling you don’t have many options. Payday loan lenders are there to help consumers who don’t have the credit to take out a bank loan and who need a simple and fast way to get a short-term loan.

Most payday loan lenders make it really easy and convenient to apply and get approved.What you need to consider before taking out a payday loan online or in-store is the interest rates offered by the lender. You will also need to consider he amount the company gives, the reliability of the company, the application process and the payback process. All this will allow you to pick the best direct payday loan lender to handle your loan.

Saving for emergencies can be really tricky at times. You may need to handle a deductible that is not covered by your car insurance policy. Payday loans can help you manage your medical emergencies. Perhaps you are simply trying to make it from one paycheck to another and don’t have any other means to pay your rent or utilities. These loans are a good way of getting things in control in case of an emergency. This does not negate the fact that you should at some point and time try to start a savings account for future financial needs.

Major car repairs can be headache that one is not prepared for. The point of a payday loan is to make life easier when it comes to obligations that need to be handled in good time. A damaged or broken car may be the only things between you and your job. Getting these repaired done especially when your savings are not enough can be a nightmare. A payday loan will help you get back on track and have your care repaired in good time. The speed of the lending process actually makes them the best option when it comes to getting financial loans. Most loans that are handled by the traditional lenders will need to go through a long process after which an approval could be refused unlike the payday loan lenders.

Medical bills can get tricky at times thanks to the insurance companies. You could also get a huge bill that may be hard to handle with your savings. A low cost payday loan will help you manage medical bills among many other bills with ease setting you right back on track concerning the health of your family and loved ones. You will also have the choice of the kind of lender you want to work with. The only difference is that the online lenders will handle the transactions only while the direct lender payday loan will give the loan from a physical location.

MyCashTime Cash Advance offers fast loans when you need quick cash. Visit for more information on how to obtain a short-term online payday loan.

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Cash Out Refinance Mortgage Loan Service On Receives Glowing Reviews From Clients


Cash Out Refinance Mortgage Loan Service On Receives Glowing Reviews From Clients

Recently posted client reviews show how Blue Loan Services’ cash out refinance loan option helps homeowners from all over California realize the benefits of refinancing their mortgages.

Blue Loan Services

San Diego, CA (PRWEB) August 13, 2013

Blue Loan Services, a California based full service mortgage company headed by father and son team Robert and Brandon Blue, has been serving their clients with the lowest possible home finance and refinance rates for many years and offers a wide range of loan products that can help borrowers find loans that will perfectly suit their unique financial situations and lifestyles. The team of mortgage professionals at the company has a reputation for providing fast, on time service and attending to their clients with the greatest level of personal care and professionalism. One of the services that the company has become known for is the cash out refinance mortgage loan option provided. The quick closing times achieved by the Blue Loan Services team as well as their ability to work with clients and loan servicers to navigate tricky loan applications have helped homeowners all over California to realize the benefits of refinancing their mortgages. New client reviews from those who have recently closed refinance loans with the company attest to this customer satisfaction.

As the Blue Loan Services website states: “A home refinance loan can not only improve your current rate and terms, but can give you a chance to change the type of loan you are in, increasing your loan payoff time. Refinancing your home loan enables you to replace your existing home loan with a new home loan with better terms while giving you the opportunity to get cash back from the equity you have built in your home. Using the equity in your home is a powerful tool that can help you improve your overall financial well being and pay off high interest loans, debts, and credit cards.” They also post some of the benefits of refinancing being:

“Lower your rate Decrease payoff time Get cash out Consolidate debt Pay off credit cards College tuition Home improvement Medical expenses”

Blue Loan Services has helped many California homeowners to realize these benefits. One of the new Blue Loan Services reviews from a client living in Redwood City, CA, states:

“Everyone I dealt with at Brandon Blue was extremely professional, responsive and courteous. I was refinancing my primary loan, but had a 2nd, so a subordination was needed from that 2nd mortgage company. There was some doubt early on whether that subordination would happen in time, but Shari at Brandon Blue was calling my 2nd mortgage company on a nearly daily basis to push them to get it done! She was key to my refinance completing on time. The process Brandon Blue has in place for communicating with their customers is very robust. I’ve probably refinanced 10 times in my life, and I’ve never had anywhere near this level of communication and willingness to help from any other company. I would highly recommend Brandon Blue for anyone with mortgage needs!”

Another client from Carmel Valley says: “From the very start of my loan process Brandon Blue was very professional and personable. He answered my phone calls and e-mails either immediately or as soon as my information was available. The entire process was seamless and efficient including the appraisal and all other individuals involved. I was able to re-fi my home mortgage and reduce my rate from 5.375% to 3.75% – A $703 a month interest savings and $200K savings over 10 years! The entire process from date of “lock” to loan funding took less than 30 days. If you want your loan to be completed professionally and in a timely manner I highly recommend Brandon Blue of Blue Home Loans and his Team!”

These are just a few of the many reviews highlighting the great refinancing services offered by Brandon Blue’s team at Blue Loan Services. For more information on this and the other services offered by the company please visit or call call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.

CA Dept of Real Estate — Licensed Broker #01094374 NMLS #938365


T-Town Poker Club » Blog Archive » Payday loans no debit card …

Monetary emergency ahead of payday is a truly nightmare for all and sundry. No matter what your revenue is, which post you hold-monetary necessity can engulf you anytime. If you face this situation in the middle or at the finish of the month, opting for a payday loans is undoubtedly a greater choice for you. These days, with the availability of payday loans no debit card, the borrowers possessing no debit card can also avail this quick-term monetary aid.

Payday loans no debit card are primarily quick-term loans. With this selection, a single can borrow the amount ranging from 100- 1000. But bear in mind, your employment, earnings and monetary condition will be taken into consideration ahead of deciding the quantity. Because, the loan is accessible for short period of time hence, the repayment period varies from 14-30 days. In this context, it is needed to mention that the borrowed amount mostly determine the repayment period.

Nonetheless, just before applying for payday loans no debit card, borrowers need to have to meet some criteria. Needless to say, a typical employment is an inevitable portion of the criteria. In addition to, some other pre-requisites are as follows:

Minimum income should be at least 1500

Borrowers should have a existing account

Age need to not be much less than 18 years.

It is true that payday loans are a fantastic support that covers the economic gap in between two spend cheques. But its adverse portion cant be avoidable. Because, these loans are accessible for a quick period of time therefore, the interest rate is comparatively high. As a result, people are advised to make some study prior to opting for a loan.

Besides banks and financial organizations, presently several online organizations offer you payday loans no debit card. These websites are obtainable on the web and open for round the clock. Therefore, it is simpler for borrowers to go to the internet sites and verify their terms and circumstances. Eventually, it enables them to find a loan with a far better interest rate and favorable repayment alternative. official site

So, what else! Be it your medical bills or vehicle repairing expense, nothing at all will be a big burden for you just before your payday. Avail loans and get rid of all your economic worries.

UncategorizedMay 30th 2013 […]

Select Medical Holdings Corporation Announces Results for First Quarter Ended March 31, 2013 and Quarterly Cash Dividend

MECHANICSBURG, Pa., May 2, 2013 /PRNewswire/ — Select Medical Holdings Corporation (“Select Medical”) (SEM) today announced results for its first quarter ended March 31, 2013 and quarterly cash dividend.

For the first quarter ended March 31, 2013, net operating revenues increased to $750.0 million compared to $744.0 million for the same quarter, prior year. Income from operations decreased to $82.5 million compared to $91.6 million for the same quarter, prior year. Net income attributable to Select Medical decreased to $34.4 million compared to $41.5 million for the same quarter, prior year. Net income attributable to Select Medical for the first quarter ended March 31, 2013 includes a loss on early retirement of debt, net of tax, of $0.9 million associated with the redemption of all of Select Medical Corporation’s (“Select”) outstanding 7 5/8% senior subordinated notes due 2015 and all of Select Medical’s outstanding senior floating rate notes due 2015. Net income before interest, income taxes, depreciation and amortization, gain (loss) on early retirement of debt, stock compensation expense, equity in earnings (losses) of unconsolidated subsidiaries and other income (expense) (“Adjusted EBITDA”) for the first quarter decreased to $100.1 million compared to $109.1 million for the same quarter, prior year. The principal reasons for the decline in Adjusted EBITDA were inflationary labor cost increases in our specialty hospitals without a corresponding increase in net operating revenues and an increase in our general and administrative costs. Our general and administrative costs in the first quarter of 2012 were favorably impacted by a gain on the sale of a building. A reconciliation of net income to Adjusted EBITDA is presented in table V of this release. Income per common share for the first quarter ended March 31, 2013 was $0.24 on a fully diluted basis compared to income per common share of $0.29 for the same quarter, prior year. Excluding the loss related to the early retirement of debt for the first quarter ended March 31, 2013 and its related tax effects, adjusted income per common share was $0.25 per diluted share for the first quarter ended March 31, 2013. A reconciliation of income per common share to adjusted income per common share is presented in table VI of this release.

Specialty Hospitals

For the first quarter of 2013, net operating revenues for the specialty hospital segment increased to $557.8 million compared to $553.0 million for the same quarter, prior year. Adjusted EBITDA for the specialty hospital segment decreased to $93.3 million compared to $100.0 million for the same quarter, prior year. The Adjusted EBITDA margin for the segment was 16.7% for the first quarter of 2013, compared to 18.1% for the same quarter, prior year. Certain specialty hospital key statistics for the three months ended March 31, 2013 and 2012 are presented in table IV of this release.

Outpatient Rehabilitation

For the first quarter of 2013, net operating revenues for the outpatient rehabilitation segment increased to $192.1 million compared to $190.9 million for the same quarter, prior year. Adjusted EBITDA for the segment for the first quarter increased to $22.8 million compared to $22.5 million for the same quarter, prior year. The Adjusted EBITDA margin for the segment was 11.9% for the first quarter of 2013, compared to 11.8% for the same quarter, prior year. Certain outpatient rehabilitation key statistics for the three months ended March 31, 2013 and 2012 are presented in table IV of this release.

Stock Repurchase Program

On February 20, 2013, the board of directors of Select Medical authorized an increase of $100.0 million in the capacity of its common stock repurchase program from $250.0 million to $350.0 million and extended the program for an additional year. The program will now remain in effect until March 31, 2014, unless further extended by the board of directors. Stock repurchases under this program may be made in the open market or through privately negotiated transactions, and at times and in such amounts as Select Medical deems appropriate. The timing of purchases of stock will be based upon market conditions and other factors. Select Medical is funding this program with cash on hand or borrowings under its revolving credit facility. During the quarter ended March 31, 2013, Select Medical repurchased 1,115,691 shares at a cost of approximately $10.0 million, an average cost per share of $8.95, which includes transaction costs. Since the inception of the program through March 31, 2013, Select Medical has repurchased 23,606,080 shares at a cost of approximately $173.6 million, an average cost per share of $7.36, which includes transaction costs.


On February 20, 2013, Select entered into an additional credit extension amendment to its senior secured credit facilities that provided for an additional $300.0 million term loan tranche, (the “series B term loan”) to Select. Select used the borrowings under the series B term loan to redeem all of its outstanding 7 5/8% senior subordinated notes due 2015 on March 22, 2013, to finance Select Medical’s redemption of all of Select Medical’s senior floating rate notes due 2015 on March 22, 2013, and to repay a portion of the balance outstanding under Select’s revolving credit facility. The balance of the series B term loan will be payable on February 20, 2016.

In connection with a potential refinancing of indebtedness outstanding under Select’s senior secured credit facility, Select intends to offer, subject to market and other conditions, $500.0 million principal amount of senior unsecured notes due 2021 (the “Notes”) in a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), the net proceeds of which will be applied to repay borrowings under Select’s existing term loan facility. Any such future refinancing transaction will depend on prevailing market conditions and other factors.

The Notes will be offered to qualified institutional buyers in reliance on Rule 144A under the Securities Act and will not be registered under the Securities Act. Unless so registered, the Notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

Quarterly Dividend

On May 1, 2013, Select Medical’s board of directors declared a quarterly cash dividend of $0.10 per share. The dividend will be payable on or about May 30, 2013 to stockholders of record as of the close of business on May 20, 2013.

Business Outlook

Select Medical is adjusting its prior business outlook provided in its February 21, 2013 press release. Select Medical now expects consolidated net operating revenues for the full year 2013 to be in the range of $2.925 billion to $3.025 billion. Select Medical now expects Adjusted EBITDA for the full year 2013 to be in the range of $375.0 million to $390.0 million. Select Medical now expects fully diluted income per common share for the full year 2013 to be in the range of $0.86 to $0.93 and adjusted income per common share, which excludes the loss on early retirement of debt and its related tax effects in the first quarter, for the full year 2013 to be in the range of $0.87 to $0.94.

The above business outlook includes the estimated financial impact from sequestration cuts that went into effect for discharges occurring on or after April 1, 2013. Select Medical estimates this negative impact to net operating revenues and Adjusted EBITDA to be between $20 million and $25 million. The above business outlook also includes the expected financial impact to outpatient therapy payments related to the multiple procedure payment reduction change included in the American Taxpayer Relief Act of 2012, which became effective for outpatient therapy services April 1, 2013. Select Medical estimates this negative impact to net operating revenues and Adjusted EBITDA to be between $5 million and $10 million annually for its outpatient rehabilitation segment. Select Medical assumed a 40.0% effective tax rate for the remainder of 2013 when preparing the above business outlook for the full year 2013.

Conference Call

Select Medical will host a conference call regarding its first quarter results and its business outlook on Friday, May 3, 2013, at 9:00am EDT. The domestic dial-in number for the call is 1-877-415-3184. The international dial-in number is 1-857-244-7327. The passcode for the call is 83390046. The conference call will be webcast simultaneously and can be accessed at Select Medical’s website,

For those unable to participate in the conference call, a replay will be available until 11:59pm EDT, May 10, 2013. The replay number is 1-888-286-8010 (domestic) or 1-617-801-6888 (international). The passcode for the replay will be 88736293. The replay can also be accessed at Select Medical’s website,

Select Medical is a leading operator of specialty hospitals and outpatient rehabilitation clinics in the United States. As of March 31, 2013, Select Medical operated 110 long term acute care hospitals and 12 acute medical rehabilitation hospitals in 28 states and 985 outpatient rehabilitation clinics in 32 states and the District of Columbia. Select Medical also provides medical rehabilitation services on a contracted basis to nursing homes, hospitals, assisted living and senior care centers, schools and work sites. Information about Select Medical is available at

Certain statements contained herein that are not descriptions of historical facts are “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements due to factors including the following:

changes in government reimbursement for our services due to the implementation of healthcare reform legislation, deficit reduction measures, and/or new payment policies (including, for example, the expiration of the moratorium on the 25-percent payment adjustment threshold that would reduce our Medicare payments for those patients admitted to a long-term acute care hospital from a referring hospital in excess of the percentage threshold) may result in a reduction in net operating revenues, an increase in costs and a reduction in profitability; the impact of the Budget Control Act of 2011 which, as amended by the American Taxpayer Relief Act of 2012, will generally result in a 2% reduction to Medicare payments for services furnished on or after April 1, 2013 unless further legislation is enacted; the failure of our specialty hospitals to maintain their Medicare certifications may cause our net operating revenues and profitability to decline; the failure of our facilities operated as “hospitals within hospitals” to qualify as hospitals separate from their host hospitals may cause our net operating revenues and profitability to decline; a government investigation or assertion that we have violated applicable regulations may result in sanctions or reputational harm and increased costs; acquisitions or joint ventures may prove difficult or unsuccessful, use significant resources or expose us to unforeseen liabilities; private third-party payors for our services may undertake future cost containment initiatives that limit our future net operating revenues and profitability; the failure to maintain established relationships with the physicians in the areas we serve could reduce our net operating revenues and profitability; shortages in qualified nurses or therapists could increase our operating costs significantly; competition may limit our ability to grow and result in a decrease in our net operating revenues and profitability; the loss of key members of our management team could significantly disrupt our operations; the effect of claims asserted against us could subject us to substantial uninsured liabilities; and other factors discussed from time to time in our filings with the Securities and Exchange Commission (the “SEC”), including factors discussed under the heading “Risk Factors” of the annual report on Form 10-K.

Investor inquiries:

Joel T. Veit
Senior Vice President and Treasurer

I. Condensed Consolidated Statements of Operations

For the Three Months Ended March 31, 2012 and 2013

(In thousands, except per share amounts, unaudited)



% Change

Net operating revenues

$ 744,021

$ 749,955


Costs and expenses:

Cost of services




General and administrative




Bad debt expense




Depreciation and amortization




Income from operations




Loss on early retirement of debt



Equity in earnings of unconsolidated subsidiaries




Interest expense




Income before income taxes




Income tax expense




Net income




Less: Net income attributable to non-

controlling interests




Net income attributable to Select Medical

Holdings Corporation

$ 41,542

$ 34,418


Income per common share:







Weighted average shares outstanding:







N/M = Not Meaningful

II. Condensed Consolidated Balance Sheets

(In thousands, unaudited)

December 31,


March 31,




$ 40,144

$ 4,500

Accounts receivable, net



Current deferred tax asset



Prepaid income taxes


Other current assets



Total Current Assets



Property and equipment, net






Other identifiable intangibles



Assets held for sale



Other assets



Total Assets

$ 2,761,361

$ 2,808,836

Liabilities and equity

Payables and accruals

$ 376,817

$ 373,235

Current portion of long-term debt



Total Current Liabilities



Long-term debt, net of current portion



Non-current deferred tax liability



Other non-current liabilities



Redeemable non-controlling interests



Total equity



Total Liabilities and Equity

$ 2,761,361

$ 2,808,836

III. Condensed Consolidated Statement of Cash Flows

For the Three Months Ended March 31, 2012 and 2013

(In thousands, unaudited)



Operating Activities

Net Income

$ 42,572

$ 36,802

Adjustments to reconcile net income to net cash provided by (used in) operating activities:

Depreciation and amortization



Provision for bad debts



Equity in earnings of unconsolidated subsidiaries



Loss (gain) from disposal or sale of assets



Loss on early retirement of debt


Non-cash stock compensation expense



Amortization of debt discount and issuance costs



Changes in operating assets and liabilities, net of effects from acquisition of businesses:

Accounts receivable



Other current assets



Other assets



Accounts payable



Due to third-party payors



Accrued expenses



Income and deferred taxes



Net cash provided by (used in) operating activities



Investing activities

Purchases of property and equipment



Proceeds from sale of assets


Investment in businesses, net of distributions



Net cash used in investing activities



Financing activities

Borrowings on revolving credit facility



Payments on revolving credit facility



Borrowings on credit facility term loans, net of discount


Payments on credit facility term loans



Repurchase of senior floating rate notes


Repurchase of 7 5/8% senior subordinated notes


Borrowings of other debt



Principal payments on other debt



Proceeds from (repayment of) bank overdrafts



Debt issuance costs


Repurchase of common stock



Proceeds from issuance of common stock


Distributions to non-controlling interests



Net cash provided by (used in) financing activities



Net decrease in cash and cash equivalents



Cash and cash equivalents at beginning of period



Cash and cash equivalents at end of period

$ 9,274

$ 4,500

Supplemental Cash Flow Information

Cash paid for interest

$ 31,285

$ 27,206

Cash paid for taxes

$ 204

$ 1,140

IV. Key Statistics

For the Three Months Ended March 31, 2012 and 2013




% Change

Specialty Hospitals

Number of hospitals – end of period:

Long term acute care hospitals (a)



Rehabilitation hospitals (a)



Total specialty hospitals



Net operating revenues (,000)

$ 553,038

$ 557,751


Number of patient days (b)




Number of admissions (b)




Net revenue per patient day (b)(c)

$ 1,525

$ 1,543


Adjusted EBITDA (,000)

$ 99,954

$ 93,347


Adjusted EBITDA margin



Outpatient Rehabilitation

Number of clinics – end of period



Net operating revenues (,000)

$ 190,899

$ 192,101


Number of visits (d)




Revenue per visit (d)(e)




Adjusted EBITDA (,000)

$ 22,478

$ 22,833


Adjusted EBITDA margin




Includes managed hospitals.


Excludes managed hospitals.


Net revenue per patient day is calculated by dividing specialty hospital direct patient service revenue by the total number of patient days.


Excludes managed clinics.


Net revenue per visit is calculated by dividing outpatient rehabilitation clinic direct patient service revenue by the total number of visits. For purposes of this computation, outpatient rehabilitation clinic direct patient service revenue does not include managed clinics or contract services revenue.

V. Net Income to Adjusted EBITDA Reconciliation
For the Three Months Ended March 31, 2012 and 2013
(In thousands, unaudited)

The following table reconciles net income to Adjusted EBITDA for Select Medical. Adjusted EBITDA is used by Select Medical to report its segment performance. Adjusted EBITDA is defined as net income before interest, income taxes, depreciation and amortization, gain (loss) on early retirement of debt, stock compensation expense, equity in earnings (losses) of unconsolidated subsidiaries and other income (expense). The Company believes that the presentation of Adjusted EBITDA is important to investors because Adjusted EBITDA is commonly used as an analytical indicator of performance by investors within the healthcare industry. Adjusted EBITDA is used by management to evaluate financial performance and determine resource allocation for each of its operating units.

Adjusted EBITDA is not a measure of financial performance under generally accepted accounting principles. Items excluded from Adjusted EBITDA are significant components in understanding and assessing financial performance. Adjusted EBITDA should not be considered in isolation or as an alternative to, or substitute for, net income, cash flows generated by operations, investing or financing activities, or other financial statement data presented in the consolidated financial statements as indicators of financial performance or liquidity. Because Adjusted EBITDA is not a measurement determined in accordance with generally accepted accounting principles and is thus susceptible to varying calculations, Adjusted EBITDA as presented may not be comparable to other similarly titled measures of other companies.

Three Months Ended March 31,



Net income

$ 42,572

$ 36,802

Income tax expense



Loss on early retirement of debt


Interest expense



Equity in earnings of unconsolidated subsidiaries



Stock compensation expense:

Included in general and administrative



Included in cost of services



Depreciation and amortization



Adjusted EBITDA

$ 109,064

$ 100,081

Specialty hospitals

$ 99,954

$ 93,347

Outpatient rehabilitation



Other (a)



Adjusted EBITDA

$ 109,064

$ 100,081

(a) Other primarily includes general and administrative costs.

VI. Reconciliation of Income Per Common Share to Adjusted Income Per Common Share

For the Three Months Ended March 31, 2012 and 2013

(In thousands, except per share amounts, unaudited)


Per Share (a)


Per Share (a)

Net income attributable to Select Medical Holdings Corporation

$ 41,542

$ 0.29

$ 34,418

$ 0.25

Earnings allocated to unvested restricted stockholders





Net income available to common stockholders





Adjustment for early retirement of debt:

Loss on early retirement of debt



Estimated income tax benefit (b)



Earnings allocated to unvested restricted stockholders



Adjusted net income available to common stockholders

$ 40,909

$ 0.29

$ 34,580

$ 0.25

Adjustment for dilution



Adjusted income per common share – diluted shares

$ 0.29

$ 0.25

Weighted average common shares outstanding:








Per share amounts for each period presented are basic weighted average common shares outstanding for all amounts except adjusted income per common share – diluted shares, which is based on diluted shares outstanding.


Represents the estimated tax benefit on the adjustments to net income.


Five Tips When Comparing Health-Care Credit Cards

If you’re stuck with a medical bill that’s more than you can afford to repay in cash, a credit card that’s designed specifically for health-care expenses may help you quickly fill the gap.

Most medical credit cards offer long-term, interest-deferred financing and you can usually get instantly approved. However, before you apply for the first card you see advertised in your medical practitioner’s office, think hard about the kind of loan you are signing up for, say experts.

(See’s “Health-care financing comparison chart” and “Medical credit cards: Treatment today, payment headaches tomorrow“)

“In any borrowing situation, you want to find the absolute best terms,” says Karen Carlson, director of education at the nonprofit credit counseling agency InCharge Debt Solutions. That way, you don’t wind up paying far more for a procedure than you need to.

Here are five expert tips for helping make sure you choose the best loan option for health-care financing.

1. Don’t assume it’s a good deal

If you’re like most people, the first time you learned about a particular kind of medical credit card was probably at your doctor’s office.

The receptionist may have handed you a brochure after you asked about medical financing. Or you may have noticed the brochures while waiting to be called in.

Many health-care providers — especially those who serve patients with limited health insurance coverage, such as dentists — partner exclusively with third-party creditors, such as CareCredit or Citibank, on special financing deals for patients.

The cards help doctors’ offices get repaid quickly for services while offering patients a way to finance procedures they may not otherwise be able to pay for all at once. ; ; ;

However, don’t be fooled by the brochure’s glossy veneer — or by the fact that your doctor’s office is recommending it, say experts. Just because your health-care provider is offering a particular card doesn’t mean that it’s the best deal out there.

Too often, “people put blinders on and look at the advertising and the kind, loving stock photos and just assume that because it’s designated as a medical credit card, it somehow has better terms than other kinds of loans,” says InCharge Debt Solution’s Carlson.

However, that’s often not the case, she says — especially if you can’t afford to repay a card’s balance by the time its promotional deal expires. “One major provider, the standard interest rate is 26.99%,” says Carlson. Unless you have truly blemished credit, you can probably get a better deal with just a plain vanilla credit card.

“People hold their doctors in very high esteem, but doctors are not trained to give financial advice,” she adds. “They’re there to provide you with high quality medical services.” ;

2. Read the terms

Most medical credit cards offer long-term, interest-deferred financing deals that can make signing up for the card seem like a no-brainer.

You may be able to get, for example, an interest-deferred loan on a pricey medical procedure that gives you anywhere between six and 24 months to pay it off. ;

But there’s a catch. With a deferred-interest credit card, if you don’t repay a card’s balance in full by the time the promotional period expires, you may be charged the card’s standard interest rate on the entire amount charged to the card — retroactive to the date of the first purchase. ; ;

“Look at the fine print,” says Mark Rukavina, founder of the health-care consulting group, Community Health Advisors. “Look long and hard to make sure if you sign up for one of these cards you’re going to be able to repay according to the terms.”

3. Do the math

After you’ve scanned the terms and conditions that are included with the application, use a loan payoff calculator to see how much you’ll have to pay each month to retire the debt before the interest-free promotional period expires. You may find that the monthly payment that is needed to wipe out the balance before interest kicks in is far more than you can afford to pay, says InCharge Debt Solution’s Carlson.

Don’t rely on the lender to calculate your monthly payment for you, adds Jill Nussinow of Santa Rosa, Calif.

Nussinow, who has a CareCredit card, says she learned the hard way. After she began using her card, she became confused by the monthly payment that was listed on her credit card statement. Nussinow assumed that the payment CareCredit listed would add up to the full amount owed by the time the promotional period expired.

However, it turns out that was just a minimum monthly payment. “What they don’t tell you when you get the card is that the payment that they ask you to make does not cover the actual payment if it were divided into equal payments for the year of free interest,” says Nussinow. “Initially, I was paying the amount that they said was the payment, [and] the balance was not changing much,” she says.

However, “once I spoke to someone and they explained that, I changed from making the $40-per-month payment that they say is due as the minimum payment to $150 so that it can actually get paid off.”

“You should really pay attention to what it is that you’re signing up for, and what it is that you’re doing,” Nussinow adds. “Very rarely is there a free ride.”

4. Consider your options ;

Just because a health-care provider mentions a particular payment option doesn’t mean it’s the only loan available to you.

“There are many ways to borrow money,” says Carlson. Research your options before you apply and see if you can find better terms with a similar interest-deferred or low-interest deal, she says.

“This advice is not unique to medical credit cards,” Carlson adds. Ask yourself, ‘Are these the best terms you can get? Can you afford it?’ Then shop around.”

Don’t be afraid to ask at your doctor’s office whether it offer its own extended payment plan, says Rukavina. “Communicate with the provider and see whether they have some ideas or some sort of program in place to help,” he says. “Oftentimes people don’t ask this and they’re not made aware” of alternative payment plans.

If the health-care provider doesn’t offer an extended payment plan, it still may be willing to give you a discount, says Rukavina, or recommend another program that can help. “People just should not be reluctant to ask whether there’s any kind of financial assistance out there, or whether fees can be reduced, or whether the provider would be willing to negotiate an extended payment plan,” he says.

5. Think back on how you’ve used credit in the past

You know yourself better than anyone else, says Carlson. Before you sign up for any kind of loan, look at your past behavior. Ask yourself if you are disciplined enough to repay the debt before the promotional period expires on a medical credit card.

For example, if you’re the kind of person who pays off your credit card balance each month, then a deferred-interest loan may be a good option. However, if you’re a minimum-payment type, a deferred-interest card can be a terrible option, says Carlson. ;

Health-care credit cards work best if you can afford the monthly payment during the deferred-interest period and if you are financially stable and can work within a budget, she says. ;

But be honest with yourself about whether that description fits how you really use credit. “Don’t live in a dream world,” says Carlson.

See related: Infographic: Medical bill trouble often part of larger money woes, Who’s liable for a minor’s medical debt?


Competitive Rate Bad Credit Medical Business Loan Products Now Available With Business Cash Advance Guru

Small medical businesses can now find affordable and flexible loan products, even if the entity has less than perfect or poor credit. Business Cash Advance Guru has made a wide range of bad credit medical business loan products available with many repayment options and no need for a credit evaluation.

Nationwide (PRWEB) March 15, 2013

The alternative lender, based in the Tampa Bay area, is moving forward with its plans to offer several types of debt instruments that can benefit small companies similar to medical businesses. Basing the loan qualifications outside traditional standards allows the innovative lender to approve applications within 24 hours and make funds available within a week’s time.

“Medical businesses, like any other industries, have capital needs. Just because, their line of business is in a specific industry doesn’t mean that they are treated any different by the big banks. It’s been well documented in the national and local news coverage that traditional lenders aren’t lending. Instead, those institutions are holding onto their money, and that’s a real detriment to small business owners,” a company spokesperson said, remarking about the ongoing credit crunch.

Business Cash Advance Guru is in the business of making capital available to small business owners in an effort to infuse economic vitality into local communities all across the nation. It’s lending model allows it to offer several variations of bad credit medical business loan products with very competitive rates.

Rather than basing approval on business and personal credit criteria, the alternative lender states it’s committed to offering business money fast for medical businesses by awarding loans based on the company’s ability to pay in the future, not what it’s done in the past.

“When small business owners go to their bank or credit union, they’re prepared to hand over a few years worth of financial statements. Those same owners know not to bother if they’re seeking a bad credit medical business loan because they won’t be given a second-look,” the spokesperson added.

Business Cash Advance Guru is building a reputation for its emergency medical business loan alternatives and more. It wants to be synonymous with the terms “bad credit medical business loan,” “easy application process,” and “fast approval.”

Medical businesses can get a loan simply based on their future credit card receipts and bank deposits and not have to sign a personal guarantee or put up collateral.

About TieTechnology is a division authorized by TieTechnology, LLC. TieTechnology, LLC specializes in service based solutions for businesses. Services provided by TieTechnology are merchant credit card processing, business service telecommunications, business cash advances on credit card processing platforms and web based visibility marketing. The advantages of doing business with TieTechnology is their commitment to their customer service excellence and the offering of one stop solutions to all business to business service product needs for the customers’ convenience. To learn more about their wide assortment of business services, please visit or

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Valerie Whitt
Business Cash Advance Guru
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