MedX Finance Recognised Among Australia's Leading Commercial Brokers
There's a moment in every business journey when you pause and reflect on the real meaning behind the numbers. For MedX Finance, that moment came with the release of The Adviser's Elite Broker Ranking 2025 – Commercial edition.
Four of our brokers; Luke Truscott, Michael Evans, Todd O'Reilly, and Michael Fazzolari, were recognised among the nation's top 25 commercial finance brokers. Even more humbling, our team secured positions 2, 3, 4, and 5 in the working capital category, an area that's often underserved but critical for medical professionals building and growing their practices.
But here's what matters most to us: behind every one of those rankings is a medical professional who trusted us to help them open their own clinic, expand their services, or invest in equipment that allows them to support more patients. That's what these numbers really represent.
A Journey Built on Purpose,
"It's incredible to see MedX Finance in these listings so early on in our journey," reflects Todd O'Reilly, Founding Partner at MedX Finance. "As we scale and look to support more medical professionals across Australia, it's humbling to know that behind these numbers are real people; Doctors opening their own clinics, dentists expanding their practices, vets investing in life-saving equipment. Each settlement represents a medical professional improving health outcomes across the country. That's what drives us every day."
We didn't set out to win awards or claim rankings. We set out to solve a problem: medical professionals deserved better than one-size-fits-all finance solutions from institutions that didn't understand the unique challenges of healthcare businesses.
The recognition from The Adviser validates that our approach – putting clients first, staying accessible and human, and leveraging deep specialist knowledge, is making a real difference.
The Team Behind the Rankings
Luke Truscott – Rank #16 Overall, #2 Working Capital
With over 26 years of healthcare banking and finance experience, Luke has become a trusted partner for medical, dental, and veterinary professionals across every stage of their career. His expertise spans the complex world of practice setups, SMSF structures, and partnership arrangements.
In FY25, Luke settled 69 commercial loans totalling $52.6 million, with $19.9 million of that dedicated to working capital across 31 loans. His average working capital loansize of $642,000 reflects the sweet spot where established practices need capital to expand, upgrade equipment, or add new specialists to their teams.
Luke's commitment to his clients has created relationships that span decades – from helping graduates secure their first practice loan to structuring succession plans as they approach retirement.
Michael Evans – Rank #19 Overall, #5 Working Capital
Michael brings 10 years of specialised experience in both residential and commercial finance for healthcare professionals. With a background in biomedical science, he brings a unique understanding of the clinical side of medical practices.
Over FY25, Michael settled 32 commercial loans worth $38.2 million, including $7.1 million in working capital across 12 laons. His average loan size of $592,000 demonstrates his strength in helping established practices navigate complex growth scenarios.
What sets Michael apart is his ability to explain complex finance structures in straightforward terms that respect the time constraints medical professionals face.
Todd O'Reilly – Rank #22 Overall, #4 Working Capital
As one of MedX Finance's Founding Partners, Todd has dedicated 14 years specifically to medical finance, backed by 18 years of commercial finance experience. His qualifications include a Diploma of Mortgage Broking Management and a Bachelor of Business, but it's his genuine passion for helping medical professionals succeed that clients remember most.
In FY25, Todd settled 52 commercial loans totalling $36.6 million, with $8.9 million in working capital across 26 loans. His average loansize of $343,000 makes him particularly effective for newer medical professionals or those making their first major practice investment – where understanding the cash flow realities of a growing practice is essential.
Todd has helped build MedX Finance from the ground up, creating a culture where accessibility isn't just a value statement, it's how the team operates every single day.
Michael Fazzolari – Rank #24 Overall, #3 Working Capital
Known affectionately as "Fazz" by clients, Michael brings 25+ years of healthcare banking expertise to the team. As a Founding Partner, his qualifications include a Bachelor of Economics, Diploma of Finance, and Certificate IV in Mortgage Broking, with special expertise in radiology, ophthalmology, and dental sectors.
Michael settled 23 commercial loans worth $35.1 million in FY25, including $9.27 million in working capital across 13 loans. His average working capital loansize of $713,000, the highest among the team reflects his strength in structuring larger, more complex working capital arrangements for established practices and corporate groups.
Why Working Capital Matters
Here's something that might surprise you: The Adviser's report notes that relatively few commercial brokers specialise in working capital lending. Most focus exclusively on commercial property loans.
But for medical professionals, working capital is often more critical than property finance. It's the funding that:
Bridges the gap between delivering patient care and receiving Medicare or private insurance payments
Allows practices to hire that additional specialist without depleting cash reserves
Enables equipment purchases that improve patient outcomes without disrupting cash flow
Supports practice expansion before you're ready to purchase property
Provides breathing room during seasonal fluctuations or unexpected challenges
Collectively, our team settled over $45 million in working capital loans across 82 loans in FY25 – representing 43% of the total working capital volume written by the top 10 brokers nationally. But again, what matters isn't our market share. It's that 82 medical practices had the capital they needed to grow, invest, and serve more patients.
What This Means for Medical Professionals
These rankings tell you something important about MedX Finance: we're not a one-person brokerage relying on a single star performer. We're a team of nationally-ranked specialists who collaborate to find the right solution for you.
When you work with us, you're accessing:
Proven expertise: Four brokers in the national top 25 demonstrates systematic excellence, not just individual talent
Specialised knowledge: Combined, we have over 90 years of experience specifically in medical finance
Depth of capability: Whether you need $200,000 or $20 million, whether it's your first practice loan or your fifth, we have the right specialist for your situation
Working capital mastery: We're not generalists dabbling in medical loans – working capital for healthcare is a core strength
The Real Victory: Client Outcomes
Yes, we're proud of these rankings. They validate the long hours, the weekend calls, and the commitment to being there when our clients need us (because medical professionals don't work 9-5, and neither do we).
But the real victories are the ones our clients experience:
The young GP who opened their first bulk-billing clinic in an underserved community
The dental practice that purchased the digital scanner that improved patient outcomes
The veterinary hospital that expanded to offer emergency services
The radiologist who bought into their practice partnership
The physiotherapy group that opened their third location
These are the stories that matter. The rankings simply confirm we're doing right by the people who trust us.
Moving Forward
As Todd mentioned, we're still early in our journey. The Elite Broker rankings evaluate FY25 performance – and we're just getting started.
But we're not chasing bigger rankings or higher volumes for their own sake. We're focused on the same things we've always been focused on:
Customer First: Never taking a one-size-fits-all approach, never being swayed by interests beyond our clients' needs
Human: Being accessible, adaptable, and authentic – no bots, no call centres, no jargon
Specialist: Leveraging deep sector expertise to find the best solution quickly
How We Can Help You
Whether you're a recent graduate looking at your first practice loan, an established practitioner considering expansion, or a multi-site practice owner exploring working capital options, we'd welcome the opportunity to have a conversation.
We don't charge our clients any fees – our service is covered by the lenders. You get access to nationally-ranked expertise and our panel of 45+ mainstream and specialist lenders at no cost to you.
Most importantly, you get a team that genuinely understands what you're trying to achieve – not just financially, but clinically. We understand that the finance isn't the end goal. Improving patient outcomes is. We're just here to make sure the money side of things never holds you back from achieving your clinical ambitions.
Ready to discuss your finance needs?
Connect with our team at 1300 406 594 or email us at getintouch@medxfinance.com.au.
We aim to respond within one hour, seven days a week.
Learn more about The Adviser's Elite Broker Rankings here.
The Elite Broker Ranking 2025 – Commercial, partnered by Assetline, evaluated brokers based on their FY25 commercial mortgage and working capital loan settlements. Rankings were determined by largest settlement volumes in dollar terms, with all submissions independently verified by Agile Market Intelligence on behalf of The Adviser.