There’s no doubt that you as a medical practitioner work long hours and face untold pressures every day, and you don’t need the extra burden of banking admin. Standard Bank understands this, and that’s why we have designed a suite of holistic banking and financial solutions that cater specifically for healthcare professionals, taking time-consuming admin tasks off your plate and addressing your unique banking needs. 

Our holistic banking solutions are specifically designed for medical professionals, creating an end-to-end offering that covers both your personal and professional needs. Now, you can focus on the wellbeing of your patients while Standard Bank takes care of all the different tasks required to keep your practice running and your personal wealth growing.  

“An all-inclusive solution that gives you access to a full suite of banking services, including preferential rates on Private Signature Accounts, malpractice insurance, access to the Continuing Professional Development (CPD) points platform, effortless medical aid switching, and more.” says John Van Kan the head: Healthcare Sector.  

• Tailored holistic solutions
  Whether you’re launching a new practice, managing an established practice, or looking to grow and protect your personal wealth, Standard Bank’s holistic solutions for healthcare professionals are designed to support you at every stage of your personal and professional life. This is how the bank meets your financial needs during these stages:
• Starting a practice – The financial requirements of starting a practice can be quite extensive. Standard Bank provides a Business Current Account that’s easy to manage and helps you transact in ways that are most convenient for you. Healthcare specialists within the regions are on hand to support you in selecting the right solutions for your practice, and to share healthcare-specific expert insights to assist you in your future growth plans. 

Along with preferential Business Banking rates, a range of point-to-sale devices for receiving and reconciling payments, options to accept payments on the go with PocketBiz, cashless payments through Merchant Online and contactless payment options such as SnapScan, you can create a seamless, future-facing banking experience for your practice and patients.  

From business overdrafts to medium-term loans, you benefit from quick and convenient access to finance when your practice needs it, including commercial property and asset finance. Necessary additions like short-term insurance for you and your practice and seamless switching of your medical aid banking details to Standard Bank are also available. Through preferential Private Signature Family Banking rates for the account holder and five additional family members, you can access all the benefits of Private Banking, including stellar service from dedicated Signature Bankers, complimentary airport lounge visits and a host of other travel and lifestyle benefits.  

• Managing your practice – As an extension of the benefits of banking with Standard Bank, medical professionals can use the CPD points platform to remain compliant with industry development requirements. The Employer Value Banking (EVB) team can help you create a unique package of solutions to benefit your practice employees. Plus, you’ll be rewarded for your personal and business banking with UCount Rewards, which you can earn on purchases from fuel to travel and redeem on a range of products and services.

• Protecting and growing your wealth – Even if you’ve established a successful practice, it’s important to protect and grow your personal wealth. Through wealth management services, you can take advantage of financial and legacy planning. Innovative wealth creation products offer liquidity management and investment solutions to help you achieve optimal profitability for your businesses and work towards sustainable, long-term wealth.

“There are many benefits to banking with the Standard Bank Family. We have inclusive solutions that will take care of everything you need to build and grow a business practice. Our dedicated team of healthcare specialists will look after your banking needs with the same level of care that you extend to your patients,” adds Van Kan.  

For more information on Standard Bank’s holistic banking solutions for healthcare professionals, visit www.standardbank.co.za/healthcaresector or email healthcare@standardbank.co.za for a more personal touch.