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At Standard Bank, we understand the pressures doctors are faced with daily, from casual consults to life-threatening emergencies and that there simply isn’t any time to waste on banking. “We also appreciate that when you look at a private practice you can’t remove the healthcare practitioner from it, they are so closely intertwined that we recognised the need to look at both the consumer account and the practice account and the key elements within that,” said John Van Kan head: Healthcare Sector. “It is for this reason we created our Medical holistic offering.” 

HOLISITC SOLUTIONS 

Healthcare practitioners at Standard Bank are supported at every stage of their professional and personal lives, whether they're setting up a new practice, managing an established practice, or looking to grow their wealth. 

STARTING A PRACTICE 

Launching a practice is no small feat and comes with significant financial requirements. Our specialists will not only support you in selecting the right solutions for your practice, but they will also 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. 

LENDING SOLUTIONS 

Overdraft, revolving credit facility, or medium-term loan, we offer you not just quick and convenient access to finance when your practice needs it, but Standard Bank does so at preferential business banking rates. If you’re looking to expand your practice and offerings to patients, we also offer commercial property and asset finance solutions. When it comes to personal finance solutions, Standard Bank also guarantees quick and convenient access to funds when needed.  

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.  

SHORT-TERM INSURANCE 

Don’t let accidents, disasters, and malpractice claims damage your wealth. Standard Bank insurance brokers work with leading medical malpractice insurance providers to deliver the best terms for your practice. We also offer dispensing risk cover, and key man assurance. 

MEDICAL AID SWITCHING 

With 240 medical aids, and 17 medical administrators, it’s no surprise that switching of medical aid banking details can be the thing of nightmares. “Handling all the admin yourself, it can easily take up to six months before everything is switched,” said Van Kan. “But, free of charge, Standard Bank ensures a seamless switching of your medical banking details in just 30 working days.” 

CPD AND OTHER BENEFITS 

As an extension of the benefits of banking with Standard Bank, you 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. 

WEALTH PROTECTION AND GROWTH 

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. “Legacy planning is important and we’re here to help you plan your affairs, build your legacy, and ensure your loved ones are provided for,” said Van Kan. 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. “In a nutshell, Standard Bank offers a full-service, one stop shop for all your financial needs whether personal or your practice. Guaranteed holistic banking solutions,” said Van Kan. “We are in the business of helping you take care of your finances and financial wellness, so that you can focus on the wellbeing of your patients.”  

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.