When your business is health care, your focus is on the patient and giving the highest quality and timely care possible. To do this well, you'll need a prescription that includes conveniently located offices, the latest in cutting-edge equipment and, perhaps, a partner or two to create a dynamic practice.
Plus, a trusted health-care business-banking advisor can help your business with a complete financial physical to remedy complex issues and ensure the practice runs smoothly.
"National City health-care bankers are committed to holistically serving the financial needs of health-care businesses, their owners and the staff that supports the practice," says Deborah Shepherd, National City vice president and health-care business-banking officer.
The National City health-care business-banking team of specialists work together to offer tailored banking, investment and underwriting services to those in the health-care industry. For example, National City offers special services for practice acquisitions, partner buy-ins, expansions, equipment purchases, as well as services geared toward establishing ambulatory surgery centers — a growing trend in the industry. "We're looking to make the physician's life easier by making financial recommendations that will save time and help practices operate more efficiently," Shepherd says.
From revenue-cycle management to affordable financing options, National City strives to deliver the best-fitting financial tools to satisfy the short-term and long-term needs of health-care practices with high-yield interest accounts, health-care business lines of credit, commercial real estate loans, health-care business leasing and flexible financing for medical equipment and health-care office buildings.
"We understand that sometimes physicians, dentists and other health-care service providers don't have the resources to draw upon because they are starting or running a practice, tending to their patients' needs and spending precious time with their families," Shepherd says. "We also have an understanding of their cash-flow needs because we know there is a longer timeline in collecting receivables because of Medicare, Medicaid and other types of insurance payments."
What's more, National City professionals work alongside other business advisors such as certified public accountants and attorneys, who also understand the scheduling demands of those running a health-care business.
"We work our schedules around our clients' schedules. We are available if they need to see us before business hours, after hours or in between patients," Shepherd says. "National City health-care bankers are solely dedicated to providing practices with integrated financial solutions. We offer businesses one direct point of contact, one trusted resource and many financial options. The relationships we build with health-care professionals are just like the relationships they build with their patients — based on trust."