Healthcare is a highly regulated industry. Keeping up to date with requirements, ongoing Continuing Professional Development (CPD) commitments as well as ‘running a business’ can be challenging and time consuming. Then there’s the personal needs - your own wealth, super, savings, and borrowing options - which may take a back seat to the business.
With years of experience helping healthcare professionals run their businesses, Healthcare Specialist Bankers are well placed to assist you in achieving both your long term business and personal goals.
"We just felt Westpac were more focused on health … In trying to talk concerns of general day-to-day banking, the loans, the structure of those loans, you obviously need people like Justin [our Healthcare Specialist Banker] who have a very good insight into the business and the foresight to tailor our loans to those needs."
- Dr Peter Dunn, Managing Partner and co-owner of Exact Radiology
Popular Healthcare products
We offer a range of specific products, advice for your business, as well as industry insights honed from years of working closely within the highly regulated healthcare sector including:
- A well-structured and flexible Healthcare Lending Policy that can use the value of your practice to set up or expand with up to 90% of loan-to-value lending.
- Financial advice for staff and personal family wealth and risk options, as well as succession planning. Whether you're planning to grow your wealth or need assistance with planning your retirement, we can help.
- Self-Managed Superannuation Fund (SMSF) advice to better manage everyday banking and compliance responsibilities when self-managing your own superannuation fund.
Ensuring a healthy business
We focus on the total business wellbeing of 3 specialist healthcare professions:
- Medical practitioners and veterinarians - Our specialists provide structured financial solutions for all professional and personal banking needs, including loan structuring, partner loans, personal investment (SMSF) and risk protection.
- Pharmacists - Pharmacy is a dynamic and evolving business environment. Our team can assist in finding the right business solution for your pharmacy using their previous experience and up to date industry knowledge.
- Dentists - Dental practices have specific needs; like equipment, premises and staffing to name a few. We have strong experience and knowledge in assisting dentists achieve their goals.