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IMPORTANT INFORMATION: On Sunday October 20, 2019 beginning at 1:30am ET, ProvidentConnect for Business, Business Bill Pay and Business Mobile services will be temporarily unavailable due to system maintenance. We anticipate these services being fully restored by 11:00am ET on Sunday October 20, 2019. We apologize for the inconvenience.

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Education & Insights

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March 26, 2019

Healthcare Lending

woman on laptop in medical uniform

John W. Bolich, Jr.
Senior Vice President, Director of Healthcare Financial Services
Provident Bank

What are some of the financing options you offer for healthcare professionals?

Our streamlined application process provides everything from 100% financing for leasehold improvement and equipment loans to owner-occupied commercial mortgages that approach 85% loan-to-value. We offer traditional lines of credit and specialized financing for practice acquisition loans, including Physician Buy-in and Buy-out loans.

What challenges do you help them with?

Our team of experienced healthcare lenders not only take the time to understand and listen to our clients’ needs, but also have a full understanding how recent changes in healthcare laws have impacted today’s industry.  From a moratorium on new surgery center licenses to new cuts in reimbursement rates, our team can help sort through the confusion. 

What types of healthcare providers have you helped?

Our healthcare financial services professionals have worked closely with a variety of healthcare businesses, practice groups and care centers throughout New Jersey, New York and Pennsylvania areas.  Our clients include:

  • Multi-specialty Practices and Ambulatory Surgery Centers (ASCs)
  • Surgical Specialties (Gastroenterology, Anesthesiology, Oncology, Spine, Pain Management)
  • Primary Care Physicians (Family Practitioners, General Practitioners, Pediatricians & OB?GYNs)
  • Dental Professionals (Oral Surgeons, Orthodontists, General Practitioners)
  • Single Specialty Practices (Ophthalmology, Endocrinology, Urology, Allergy, Dermatology, to name a few)
  • Mental Health and Behavioral Not-for-Profit Entities
  • Long –Term Care Facilities (Nursing Homes, Assisted Living Facilities, Continuing Care and Retirement Centers)
  • Physical Rehabilitation Centers)
  • Medical Laboratories and Pharmaceutical Research and Development Companies
  • Veterinarian Practices
  • Medical and Dental Supply Companies
  • Joint Ventures with Hospitals

Now more than ever, you need a financial partner that you can count on to provide smart and responsive solutions. At Provident Bank, we know that recent changes in healthcare lending, laws and insurance procedures present many new challenges for your business. We can help sort through the confusion. Provident boasts a division solely dedicated to providing financial products and services for healthcare professionals - with a team of seasoned healthcare lenders that you can count on.

 

For more information, please contact John Bolich at 973-656-2441 or [email protected]

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