NEWS
MERCANTILE’S PRIVATE PRACTICE
FOR HEALTHCARE PRACTITIONERS
There are many facets to running a healthcare practice. Doctors in private practice are, in essence, entrepreneurs. It’s imperative
for healthcare practitioners to find the right kind of daily business support while they concentrate on growing their practice and
their brand.
Karl Kumbier, CEO of Mercantile
Bank, explained the new offering
tailored for doctors.
“We understand that a lot goes
into setting up a practice - from the
property rental, financing equipment,
to a PABX system and cashflow to pay
staff. This would usually mean that
the doctor would have to deal with a
business banker, then an asset finance
banker, someone from property finance,
and more, to meet the needs of a
new business.
To us, healthcare
professionals are also
true entrepreneurs, and
therefore deserve to be
treated as such. We like to
grow entrepreneurs and
take their business to
next level
said. This ensures multi-faceted, yet
personalised banking.
This frees up healthcare
professionals to concentrate on running
their practice, while the bank helps
them with the business side of growing
the practice.
BENEFITS
“Mercantile will also finance
commercial properties and provide
our clients with a business term loan.
Our application process has also
been streamlined to make everything
faster, easier and more convenient. For
example, if all correct documents are
provided, we aim to give the applicant a
credit decision within 24 hours.”
The business credit card is linked
to a loyalty programme, with rewards
ranging from buying coffee to a holiday.
Private practice account holders are
entitled to access at any airport lounge
in SA that has a Bidvest Lounge facility.
On the free internet banking
platform, users can view both personal
and business profiles together. Online
beneficiary payments and transfers
between accounts are free.
UNDERSTANDING
ENTREPRENEURS
Kumbier sees SMEs as a market
that has not been well serviced.
He emphasised, “To us, healthcare
professionals are also true
entrepreneurs, and therefore deserve
to be treated as such. We like to grow
entrepreneurs and take their business
to next level.”
“We don’t lose customers. Dealing
with someone who understands
what goes into running a business
takes a massive burden off our
clients. Mercantile has catered to
entrepreneurs for 50 years.” Mercantile
has been rated number one in
service for business banking for three
years in a row as per the annual
Consulta survey.
Karl Kumbier, CEO at Mercantile Bank
Business benefits offered include:
Competitively priced private practice business current account with credit card linked to
loyalty programme and credit interest paid on both
ONE DEDICATED PRIVATE
BANKER
“The Private Practice offering means
that you would deal with one person,
for all banking requirements. From
personal banking, internet banking,
getting a credit card machine, to rental
solutions. There is one dedicated
private banker to look after everything.”
Kumbier clarifies that the
Private Practice offering is linked to
Mercantile’s Private Bank division. “As
such, clients will be given a dedicated
Private Practice Banker to look after
all their private banking needs,” he
14 MAY 2017 | MEDICAL CHRONICLE
Black credit card, which includes a loyalty programme
Financing - home loans, vehicle and assets; commercial property, business and personal
term loans
Investments
Wealth management
Insurance - for all insurance needs
Leasing
Merchant services – point of sale device and loan.