Healthcare and medical services

Practice makes perfect! Get that healthy glow that comes from bankers who know where you’re coming from. We can tailor services and products to maximize your financial potential, from day-to day operations to long-term growth.

Tailored money management

  • Convenient Webster Deposit Link®, giving you the extra convenience of workplace depositing
  • Business Checking options
  • Multiple Savings plans
  • Merchant card services1 with next day funding

Strategies and management²

Through Webster Private Bank, we can offer comprehensive advice and solutions to help you build your practice's portfolio and manage potential risks.

Wide range of insurance options

Help prepare for the unexpected with insurance solutions and employee benefits³ that protect your company’s assets and its future.

  • Directors and officers liability protection (D&O)
  • Errors & Omissions (E&O)
  • Property and casualty insurance
  • Pensions and retirement plans
  • Employee benefits (including medical, dental, life, and disability)
  • Workers’ compensation

 

Breadth of experience

Our medical industry specialists have provided financial services and support for healthcare professionals, their staffs and families; working closely with:

  • Physician groups and dental practices
  • Veterinarians
  • Hospitals and long-term care providers
  • Senior living and home health care facilities
  • Foundations and group home operators
  • Health insurers and 3rd party administrators

New community urgent care

AFC Urgent Care

Dr. Steven Heffer knew his community needed an urgent care center. He had over 20 years of experience in emergency medicine but none as a business owner. Financing a freestanding hospital wouldn’t be easy — and 12 months of pursuing support left him still at square one. Until the day he walked into Webster Bank.

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Clear and convenient financing

Keep business and personal expenses separate, gain access to free spending reports and manage your business cash flow with our suite of Business credit cards⁴.

We can provide low-cost financing and leasing options including:

  • Highly competitive rates on Business lines of credit and term loans5
  • Simplified and quick application process
  • Specialized financing for Healthcare IT, Electronic Health Records (EHR), hardware, software, and training costs
  • Simplified leasing options

Pivoting in the face of challenge

Newport Health

Newport Mental Health services approximately 2,000 people a year. When Rhode Island changed the state’s Medicaid payment process, CEO Jamie Lehane suddenly found himself with a cash flow crunch. Normally, this is a red flag for most banks, but Jamie got a different answer from Webster.

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Disclosures

¹Webster Bank Merchant Services are offered through a joint marketing agreement between Webster Bank, N.A. and First Data Corporation. Next-business-day funds availability on payments processed through Webster Bank Merchant Services to a Webster business checking account. See a Webster representative for full details.

²Investment, trust, credit and banking services are offered by Webster Private Bank, a division of Webster Bank, N.A. Investment products offered by Webster Private Bank are not FDIC or government insured; are not guaranteed by Webster Bank; may involve investment risks, including loss of principal amount invested; and are not deposits or other obligations of Webster Bank. Webster Private Bank is not in the business of providing tax or legal advice. Consult with your independent attorney, tax consultant or other professional advisor for final recommendations and before changing or implementing any financial, tax or estate planning advice.

³Insurance and risk management services offered through a marketing relationship with USI Insurance Services of Connecticut, Inc., a subsidiary of USI Holdings Corporation. USI is a portfolio company of Goldman Sachs Capital Partners, a private equity affiliate of Goldman Sachs & Co.

⁴The creditor and issuer of these cards is Elan Financial Services, pursuant to separate licenses from Visa U.S.A. Inc. and American Express. American Express is a federally registered service mark of American Express. All loans and lines of credit are subject to credit approval.

5All credit products, pricing and overdraft protection are subject to the normal credit approval process. Some applications may require further consideration and/or supplemental information. Certain terms and conditions may apply. SBA guaranteed products may also be subject to additional terms, conditions and fees. Requires a Webster business checking account which must be opened prior to loan closing and which must be used for auto-deduct of payment.