U.S. Bank Initiative to Serve Small-to-Midsize Healthcare Practices

 U.S. Bank today announced a new cross-business initiative to serve healthcare practices with up to $25 million in annual revenue. Newly appointed Head of Healthcare Business Banking Joe Persichetti will lead this effort, working with teams across banking, payments, and wealth management to deliver a comprehensive suite of solutions for healthcare clients.

U.S. Bank is adding more than 50 new positions across the country to power the initiative, combining high-touch service with healthcare expertise and tailored solutions. Each client will be served by a specialized team led by a healthcare banker who can bring them solutions and advice designed to strengthen their practice, improve their patient payment experience, and help them achieve their personal financial goals.

Clients will include medical, dental, and veterinary practices and practice owners, as well as physician-owned medical and diagnostic laboratories and outpatient care centers. U.S. Bank will have healthcare business banking relationship managers located in strategic markets across its footprint.

While banks have traditionally focused their healthcare services on hospitals and large medical systems, more than 50% of practitioners are in small to mid-size practices. These practices need services that will simplify their finances and operations, so their practitioners can spend more time on patients and less time on administrative tasks.

https://finance.yahoo.com/news/u-bank-launches-initiative-serve-130000370.html