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UOB and Foundation Healthcare partner to strengthen the business behind healthcare
UOB and Foundation Healthcare Holdings (FHH), Singapore’s largest multi-specialty private healthcare group and founding member of the Health Connective Programme, have joined forces in a strategic partnership aimed at addressing the evolving needs of healthcare providers.
Through this partnership, more than 650 healthcare providers who are part of Health Connective will gain access to a suite of banking, insurance, and digital solutions tailored to address financial, business protection and operational needs of healthcare providers
At its core, the partnership recognises a key reality faced by many clinics face today: delivering high-quality patient care and clinical excellence is only part of the equation. Running a successful practice also requires strong financial resilience, operational efficiency, and protection against business risks. By strengthening these foundations, healthcare professionals can spend less time managing administrative and business demands, and more time focusing on patient care.
How the best bank for SMEs is enabling healthcare SMEs to build resilient businesses
Leaning into UOB’s deep healthcare sector expertise, solutions are structured around the unique challenges and needs faced by the healthcare industry. As part of the collaboration, Health Connective members can enjoy the following benefits with UOB’s tailored solutions for healthcare businesses:
- Reduce business costs: By equipping clinics with UOB merchant terminals for comprehensive payment acceptance, healthcare providers can enjoy competitive merchant discount rates1 on payments processed via UOB merchant terminals, all with no annual or set up fees.
- Be rewarded with cash bonus2: Healthcare businesses who run their operations and transact with selected UOB business accounts3 can earn attractive cash bonus2 of up to 0.9% p.a. on average monthly balances – all without locking up funds.
- Protect against business risks: With a tailored Clinic Insurance Package4 offered at preferential premium rates for GPs and specialists, healthcare businesses can secure comprehensive clinic-specific coverage including professional indemnity, public liability, medical equipment and business interruption.
Beyond financial services, the partnership also extends into digital enablement. Healthcare providers who have a UOB business account can tap into UOB BizSmart5, a curated suite of digital solutions spanning accounting, HR, payroll, point-of-sale systems, AI, and other business categories. With UOB BizSmart, healthcare SMEs can receive complimentary digital advisory on simplifying business operations and enjoy complimentary subscriptions and preferential rates. Selected accounting and HR or payroll solutions can also be integrated with UOB’s SME banking platform, so businesses can improve productivity and gain clearer oversight of their day-to-day operations.
As healthcare providers in Singapore navigate evolving demands, UOB – with its strong understanding of healthcare businesses – is the best SME bank for healthcare providers who are looking to develop strong financial foundations, and build, manage and scale more efficient and resilient practices.
Ready to explore banking and insurance solutions for your healthcare business?
UOB is offering the above tailored solutions for members of FHH’s Health Connective Programme. Members may submit your interest via the Health Connective Programme Partner Privileges page.
1Terms and conditions governing UOB Merchant Services apply. Please visit UOB website for more information.
2UOB SGD Cash Bonus Promotion Terms and Conditions and UOB USD Cash Bonus Promotion Terms and Conditions apply. Please visit UOB website for more information.
3Terms and conditions for UOB business accounts apply. Please visit UOB website for more information.
4Terms and conditions governing United Overseas Bank Limited General Insurance Offer apply. Please visit UOB website for more information. The above is provided for general information only and is not a contract of insurance. Full details of the terms, conditions and exclusions of this insurance are provided in the policy contract and will be sent to you upon acceptance of your application by United Overseas Insurance Limited (“UOI”). You may wish to seek advice from a qualified adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a qualified adviser, you should consider carefully whether this product is suitable for you. United Overseas Bank Limited (“UOB”) does not hold itself out to be an insurer, insurance broker or insurance agent. The insurance products and services stated herein are provided by UOI.
While all information provided herein is believed to be correct and reliable at the time of publishing or posting online or, where applicable, printing, UOB and UOI make no representation or warranty whether express or implied, and accept no responsibility or liability for its completeness and accuracy.
5UOB BizSmart important notes and disclaimers apply. For details, please visit UOB BizSmart website.
