Medical & Healthcare
Solutions for Your Healthcare Practice
First National Bank Alaska offers financial solutions to help your healthcare practice succeed. Whether you’re just starting your business or looking to grow, our local experts can help you get the most out of practicing medicine in the Last Frontier.
Growing Your Practice
You may be starting with a medical degree and an empty lot, or looking to acquire a CT scanner and build a new addition to your offices. Whatever it is, First National can help.
- Establish a new practice
- Practice Acquisition loans
- Purchase an existing medical practice
- Construct a new building
- Purchase equipment
- Establish working capital
- Purchase real estate
- Improve property
- Effectively use Mastercard® business and corporate credit cards
Establish a relationship today with an expert who can deliver fast, local decisions on business loans.
Turn Payments into Working Capital
A customized electronic lockbox solution can accelerate the collection of your company’s remittances, enabling you to manage your account receivables more efficiently and access your funds more quickly.
- Improve cash flow with faster and more accurate collection processes for patient and/or insurance payments
- Decrease fraud and errors by reducing the number of employee “touches” on each transaction
- Produce timely reports with a variety of delivery options
- Access online, same-day deposit totals and images of remittance documents
- Enjoy timely reporting with a variety of delivery options
- Reduce the need for paper retrieval and storage
- Increase staff capacity and productivity
- Provide faster response to customer inquiries and improve customer service
We offer a suite of services from basic options to end-to-end revenue cycle management tools. You get the power and flexibility you need to manage your business finances.
Electronic Health Records (EHR)
Financing for your conversion to EHR is available from Alaskans experienced in quickly meeting the business needs of Alaska healthcare providers. First National’s loan program for purchase of EHR equipment offers the following terms and conditions to qualified borrowers:
- Up to 100% financing of EHR product bundle. Maximum loan amount to be $400,000
- Up to 6 months deferred payments
- Then 60 monthly payments fully amortizing deferred interest and principal balance
- Fixed Interest Rate 5.95%
- $300.00 documentation fee
- Borrower must be in business at least 2 years
ICD-10 Customized Line of Credit
Minimize ICD-10 revenue delay with a customized line of credit with this uniquely designed loan program. This special line of credit gives you the flexibility to receive cash sooner. First National offers the following terms and conditions to qualified borrowers:
- Line of credit up to $15 million
- Competitive interest rate
- Origination fee as low as 0.25% of loan amount
- One-year term
Other Loan Options
- Medical Practices - Finance the purchase of an existing practice, or the construction of a brand new clinic.
- Interim Construction Loan - Help pay for construction costs, such as materials and labor, with an interim construction loan until a project can be permanently financed. Pre-qualification for long-term financing is necessary. The real estate to be improved and building materials are used as collateral.
- Revolving Line of Credit - Meet working capital needs or bonding requirements without having to go through the application process each time with a revolving line of credit. Collateral and repayment terms are established on an annual basis and tailored to your needs.
- Refinance Real Estate Purchases & Investment - Explore potentially better rates and terms.
- Accounts Receivable Loan - Pay monthly operating expenses while waiting for payments from customers.
Online and Mobile Banking Tools
Manage your healthcare business finances anytime, anywhere with First National’s secure business online and mobile banking tools.
- Business Online Banking - Enjoy easier navigation and more efficient access to increased account information with our enhanced secure online business banking tool. Contact our business banking experts to get started.
- Mobile FNBizApp* - Turn your smartphone into a high-powered business account management tool on the go with First National's FREE FNBizApp. Check balances, pay bills, make transfers and so much more.
- Credit Card Alerts - Guard against fraud. Call Customer Service to register your First National credit card and receive real-time alerts to keep you informed of your credit card activity.
- ONEpay - Originate and receive domestic and foreign wires and Automated Clearing House (ACH) payments online.
- Electronic Lockbox - Accelerate the collection of payments with First National's customized lockbox solution design specifically for your business needs.
- CardValet®* - Turn your First National business debit card on and off, set limits, restrict transactions, receive real-time usage alerts, and more with the FREE CardValet app.
* Download the app from the Apple App Store or Google Play Store.
Discover the First National difference. Talk to a local banking expert to help move your business forward.