As financial institutions look for ways to expand their commercial lending portfolios and attract valuable relationships, there are many opportunities out there for consideration. Possibly none add more value across multiple channels than healthcare banking. The healthcare industry is a $2 trillion market that represents 18% of our GDP and is growing. Banking opportunities abound. Healthcare relationships bring in core deposits, have a strong need for treasury management services, are typically sound credit risks, and drive wealth management opportunities.
Attracting healthcare relationships starts with having a viable healthcare loan platform. Just what is healthcare lending, though?