Here's what you need to know
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Siemens Healthineers discounted medical equipment
Included in the medical professionals offering is the benefit of purchasing discounted medical equipment with Siemens Healthineers.
Clients who take up the interest rate subvention offering with Siemens will get a subsidy of up to 5% for all their medical equipment purchases. Some of the hero products included in the offering are the Mobilett Elara Max (mobile bedside unit), SOMATOM go.Up (CT scanner) and Artis MP HD (imaging system).
Why finance medical equipment through Absa?
- We offer financial solutions that are tailor-made for your specific needs
- We offer an exclusive, reduced interest rate
- You can free up working capital by financing your equipment
- Whether you finance or pay for it in cash, the price of the equipment remains the same
- Enjoy a tax benefit by claiming for expenses.
Which products are available?
- Instalment Sale agreements
- Lease agreements.
Finance term
The finance term can range from 12 to 60 months, which provides flexibility in meeting your requirements.
What is the required deposit?
From 0% or 30% to 50%, depending on your cash-flow requirements and credit approval conditions.
If you’re interested in acquiring medical equipment for your practice, please contact your Private or Wealth Banker.
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Med Core Billing Medical Solutions discounted practice management solutions
Medical professionals who would like assistance in ensuring that their practice runs more swiftly can take advantage of Absa Private Wealth Banking’s exclusive partnership with Med Core Billing Medical Solutions, which offers discounted practice management solutions.
This offer is available to medical professionals who are registered with the Health Professionals Council of South Africa (HPCSA). It excludes professionals who are registered with the Allied Health Professions Council of South Africa (AHPCSA).
Med Core Billing Medical Solutions’ services include, but are not limited to:
- Web- and desktop-based practice management solutions software
- Electronic diary
- Electronic claim submissions with real-time feedback
- Electronical medical record (EMR) software
- Practice management
- Debt collecting
- Data security
- Practice setup and registration
- Practice reporting
- Medical aid switching
If you’re interested in discounted practice management solutions software for your practice, please contact your Private or Wealth Banker.
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Absa Merchant Services
Our Medical Professionals Offering lets you take charge of your payments. Our medical professionals will qualify for;
- POS device acquisition at reduced rates, whether you purchase it once-off or rent it monthly.
- POS device transactional fees at reduced rates, if you are a member of a medical affiliations group.
Medical Affiliations Groups
- Dental Technology Association of SA (DENTASA)
- Emerging Market Healthcare Ltd (EMC)
- Healthman Group
- Homeopathic Association of SA
- Independent Community Pharmacy Association (ICPA)
- Klinicare
- MediConnect
- Pro Pharmacy
- Pure Pharmacy
- Qualicare Group
- South African Dental Association (SADA)
- South African Medical Association (SAMA)
- Spar Pharmacy
- SpecSavers
- SpesNet
- Torga Optical
Device Options
Verifone T650m
All-in-one mPOS solution with powerful commerce capabilities. Android-based all-in-one mPOS solution. The Verifone T650m device is a powerful all-in-one mPOS solution, which allows electronic payment transactions to be processed. This payment processing solution with a fully integrated POS can scan barcodes, QR codes, and products with the help of an integrated camera.
Verifone T650p
The T650p portable solution is a lightweight powerhouse that is beautifully styled to easily fit in hand and go where you go. Easily accept payments anywhere, any type, including mobile wallets and alternative payment methods. Keep up with customer experience expectations. With easy screen rotation and forward-facing camera, the T650p is the perfect device for engaging your customers from the moment of interaction. The stunning 5.5” capacitive touch screen supports rich video and high-quality audio, helping make your customers experience even more dynamic.
If you’re interested in our merchant services solutions for your practice, please contact your Private or Wealth Banker.
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Medical Malpractice Insurance
- Medical professionals in South Africa face increased litigation due to negligence or malpractice claims. The number of medical malpractice claims has risen by 900% over the past decade, with over R5m in claims.
- The new Consumer Protection Act (CPA) introduced in 2011 further increases medical professionals' exposure due to stringent requirements and increased consumer awareness. Insurance is crucial for those involved in medical procedures, as the legal profession faces high earnings potential from such claims.
- Medical practitioners are exposed to potential liability in the following ways:
- Breach of professional duty in terms of the scope of practice.
- Breach of implied warranty of authority or breach of trust committed in good faith.
- Defamation or injuria.
- Bodily injury caused by any actual or alleged negligent act, error or omission arising from the rendering of any healthcare services or Good Samaritan Acts in the conduct or scope of practice.
ONE Cover Options
- Medical Malpractice
- Professional Liability (Indemnity)
- Public Liability
Camargue Cover Options
- Medical Malpractice
- Public Liability
- Products Liability
- Professional Indemnity
If you’re interested in Medical Malpractice Insurance, please contact your Private or Wealth Banker.
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Absa Travel & Lifestyle
Make use of your own personal concierge service through Absa Travel & Lifestyle. The 24-hour concierge service provides Private Wealth Banking clients with a personal travel assistant. The concierge will take care of all practical considerations, so you can maximise every moment.
- Travel arrangements
- Booking flights
- Hotel reservations
- Hotel transfers
- Car hire
- Tourist activities
- Information
Need more help?
Contact your dedicated banker or let one of our consultants assist you.
Private Assist: 0860 553 553
International Private Assist: +27 11 501 5011
Email us at: privatebanking@absa.co.za
