Setting Up, Day to Day Operations & Practice Expansion. We’re here for Medipreneurs to start and grow their practice.
A medipreneur is a medical entrepreneur who manages a business providing health and wellness services or products. We help you to run your clinic practice efficiently so that you can focus on your patients.
Start it
It’s not brain surgery. Getting financing to open your new healthcare practice shouldn’t be a complicated procedure. No business track record needed. No financial statements needed.
Upfront funding of up to S$300K* with a Medi-Starter loan
If you are setting up your clinic practice for the first time, we offer an upfront starter loan to help you get started. This is useful to cover your setup costs such as renovation, general working capital needs and practice acquisition. No business track record or any financial records are needed.
* Non-Western clinics & Allied Health clinics (up to S$150,000) and Western Clinics, Dental, and Specialists clinics (up to S$300,000). If you are operating a chain of clinics, financial documentation will be required. Other terms and conditions apply.
Pre-approved funding of up to S$500K^ with a Medi-Expansion loan
If you are an established practice and are looking to expand your offerings, you can get financing of up to S$500,000. No financial records are needed.
^ Western Clinics, Dental, and Specialists clinics (up to S$500,000). If you are operating a chain of clinics, financial documentation will be required. Other terms and conditions apply.
Secure your premises with rental bonds, underwritten by Great Eastern General Insurance Limited (part of OCBC Group)
To reduce the impact to your cash flow, we support you with a rental bond so that you do not have to fork out a hefty security deposit to the landlords.
Run It
Diagnose the vital signs of your healthcare practice with innovative digital solutions. Beyond operating more efficiently and profitably, our digital solutions help you deliver better patient care.
Build capabilities and seize opportunities with OCBC Start Digital Pack
Embrace digital transformation and boost your practice’s productivity and revenue. Build your digital capabilities with accounting, HR, appointment scheduling and cybersecurity tools including Xero, QuickBooks, Talenox, and Acuity Scheduling. Get savings with up to 12 months free subscription for selected solutions.
Get dedicated support from OCBC’s Healthcare Specialist Team
Our team of experts understand your unique industry challenges and are here to help you from your first clinic and as you expand both locally and in the region. They can offer you tailored solutions and advice to help your medical practice succeed via banking and beyond banking solutions.
Collect It
Whether it’s collecting payments or paying your medical practice’s bills, give your staff, suppliers and patients a clean bill of health by adopting these innovative and secure digital finance and e-payments solutions.
Speed up payment collection with OCBC OneCollect
Your frontliners can skip the hassle of renting and setting-up point-of-sale equipment with this digital merchant solution that manages transactions easily and collects payments instantly to your business account. Our intuitive app is also integrated with PayNow QR for quick scan-and-pay transactions that saves you merchant commission.
Access a wide range of payment methods with OCBC card terminal
Enjoy preferential pricing when you collect payments from customers using an OCBC card terminal. OCBC card terminals accept the following international payment schemes: VISA, MasterCard, UnionPay, JCB, Alipay+ QR and WeChat Pay QR via physical cards and mobile payments, as well as PayNow QR — all on one terminal.
Moreover, our dedicated support specialist will guide you with your setup.
Subject to terms and conditions, and signing of a Merchant Agreement.
Digitise your payment collections anytime, anywhere
Collect payments from patients using PayNow QR and reconcile data seamlessly with our OCBC API solution. Furthermore, simplify administrative operations with our partner solution so that your staff can stay focused on other important tasks. Speak with our dedicated specialist to find out more.
Conveniently and securely bank cash with Business Deposit Card
No PIN required. No withdrawals and transfers. No balance enquiries allowed. Simply deposit your healthcare practice’s cash takings anytime at an OCBC ATM, skipping the need to queue at branches for cash deposits. This means that your business also saves money with lower fees compared to counter transaction and cash deposit fees at branches.
Grow It
As your healthcare practice grows, we’re here to support you throughout your medipreneur journey. Enjoy a healthy dose of unique opportunities, networking tie-ups, partner benefits and exclusive privileges as part of your relationship with us.
Get the all-in-one Medi Business Account
Get a Medi Business Account† with only a low initial deposit required, and unlimited free FAST & GIRO transactions.
† Subject to bank’s approval.
Gain pre-qualification as an OCBC Premier Banking customer
Get the exclusive Premier Voyage Card, access to premium lifestyle privileges, invites to private wealth seminars by our OCBC Wealth Panel team – our team of top wealth experts from OCBC Group – and your very own personal relationship manager for wealth advisory to help grow your fortune. Committed to your long-term interests and personal goals, our dedicated team will offer you and your wealth the premier treatment.
Access to our dedicated Healthcare Specialist team
Whether you’re a general practitioner, medical specialist, dentist, or allied health practitioner who’s looking to start your own practice or thinking of expanding, our Healthcare Specialists are ready to help you navigate the challenges and address your needs in setting up, day to day operations and financing.
Medipreneurs qualify for a starter loan or expansionary financing without any business track record or financial statements required.
Minmed
Minmed, an integrated health provider, harnessed technology to provide a seamless online and offline experience for their patients. Find out how we helped Minmed to capture growth opportunities amidst the new normal and new challenges posed to the business.
A Plus Physiotherapy
Starting a business during a pandemic wasn’t easy, but with the help of the Healthcare Specialists at OCBC, A Plus Physiotherapy, was ready to operate in two weeks. Find out how our Healthcare Specialists helped to address A Plus Physiotherapy's needs in setting up and running their day to day operations.
Hip & Knee Orthopaedics
Dr Adrian Lau has always desired his own medical practice. Find out how we helped him.
"You guys know what you are doing. I'm very heartened to see that OCBC has such a holistic package that helps doctors like me start out smarter and more efficiently." Dr Matthew TanEndocrinologist, Matt Diabetescare Pte. Ltd.
"As a first time entrepreneur, I am very pleased and grateful that OCBC has a healthcare team to assist me on various banking matters to help with my company set up while I can focus on handling my hectic treatment schedule" Dr Lim Yan LeiTCM Practitioner, Heartcore TCM Pte. Ltd.
"This is a really good package, especially the loans. My most pressing needs in setting up a clinic was finding the right location, followed by the costs required for rental, renovation, operations, and purchasing drugs and equipment. OCBC provided a holistic package for setting up a clinic. I will definitely introduce this package to my peers in the healthcare industry." Dr David Eu Chin YuanGeneral Practitioner, River Of Life Medical Pte. Ltd.
No matter the size or stage of your business, we can support you every step of the way.
Starting a business?
If you are starting your business for the first time, join us as an OCBC Business Banking customer by opening a business account. Or contact our healthcare specialist to help you get started on the right foot and to digitalise your business.
Open a business account
Growing your business?
Whether you are expanding your range of services or your footprint, we offer industry insights and solutions to help you grow and scale. Contact us and our Relationship Manager will be in touch.
The OCBC SME Index* is a high-frequency index measuring the business health and performance of SMEs. The healthcare industry continued flat lining at 50.4, caused primarily by weaker performance of the distributors. Year on year, collections for the distributors dropped 18% from the high in 2021 led by Covid-related supplies and could be signalling a reversion of demand to pre-pandemic levels.
Whether you are a general practitioner, medical specialist, dentist, or allied health practitioner, you can count on our business solutions and Healthcare Specialist team to provide you with a healthy dose of business insights and support.
Healthcare continued flat lining at 50.4, caused primarily by weaker performance of the distributors. The industry continued to be weighed down by Healthcare Distributors at 48.1.
Healthcare continued flat lining at 50.4, caused primarily by weaker performance of the distributors. The industry continued to be weighed down by Healthcare Distributors at 48.1.
Healthcare continued flat lining at 50.4, caused primarily by weaker performance of the distributors. The industry continued to be weighed down by Healthcare Distributors at 48.1.
Healthcare continued flat lining at 50.4, caused primarily by weaker performance of the distributors. The industry continued to be weighed down by Healthcare Distributors at 48.1.
*OCBC SME Index is centered on a score of 50, which represents zero change in the inputs from a year ago. A reading above 50 indicates improved activity, while a reading below 50 indicates a deterioration relative to the same period a year ago.
