Healthcare
Empowering Health Practices
with Financial Vitality
In the fast-paced healthcare industry, you need a banking partner that can keep up with your practice’s demands. At Thomaston Savings Bank, we know one size doesn’t fit all – we’re all about helping your business thrive with customized solutions to meet your specific needs. We support a broad scope, from private practice with a single practitioner to hospital health systems and everything in between. We understand the unique financial challenges healthcare providers face – from managing insurance reimbursements and billing cycles to financing cutting-edge medical equipment and facilities – and we’re here to help you stay financially healthy so you can focus on patient care.
Streamlined Revenue Cycle Management
Keeping your practice’s cash flow strong is crucial. Our comprehensive Treasury Management solutions help streamline your everyday operations and simplify cash flow management.
Receivables & Collections
Our Receivables & Collections services make it easier to receive and manage one-time and recurring payment flows from patients, insurers, and vendors across a range of methods, including check, ACH, wire transfer, and debit and credit cards.
Remote Deposit Capture
With Remote Deposit and Mobile Check Deposit, you can scan and deposit checks right from your office or phone, accelerating insurance reimbursements and reducing trips to the bank.
High Volume Payment Processing
For high volume payment processing, our lockbox service offloads the manual work of processing checks – so you get paid quicker while freeing up your staff for patient care.
Advanced Payment & Account Solutions
In today’s healthcare environment, convenience and security are paramount.
Online & Mobile Banking gives you 24/7 control over your finances – check balances, transfer funds, pay vendors or employee payroll, and even approve wire transfers on the go.
Account and Information Management tools, including real-time account monitoring and customizable user controls, keep you in command of your practice’s finances anywhere, anytime. Need to integrate financial data with your practice management or accounting software?
We help safeguard sensitive financial information with robust fraud protection services – from Check and ACH Positive Pay that monitors for fraudulent transactions to multi-factor authentication, protecting your practice’s accounts and your patients’ trust.
Flexible Financing for Growth
Whether you’re expanding a clinic, investing in new medical equipment, or navigating temporary cash flow gaps, our Commercial Lending team is ready to support your goals. With competitive rates and flexible terms, we customize each financing solution to fit your cash flow and repayment comfort, so you can invest in technology upgrades, hire additional staff, or launch new service lines with confidence.
We offer a range of financing options – business term loans and lines of credit for working capital or large purchases, commercial mortgages for new offices or facility expansions, and Small Business Administration (SBA) Loans for qualifying practices seeking competitive rates and longer terms.
Our Business Express Loan Program even provides quick funding up to $50,000 for urgent needs, with an expedited application and approval process to keep your practice moving forward.
Your Local Partner
in Healthcare
We pride ourselves on being a true community partner. We’ve built long-term relationships with healthcare providers across the region. No matter the size of your practice, you’ll have a dedicated relationship manager who understands the healthcare field and offers personal guidance.
As a community bank, our team is empowered to respond quickly and make lending decisions locally, avoiding the bureaucracy of regional and national banks that can slow you down. Plus, our convenient Connecticut locations mean you’re never far from in-person service, and of course we’re always just a phone call, email, or live chat away.
Ready to Heal Your Financial Pain Points?
Experience the difference of a bank that cares for your business as much as you care for your patients. Contact us to discuss how we can help improve your practice’s financial health – from optimizing your treasury management processes to providing the commercial lending you need to grow. We’re here to give you clear answers, stable solutions, and a healthy financial partnership that lets you focus on what you do best: caring for our community.
