Healthcare Providers Keep Bankers Healthcare Group Fit in 2010

Mar 09, 2011, 16:47 ET from Bankers Healthcare Group

SYRACUSE, N.Y., March 9, 2011 /PRNewswire/ -- Bankers Healthcare Group celebrates a winning year in 2010 as they continue to provide fast financing solutions to hundreds of healthcare providers.

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Bob Castro, President of BHG stated, "Over the past two decades, we have had the good fortune of serving the financial needs of thousands of healthcare providers across the country. Thanks to our loyal clients, great employees and a substantial investment in our user-friendly web technology, we anticipate continued success."

Receiving over half a billion dollars in healthcare provider funding requests in a year's time is not an easy task.  It takes expertise, a stream-lined operation and a team that understands their clientele inside and out.  This, in turn, takes time.  Having worked with medical professionals for two decades, BHG has learned many things.  To continue to achieve double-digit growth, they must secure the best human capital, live in the healthcare provider's world and invest heavily in technologies to support the demands of BHG's unique business model.  To date, BHG has invested over $2.4 million in a new telephony system, customer-centric web enhancements and overall infrastructure to better serve their clients.  This coupled with the addition of several new key management positions represent only a portion of BHG's recent improvements to further ensure customer satisfaction.

Last year was a very successful year for BHG overall.  Not only did they provide working capital to healthcare providers, they expanded their partnerships as well.  This partnership expansion enabled BHG to deliver a greater variety of financing options.  The ability to offer multiple financing solutions fast (average turnaround time in 2010 was 4.2 days) was paramount to BHG's client retention.  In fact, two of these respective partnerships generated approximately $40 million in additional funding for BHG's borrowers.  

Albert Crawford, Chairman and CEO of Bankers Healthcare Group added, "Looking back at 2010, I am proud of BHG's stellar growth and continued excellence in providing quality loan service to our valuable clients.  2011 will be even more exciting for our company as we strive to meet the diverse  financing needs of our country's healthcare professionals with new custom tailored programs and solutions.  We look forward to serving our valued clients for many more years to come."

About Bankers Healthcare Group, Inc.

Since 1992 Bankers Healthcare Group, Inc. has been providing working capital for healthcare professionals of all specialties throughout the United States.  Our growth and success is attributed to our business model, built and designed to support the needs of our customers.  With a proven track record of success, Bankers Healthcare Group was ranked as the 5th Fastest Growing Private Company by Inc. Magazine in 2005, and was again recognized in 2007, 2008 2009 and in 2010.


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SOURCE Bankers Healthcare Group