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Physicians Insurance Agency of Massachusetts Partners with
Banc of America Practice Solutions™
(Waltham, MA, May 2007) — PIAM, a subsidiary of the Massachusetts
Medical Society, has partnered with Banc of America Practice Solutions™,
a subsidiary of Bank of America, to bring practice financing to Massachusetts
physicians. With over ten years of unparalleled practice finance experience,
Banc of America Practice Solutions™ understands the needs of a medical
practice, providing an easier loan process, less paperwork and faster turnaround,
with many products tailored just for physicians. As an added benefit, any
member of the Massachusetts Medical Society will receive a reduction in loan
administration fees.
The program can help with many aspects of a medical practice’s
needs including new practice start-ups, equipment and Electronic Health Records
(EHR) financing, practice sales and acquisitions, practice improvement financing,
debt consolidation and commercial real estate financing.
According to Kathleen Schroth, Vice President of PIAM, “Medical practices
need to think more like businesses, and access to a quality commercial lender
who understands the needs of the healthcare setting should be part of successful
practice operations.”
Practices interested in learning more about how Banc of America Practice
Solutions™ can assist with any of these services, and how they can
get reduced loan administration fees as members of the Massachusetts
Medical Society, can call toll free (800) 497-6076, Monday through Friday,
8a.m. to 8p.m., Eastern Time and mention code 1D7F3.
Your patients trust your expertise. You can trust ours. Banc of America
Practice Solutions™. PIAM was established in 1993 by the Massachusetts
Medical Society to address the special insurance and financial needs of doctors.
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