MedAxiom Announces Industry Partnership with Presidential Bank

12/9/2021

Presidential Bank offers responsive, collaborative service tailored to the needs of each customer


MedAxiom, the cardiovascular community’s premier source for organizational performance solutions, is proud to announce its industry partnership with Presidential Bank, which provides financing to qualified individuals and entities starting, owning or managing ambulatory surgery centers (ASCs) or Office-Based Labs (OBLS) anywhere in the U.S.


“Presidential Bank’s experience in the ASC/OBL market will be valuable to our members whether they are looking to build a new facility or expand an existing one,” said Joe Sasson PhD, MedAxiom’s EVP of Ventures. “With the regulations and reimbursements for ASC/OBL procedures moving faster than most programs’ capital allocation plans, the ability to secure advantageous financing is critical to implementing novel patient care strategies. We are excited to welcome Presidential Bank as a MedAxiom industry partner and bring their expertise and offerings to our membership community.”


Being a leader with specific expertise, Presidential Bank formed the "National ASC Medical Finance Group, a Division of Presidential Bank FSB" to offer lending opportunities and other banking services in the ASC market. This group has in-depth knowledge of the risks associated with developing a new surgery center, the equipment and technology needed, as well as reimbursement issues and government regulations. Services include financing for equipment, tenant improvements, working capital, and medical office buildings.


“Presidential Bank is excited to be an industry partner with MedAxiom,” said Robert Giraldi, Executive Vice President and Chief Lending Officer. “Our National ASC Medical Finance Group led by Tim Vertz, focuses on building strong relationships with the MedAxiom membership community providing solutions that drive better outcomes while helping to lower costs and improve patient and clinician experience. We are committed to providing affordable and flexible capital, while developing long-term partnerships with MedAxiom and its members.”


Presidential Bank is transforming cardiovascular care by partnering with physicians and hospitals to build new, and expand existing, surgery centers. They also work with Physician Practice Management Companies that that partner with physicians, as well as large subspecialty groups to build or expand their ASCs.

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