Sterling Bank Plc, Nigeria’s leading lender to the healthcare industry, and the Healthcare Federation of Nigeria (HFN) have signed a Memorandum of Understanding (MoU).
This will enable the bank to provide finance for further digitization of operations of members of HFN as well as offer financial advisory services to them.
Speaking at the signing in Lagos, Divisional Head, Health and Education Sectors, Sterling Bank, Mr. Obinna Ukachukwu said the bank hopes to achieve digitisation, financing and financial advisory services for members of HFN.
“We have been working on it for some months now and the goal is to see how we can upgrade every healthcare operator from manual record keeping to a digital system,” Ukachukwu said.
According to him, Sterling Bank has always felt that one of the challenges facing the healthcare sector is the lack of proper documentation or inability to keep suitable records of operations. This state of affairs has made it difficult for financial institutions to examine the books of healthcare practitioners in a transparent manner.
Sterling Bank, HFN Sign MoU On Digitisation
“We are trying to introduce transparency which will enable HFN members to have access to finance at different levels and we are optimistic that this would help scale up the industry,” Ukachukwu said.
She described the MoU as another step in the right direction and a huge step for all healthcare practitioners because the terms that Sterling Bank is giving them are exceptional.