BMO announces collaboration to support health and wellness professionals

The new venture is geared to help health and wellness professionals engage in the gig economy

BMO announces collaboration to support health and wellness professionals

Many workers and retirees are turning to the gig economy as a source of supplementary income, and those in the health and wellness sector are no exception. With that in mind, BMO and Toronto-based health technology company MediSeen have launched a collaboration to help such professionals.

Aside from giving healthcare industry professionals a chance to deliver care more flexibly, the gig economy also offers them the potential for greater control over how they work. Under the new collaboration, BMO will work through MediSeen’s mobile-care practice management software to provide health and wellness professionals with a comprehensive suite of financial products and services that address their practice and personal needs.

"At MediSeen, we're here to make a difference and drive change in Canada's healthcare system," MediSeen founder and CEO Daniel Warner said in a statement. "Part of bringing about that change is ensuring that the health and wellness providers on our platform have the tools and resources they need to fully function as the CEOs of their own mobile practices.”

With BMO, health and wellness professionals on the MediSeen platform can access:

  • Financing to grow a mobile practice – Health and wellness professionals can tap into tailored financing options to tap extra funds they may need to purchase items for their on-the-go practice
  • Cash management solutions – customized solutions that help health and wellness professionals with mobile practices take control of day-to-day finances and run their business more efficiently
  • A one-stop shop for all banking needs – health and wellness professionals may also gain access to preferred rates on personal mortgages, personal lines of credit, and customized financial-planning and wealth-management needs

“BMO has over 20 years supporting healthcare professionals – whether they are just starting out, established in their fields, or anywhere in between," said Romal Bryce, head, Healthcare Financing, BMO Bank of Montreal. “We're seeing a shift unfold in the industry where some healthcare professionals are turning to the gig economy, and we want to help. Alongside MediSeen, we're working to make sure these professionals have the right financial tools as they build their practices, their way.”

The announced collaboration between BMO Wealth Management and MediSeen has come on the heels of similar news from TD and CIBC, which each have their own lines of financial products and services geared toward the unique needs of Canadian physicians.


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