- Merchant Services (credit card processing) - Bank of America, Merrill Lynch is the #1 rated electronic payment company in the industry designed to protect client card data, reduce PPI compliance burden, and minimize employer liability.
Advantages of Merchant Services: Designated Representatives: There is no 1-800 number. Bank of America, Merrill Lynch’s offers designated representatives to work with members and answer any questions or concerns they may have.
Compliance: Covers annual PPI Compliance, which saves members approximately $200 per year.
Virtual Credit: $100,000 virtual credit if there’s ever a breach or violation.
Access to funds: Access to funds as soon as the next business day!
Cost Savings: Costs per member are approximately 0.0005% - 0.0010% per transaction with a $15.95 monthly fee. There is no settlement/batch fee. These are significantly lower than the industry average.
Best Pricing: If Bank of America, Merrill Lynch is unable to beat a member’s current pricing, they will pay them $500.00.
- Health Savings Account - Health Savings Account Program with a 97% retention rate.
Compatibility: Pair with any High Deductible Health Plan. If the member switches insurance providers, the HSA rolls over to the new plan.
Individually Owned: The HSA is individually owned by the participant. It moves with you, the participant.
No Annual Reset: Money in the plan rolls over from year to year.
Triple Tax Savings: Contributions are made tax free, interest earned on invested assets are tax free, and money taken out for eligible expenses are distributed tax free!
- Practice Solutions Group (lending, practice sales/acquisitions, buy ins/outs) - Bank of America, Merrill Lynch’s Practice Solutions Group is the #1 lender to medical professionals nationwide. Through this partnership, members will enjoy special financing opportunities to assist with each phase of their practice.
Advantages of Lending through the Practice Solutions Group:
New Office Startups: Get started with up to 100% project financing* (subject to credit approval) including design, construction, equipment, and working capital.
Practice Sales and Purchases: A team of specialists provide the experience and industry knowledge you need for buying and selling a practice.
Business Debt Consolidation: Improve member cash flow.
Office Improvement and Expansion: Remodel, refurbish, or expand.
Owner-Occupied Commercial Real Estate (OOCRE): Choose from a suite of comprehensive real estate loan options to buy, refinance*, or relocate, with 51% owner occupancy required.
Equipment Financing*: Choose from a variety of options and flexible terms tailored to help meet your needs.
Doctor Loan: Special rates and low down payments are available for Physicians who are seeking a mortgage. *Competitive terms on practice sales and purchases, office improvements and expansion, loans up to $5 million, and flexible repayment options.
- Wellness Program - Throughout our financial lives, we will experience new life priorities – some planned, some not. Bank of America, Merrill Lynch can help members and their employees prepare for those critical times of personal and financial change.
Advantages of Financial Wellness Programs:
Education: Teaches employees how to manage their finances in every phase of their lives; this program grows with the employees as they grow.
Tools: Employees have online access to educational resources and financial planning tools.
Access: One-on-one conversations with financial advisors to answer questions and aid in financial planning are available.
Presentations: Online presentations as well as in-house presentations are available for employers to offer their employees.
E-communications: Electronic communications are provided to help keep members informed about the ever evolving financial landscape. *This benefit is offered at no additional cost through our retirement plan benefit.
Financial and Retirement Planning - The Lovell Group has over 35 years of combined experience helping individuals with their financial and retirement planning needs, and they hold several advanced financial designations. Whatever your financial goals are or if you simply want to know how you’re positioned as you move towards retirement, they are available to help.
Advantages of Financial and Retirement Planning:
Complimentary Advice and Guidance: Financial and retirement planning, estate planning, portfolio reviews, life insurance policy reviews, and other services are available complimentary to members.
Simplification: Learn how you can organize and simplify your financial life.
Helping You Connect to a Better Financial Future: This includes helping you put a plan in place to achieve your financial goals, understand how you are positioned as you move into retirement, take steps to mitigate financial worries that may be keeping you up at night, and plan for the transition of your business with what matters most to you and your family.
THE NATION’S LEADING VACCINE BUYING GROUP SUPPORTING IMMUNIZATION EFFORTS FOR ALL FAMILY PHYSICIANS
LAFP has formed a partnership with vaccine purchasing program Atlantic Health Partners to save family physicians money when purchasing vaccines and advocate on behalf of family medicine practices among manufacturers and payers. There is no cost for LAFP members to enroll in the program and enrollment is voluntary.
By working with leading vaccine manufacturers Merck, Sanofi Pasteur, Pfizer, Dynavax and Seqirus, Atlantic Health Partners offers the most favorable pricing, payment, and purchasing terms for a large array of pediatric, adolescent, adult and influenza vaccines. In addition to lowering vaccine costs, practices can better manage their inventory and cash flow as they are not required to make large, multiple product orders.
Atlantic Health Partners program now offers one-stop shopping for Sanofi, Merck and Dynavax vaccines. Atlantic has helped many LAFP members strengthen their immunization performance by taking an active role in providing reimbursement guidance, advocacy, and timely updates. We strongly encourage you to contact Atlantic to determine how they can best support your immunization efforts.
The Core Content Review of Family Medicine is a unique educational resource for family physicians and other primary care professionals who desire a comprehensive, practical and affordable home-study program for earning continuing medical education (CME) credit or preparing for Board examination. Click here for details!
The LAFP is pleased to offer our members the opportunity to take advantage of the Staples Business Advantage Program. Practices can now receive exceptional pricing on everything you need to support your office or even your home, at no cost to you.
- Office Supplies
- Cleaning Supplies
- Medical Equipment
- No cost dispenser programs- even for your Keurig!
- Access to specialist in the areas of technology, furniture, chemicals areas, plus a designated account manager.