Starting up one medical business is a challenge, but the Allojus were setting up two. Dr. Sindura Alloju as Founder, President and CEO of Balance Diabetes and Endocrinology, LLC and Dr. Shashi M. Alloju, Founder, President and CEO of Eye Health Texas, quickly recognized the need for experience and a true partnership in managing the complexities of banking in the medical field.
“EyeHealth Texas and Balance Diabetes and Endocrinology, are two physician owned solo private practices, founded in 2015 and 2017. Due to the costs and complexities of running a medical practice, it was imperative to find a reputable bank with a history of fostering relationships with small businesses. Texas Republic Bank has been an outstanding partner for us in this endeavor, with their personalized approach and outstanding service.”
-Shashi Alloju, MD-Founder, President & CEO, EyeHealth Texas, PA
-Sindura Alloju, MD-Founder, President & CEO, Balance Diabetes and Endocrinology, LLC
The problem facing the Allojus, and many other medical professionals also running their own provide medical practices is the inability for many banks to be able to develop banking services and plans to meet their needs.
In this case, both doctors were busy in working directly in setting up and marketing their practices, managing the practice and also working with staff and patients. The demands on the time of these medical experts make a trip to the bank during business hours an impossibility.
Additionally, and this is an important factor for many business professionals in the medical field, both doctors had limited business background experience. They had spent their time in learning how to work with their patients, not how to manage the day to day tasks of being business owners as well as medical professionals.