Nitra Visa Card

Practice Financing for Ophthalmologists

The management of an ophthalmologist's practice can be incredibly complex. Every day, ophthalmologists make clinical decisions concerning their patients' eye care routines, the treatment of diseases, and the assessment of new treatment solutions and products.  Ophthalmologists' financial profiles are very interesting. Since many ophthalmologists own their own practices, they are both medical professionals and entrepreneurs.  All ophthalmologists have deep knowledge and experience in clinical decision-making, but if they own a private practice they must also manage the administration of personnel and business operations and make wise financial and investment decisions in order to ensure efficient operations and higher earnings. 

For ophthalmologists who are also surgeons and may have their own surgery center, management decisions can be even more complex.  It may require investment in tools and methods, all of which may change as medical practices evolve.  Using devices requires talent, time, and a certain level of market awareness on the side of doctors to understand what patients desire - requiring doctors to balance clinical decision-making with practical operations.

Practices must take into account the cost of the equipment, financing and other carrying expenses, maintenance contracts, consumable costs, and eventually the total cost to the patient. However, costly equipment can generate large returns on investment.

Examples of high end equipment used by ophthalmologists:

Device
Usage
OCT and Color Fundus Camera
automatically performs alignment, focus and capture with a single touch.
Perimeter
detects glaucomatous changes
Optical Biometer
pattern recognition to produce highly accurate and confident IOL predictions
Yag laser
to clear the frosting from the back surface of an intraocular lens

Finding a card that provides advantages and special discounts for the equipment and supplies that ophthalmologists purchase most frequently is particularly important because many ophthalmologists require high spending limits on their cards. In order to ensure that your financial situation is as flawless as your patient’s vision, Nitra created the ideal business Card for ophthalmologists - powered by Visa.

At Nitra, we are aware that opening a new ophthalmologist practice or growing an already established one is an expensive task. The Nitra Card is a business card that offers exclusive advantages and purchasing power for ophthalmologists. It enables ophthalmologists to earn rewards on all of their medical spend, including expensive equipment.  This empowers you to make the purchases you need to provide the patient care and experience you require.

While many credit cards and business cards appear similar, subtle nuances can have big financial repercussions.

Chase Ink
Amex Business Platinum
Cap One Spark
Annual Fee

$0

$0

$695

$150

Rewards Multipliers

Unlimited 1.5%

Unlimited 2.2% on medical, 2% on select business and dining, 1% all other

5X on Amex Travel, 1.5X on Electronic Goods, Software & Cloud System Providers, US Construction materials and hardware supplies, & shipping (up to $2M of spend)

Unlimited 2%

Statement Credit Redemption Rate

1%

1%

0.6%

1%

Interest on Rewards

x

3% (Coming Soon)

x

x

Employee Cards

Free

Free

Addt'l $300/card

Free

Virtual Cards

x

Free

x

Free

Receipt Match/Auto Reconcile

x

x

x

Dynamic Spend Limits

x

x

x

Card lock/unlock

Accounting Integration

Medical Offers and Discounts

x

x

x

Partner offers and promotions

x

Lounge Access

x

x

Fraud Protection

Extended Warranty

With so many possibilities for financing—installment loans, credit cards, merchant financing—and so many things to take into account, funding a medical business can be a difficult undertaking. But with the proper planning and working with the right organization, you can confidently accept the challenge and get the funding you require to expand your firm.

Financing should be viewed as an investment in your business’s future, so it's important to choose an option that will best fit your needs. With the right loan or card product in place, you can confidently move forward with your business goals and provide the best possible care for your patients.

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