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Business Loan | Commerical Financing | Equipment | Merchant Services
Bank Of America Practice Solutions
No matter where you are in the growth of your practice, it’s important to choose the right financing. At Bank of America Practice Solutions, we’ve been helping medical professionals achieve their goals for more than 20 years.
Our all-inclusive financing covers all of your needs — from office design and equipment installation to training, supplies and even working capital. We offer the following types of loans:
Optometrist Loan: Up to $5 Million
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✅ Cold Start-up | Practice Purchase Loan
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✅ Express Equipment Loans & Upgrades
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✅ Commercial Real Estate (Conventional and SBA) + Flexible Terms 7-20 Years
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✅ Renovations | Expansion Additional Locations
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✅ Merchant Services Directly by BofA.
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✅ Primarily all our loans are conventional financing, but we also offer SBA financing if needed (conventional financing offers lower rates & faster closing)
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✅ Flexible terms on loans between 7 – 20 years with industry low rates
Location Requirements: Eligible in all States
Contact: Michael Smith | Michael.Smith-11@Bofa.com | (480)-486-8912
Optical Lab
GSRX Optical
GSRx is the only value-engineered lens and coating expert that gives progressive, independent optometrists liberation from overpriced suppliers.
As a partner of GSRx through ODs on Finance, you’ll have access to
- ✅ Savings of up to 40% on premium products: All-in-one pricing across all materials with the aura™ portfolio of ultra-premium, free-form lenses with epik™ ND4™ pupil-optimized correction technology.
- ✅ Superior product technology: Premium lens, coating, and material technology with no hidden charges for things like power or prism.
- ✅ The best team on the planet: Experienced Customer Service and Partner Advancement teams located in the lab, dedicated reps in the field, and access to owners.
- ✅ Exclusive offers: Rebates on all products including VSP; and, incentives for uncut accounts.
- ✅ And so much more!
📧 Contact: Keith Posin, President | kposin@gsrx.com | (800) 833-4779
🖥 Schedule a Free Consult Online Today
Specialty contact lenses provide an amazing service to patients in need and also garner high out of pocket and insurance reimbursement payments. In order to truly become proficient with specialty contact lenses, we will learn about what conditions are best served with which specialty lens, how to fit these lenses and how to properly bill and code to achieve maximum profitability.
✅ Hour 1 -WaveFront Aberrometry in Clinical Practice (COPE Accredited #82932-GO) | Christine Sindt, OD, FAAO
✅ Hour 2 - Complex Corneas & Complex Practice Modality: Simplifying Medical Contact Lens Practice Into Simple YES/NO Scenarios (COPE Accredited #82622-PM) | Randy Charrier O.D., FAAO
✅ Hour 3 - Billing and Coding for Specialty Contact Lenses (COPE Accredited # 982685-PM) | Stephanie Woo, OD
✅ Hour 4 - Molding The Way You Think About Scleral Lenses (COPE Accredited #82668-CL) | Michael Wong, OD
ODs on Finance Member Rate: FREE | Recording will be only be available to registrants for 2 weeks
Overview: He’s back. Emerging from the hellfire cast upon him by a greedy vision care plan company, the Phoenix of Optometry emerges from the ashes of poor reimbursement with another exciting and lucrative look at growth strategies. Specifically, Will will dive into high level billing that can help your practice unlock a widening scope and in turn widening revenue. Additionally, Will will give us a look at strategies he has used to expand from one practice to seven practices over the course of two years. Strategies that will be taught:
✅ Advanced Vision/Medical Billing Tips
✅ Strategies For Growth + Revenue
ODs on Finance Member Rate: FREE | Recording will be only be available to registrants
Join the Conversation on Optometry's Largest Finance Focused Forum:
LATEST ARTICLES
2022 in Review, and a Look at 2023!
It’s hard to believe, but the year 2022 has vanished in the blink of an eye. This past year, we’ve had the pleasure of seeing ODs on Finance continue to grow and help ODs on their financial journey, whether they be new grads or seasoned veterans. We are thankful for your attention, your questions and your contributions. Two tenets that hold paramount value to us at ODs on Finance are transparency and productive growth. In this letter, we will highlight how our community has grown, the various methods we provide value to our community, exciting new projects/acquisitions for 2023, and a look at our commercial interests/disclosures – trust us, you’ll want to read this! Here is a quick recap of 2022!
6 Common Tax Mistakes That Optometrists Make
Optometrists are not trained in maximizing their tax benefits. Consequently, doctors who prepare their taxes themselves may miss many deductions they are entitled to take. I don’t know about you, but I want to take advantage of all the tax benefits I am entitled to. Following are six mistakes I see optometrists make that are costing them a lot of money in overpaid tax bills.
10 Things Your Optometry Lawyer Wants You to Know About
Putting yourself in the best position possible to be successful involves getting professional help, and an optometry attorney can be a vital part of your team of professionals.
Action Plan: What To Do with My Optometry Student Loans Before 2023?
Our inbox has been getting slammed with ODs asking for advice on what to do with their federal student loans as we get closer to the 0% forbearance expiration date of 12/31/22. Politics aside, based on the most recent federal news which removes a lot of uncertainty that we had last month, we are going to break it down with some actionable plans that optometrist can take:
The Optometrist’s Guide to Short Term Investing
With the recent volatile market and pending economic recession, many investors are looking to hold their cash in a relatively safe place, especially as our economy faces surging inflation. In this article, we will talk about short term investments and where we can place these funds, aside from just storing cash. What is a short-term investment?
What Should I Do First? A Complete Guideline Step-By-Step
Personal finance is called personal for a reason; it is just as much a science as it is an art (similar to prescribing glasses). But seriously, this is probably one of the most difficult decisions that a lot of doctor investors will face and has starved me of sleep a lot – simply deciding which…
The OD’s Quick Guide into Active & Passive Real Estate Investment
You’ve heard it again and again that real estate is an excellent pathway to accumulate significant wealth. However, you should also know that most real estate investors do not get rich overnight, as it can take years for investment properties to accumulate enough equity and generate significant wealth. The nice thing about real estate is that there are many approaches to make money and to do so either requires a lot of your time, or very little of it. Simply put, real estate investing can typically be classified as either active or passive investing. Let’s take a look at these categories to learn which may be the best fit for you!
Optometry Alliances/Buying Groups – Who to Choose and Why?
Dear ODs on Finance Members, Last week the OD community got some shocking news in their inboxes. One of the major players in the OD Alliance/Buying Group space – PECAA/HEA, was acquired by a large vision care plan which had recently rebranded. The acquisition was, well, met with extreme negativity. Doctors expressed chagrin that a company that…
2022-2023 IRS limitations for Optometrists
With inflation rising at all time highs, it definitely seem that the IRS is adjusting quite drastically for most of these accounts for 2023! While all of these limits might seem higher, remember that it is mainly keeping up with inflation, which the consumer index is estimated at 8%. in 2022. Please use these important limit to adjust your financial planning for 2023 especially for any retirement plans!
Health Insurance Basic 101 That Every Optometrist Should Know
Whether you are a New O.D or Seasoned O.D ….healthcare is changing every year. Working in the medical field, I thought I understood how health insurance worked, until I ended up in the emergency room for two hours earlier this year. We will teach how to understand 6 key terms and how they apply to your health insurance (Premium, Deductible, Co-insurance/Co-pays, Maximum out of pocket, Benefit caps & understand network options (HMO, EPO, POS, PPO).
3 Take-Aways That Optometrists Should Know About Biden’s Student Loan Debt Relief
On Wednesday, Aug 24, 2022, President Biden, along with the US Department of Education announced a three-part plan to help student borrowers with federal loans transition back to regular payments. In addition, we do want to let our members know that it took us a little while to gather our thoughts after the dust settled to address our community.. So let’s begin with the facts first and any questions that optometrists might have. PART 1: Final extension of the student loan repayment + 0% Interest pause forbearance until 12/31/2022
5 Tips for Growing a New Sublease Office
Building a new sublease office inside a retail store brings some unique challenges, but can be even more rewarding when you see your office thrive after years of hard work. Like any new business, attracting new patients may be a struggle at first. However, by engaging in a number of creative practices, I was able to grow this office from a patient base of zero to a thriving optometry office! Below, I will share the five strategies that formed the core of my success plan:
6 Tips for Utilizing Cost Benefit Analysis on a New Piece of Equipment
New equipment is always a temptation for practice owners, and for good reason. A cost-benefit analysis (or CBA for short) is a term derived from Lean theory and is an analysis of the expected balance of benefits and costs, including an account of any alternatives and the status quo. CBA takes into account your overall return on investment (ROI), however the approach is a little less black and white than might be expected. Let’s go through 6 important tips on utilizing CBA to its full extent in order to find whether that new piece of equipment should find its way through your practice doors.
5 Tips to Stand Out in Your Job Search
A commonly noticed trend has been noticed over the last few years – new optometry programs continue to pop up throughout the country. This directly leads to an increase in the number of graduating optometrists. Therefore, it is reasonable to assume that the job market for associate optometrists is becoming more competitive. In a competitive environment, job applicants must seek ways to stand out from their peers as leading candidates. Learn how to make an impact on employers and set yourself apart from colleagues on your way to success.
$182K in 2.75 years | Balancing Residency, Future Goals and Aggressive Loan Payoff with Dr. Andreas Zacharopoulos O.D
When we think about paying off student loans, it is hard to couple the ideas of finishing a residency and also knocking out student loan debt quickly. Simply put, a residency provides great experience but comes at a cost – a year of well-below average wages. Despite this hurdle, our Student Loan Success Story and active ODs on Finance member Dr. Andreas Zacharopoulos was able to knock out his debt and start setting himself up for financial success. In this article, Andreas gives us a detailed account of how he paid off his student loans and some helpful strategies for overcoming some common struggles in the quest for financial freedom.
For questions, please reach out to Aaron and Dat at Admin@ODsonFinance.com
MiSight 1 day
Myopia Control | Soft Contact Lens
Whether you're new or seasoned in myopia management, come get certified to prescribe MiSight® 1 day. Its science is strong. The approach is simple. Act now, change tomorrow.
- ✅ Only FDA-approved treatment for myopia control
- ✅ Easy for doctors, staff, and patients
- ✅ Gets the accelerated myopic eye growth back on track
- ✅ Backed by a first in class 7-year study
Schedule a demo by clicking here
Contact:
- ➡️ Justin Kwan, OD, FAAO | JKwan@coopervision.com
- ➡️ Felicia Timmermann, OD | FTimmermann@coopervision.com
