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Latest Announcement | Events
Sunday, June 8, 2025 | 8am PST/11:00am EST (4hrs FREE CEs)
Explore the latest advancements in diagnosing and treating anterior segment conditions, from cutting-edge technologies to innovative treatment protocols that can set your practice apart.
✅ Focus On Financials: Managing Your Practice Like a Pro (97370-PM) Mick Kling, OD | CE Hour 1
✅ From Vision to Reality: Cold Start & Purchase Essentials Checklist and Practice Financing Strategies (98036-PM) Aaron Neufeld OD & Michael Smith | CE Hour 2
👥 Expert Discussion Panel: Part 1 ($200 Cash Raffle) | Aaron Neufeld OD & Michael Smith
✅ Thriving Beyond Vision Plans: Strategies for Independent Practice Success (96488-PM) Gina Wesley, OD, MS, FAAO | CE Hour 3
👥 Expert Discussion Panel: Part 2 ($400 Cash Raffle) | Gina Wesley, OD, MS, FAAO & Adam Cmelja, CFP
✅ Financial Foundations: Essential Planning Basics for Practice Owners (97985-PM) Adam Cmelja, CFP | CE Hour 4
👉 ODs on Finance Member Rate: FREE | 🎥 Recording AVAL TO REGISTERS ONLY x 4 weeks
Sunday, July 13, 2025 | 8am PST/11:00am EST (4hrs FREE CEs)
Myopia Management Summit: Practice Growth
Discover how to effectively integrate myopia management services, market your expertise to patients and parents, and create a sustainable, long-term revenue stream that addresses the growing global myopia epidemic while significantly boosting your practice's profitability.
✅ Upgrading your Myopia Management Practice: Soft Contact Lens Modalities & Fee Structures (90647-CL) Andrew Neukirch, OD | CE Hour 1
✅ Myopia Management: How to Maximize Staff, Equipment, and YOUR efforts! (Pending) Ashley Wallace-Tucker, OD, FAAO, FSLS | CE Hour 2
👥 Expert Discussion Panel: Part 1 ($300 Cash Raffle) | Andrew Neukirch, OD & Ashley Wallace-Tucker, OD, FAAO, FSLS
✅ Building the Case for Ortho-K: Essential Strategies and Practical Tips for Success (94879-CL) Anith Pillai, OD, FSLS, FIAOMC | CE Hour 3
👥 Expert Discussion Panel: Part 2 ($400 Cash Raffle) | Anith Pillai, OD, FSLS, FIAOMC & Anita Ticak, OD, MS
✅ Advances in Myopia Management: Research Updates and Optimal Treatment Strategies (97375-GO) Anita Ticak, OD, MS | CE Hour 4
👉 ODs on Finance Member Rate: FREE | 🎥 Recording AVAL TO REGISTERS ONLY x 4 weeks
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LATEST ARTICLES
The Practice Owner’s Financial Overview: A Comprehensive Percentage Breakdown Guide of COGS, Operating Expenses, & Net
KEY POINTS: (1) Cost of Goods Sold (COGS) typically ranges from 26% to 32% of gross revenue, varying by practice focus (retail vs. medical). (2) Operating Expenses often break down into: Staff (18-24%), OD Payroll (14-20%), Occupancy (5-8%), and Marketing (1-2%). (3) Net Income falling within 27-35% of gross revenue indicates solid profitability and efficient…
Methods of Valuing an Optometry Private Practice: A Comprehensive Guide
Valuing an optometry private practice is essential for many purposes, whether it be the sale or purchase of a practice, partnership buy-ins, securing loans, or planning for retirement. Ultimately a practice sells for a price that both the buyer and seller deem to be equally fair. However, there needs to be a starting point. Determining a fair value requires a detailed understanding of the business’s financials, market conditions, and intangible assets. Here, we explore several commonly used methods for valuing an optometry private practice, each with its unique considerations.
Optometrist 📊 Income Report 2025 | Largest Sample Size 2,203+ ODs
We’re thrilled to share our largest Optometry Income & Salary Survey yet-2,203 doctors provided insights on key factors like student loan ROI for students, fair compensation, and the true impact of annual income on our profession. This year, we normalized earnings by days worked to give a clearer picture of each OD’s real income potential. What You’ll…
Annual Report 2024: In Review, and a Look at 2025!
Overview Dear ODoF Community! Can you believe it’s already one month into 2025? First, we would like to acknowledge that annual reports normally go out at the beginning of the year, however with so many moving parts and exciting projects we had to delay this a bit – our apologies in advance! In 2024, we…
16 End-of-Year Financial Checklist For Optometrists in 2024
As 2023 draws to a close, it’s vital for optometrists to focus on financial planning for a stable and prosperous future. This checklist, designed for eye care professionals, will guide you through key year-end financial tasks. While not every item may apply to your practice or personal finances, reviewing each one ensures you don’t miss important opportunities or obligations.
Retirement & IRS Limits Comparison: 2024-2025
As we approach 2025, retirement contribution limits including 401(k)s, 403(b)s, SIMPLE IRAs, SEP-IRAs, HSAs, and FSAs, have been adjusted modestly due to stabilized inflation rates. While catch-up contributions for those aged 50+ remain indexed to inflation, the IRS has postponed a Secure Act 2.0 provision requiring high earners ($145,000+ in Social Security wages) to make Roth-only catch-up contributions until 2026. Notably, starting in 2025, individuals aged 60-63 can contribute the greater of $10,000 or 50% more than the standard catch-up amount, providing an opportunity to boost retirement savings during peak earning years.
What Should I Do First? A Complete Step-By-Step Guide For Optometrists
Here is a “Guideline” list of financial steps that we hope will get you started, but should be adjusted to your own personal situation as an optometrist.
10 Practical Strategies to Pay Off a $221K+ Optometry Student Loans in Less Than 5 Years (Updated for 2024)
KEY POINTS: Avoid “Doctor Lifestyle”: Live like a student a bit longer to build financial stability, even after graduating. Shift Your Mindset: Stop making excuses and take charge of your financial future by learning and applying financial principles. Refinance Loans to a lower rate with a goal to pay it off in 5-10 years. Stick…
Overview of the Optometry Student Loan Market: June 2024
With the incoming class of new optometry doctors entering the profession last month, new graduates today are facing a steeper hill regarding their student loans. The latest 2023 Optometry Income Report shows an average student loan debt of around $230,000, with about 8% of doctors having a debt burden exceeding $300,000.
2024 Optometrist Income Report
With increasing student loan debts, an ever changing economy, and a profession that continues to withstand disruption – many optometrists begin to question their associated worth as practitioners. While the old phrase “comparison is the thief of joy” rings true in certain facets, comparison to get a true sense of trends in salary, debt load…
Annual Report 2023: In Review, and a Look at 2024!
In the next reading, you’ll discover metrics that mirror our community’s overall progress, along with the resources and offerings this growth has enabled us to continue providing. Next, we’ll transparently outline the methods ODs on Finance employs to generate revenue. Lastly, we’ll offer you a sneak peek at some major projects we’re embarking on for 2024, aiming to further our profession and assist every OD in achieving financial freedom.
The Optometrist’s Guide To Student Loan Refinancing
Optometrists often accumulate multiple loans from federal and private lenders to fund their doctor education, which results in an average debt load of $220,000. The majority of these loans are federal loans which have an average interest rate of 5.5-6.8%.Then the majority of doctors will end up refinancing their student loans to save thousands of dollars in interest. Here is your comprehensive guide to the student loan refinancing process and understanding how underwriting works.
How To Achieve Over 90% Capture Rate With Retina Widefield Script
As practitioners, we understand the importance of retinal imaging, and we need to be able to clearly explain that value to our patients. I’ve found that communication is key with patients – before, during, and after their appointments. This helps to eliminate any questions, and it ensures that they’re not only on board with the…
Creative Approaches To Acquire An Optometric Practice
Approaching the acquisition of your first practice with a little creativity may open up additional opportunities for acquisition at a more reasonable cost of investment. We are all used to the approach of identifying a practice for sale and buying it. Gone are the days when banks easily lent money, that borrowed cash was affordable, and the price of practices for sale was attainable to a new solo practice optometrist
Overcoming $153,242 Student Loan Debt in Four Years Working in Corporate Optometry
Hello, I’m Dr. Ayana Pierre O.D, and I graduated from NSU in May 2019. I chose the path of corporate optometry and currently practice in Central Florida. Working about 4.5 days a week, I’ve been fortunate to earn a gross income of approximately $250,000 last year. This achievement has been a blessing, providing me with not just financial stability but also the flexibility to manage my schedule effectively.
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