Practice Management and Profitablity
Owning a practice gives you the rare opportunity to truly control your career and financial destiny. The path certainly isn't easy and there are multiple ways to both success and failure. Learn some tips on how to make your practice thrive and become more profitable below:
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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…
16 End-of-Year Financial Checklist For Optometrists in 2023
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.
How To Achieve Over 90% Capture Rate With Optos/Eidon 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
Navigating the Path to Cold-Starting an Optometry Practice: A Journey of Passion and Persistence with Dr. Ashley Szalkowski
Driven by the desire for change and a fresh approach to eye care, Dr. Ashley Szalkowski shares insights into the process of establishing a thriving practice from the ground up.
Good vs. Bad Optometry Debt – 4 Ways to Use Good Debt to Your Advantage
That being said, debt can be a useful tool for achieving financial goals, but not all debt is created equal. Some debt can be beneficial, while others can be detrimental to your financial well-being. Let’s explore the difference between good debt and bad debt and how you can use debt to your advantage.
State of ODs on Finance: 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!
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.
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).