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Latest Announcement | Events
While we know C/D to stand for cup to disc, why can’t it also stand for cents to dollars? In this CE event we’ve recruited five of the top glaucoma ODs to talk about exciting updates in glaucoma treatment and surgery, as well as best practice in billing/coding in order to maximize reimbursement. Learn how to build your glaucoma patients base in the best way possible and make sure your cup is full - but not notched.
✅ CE Hour 1 - Building a Glaucoma Practice: Combining Standards of Care with Billing & Coding (COPE #82763-PM) | Kyle Klute, OD
✅ CE Hour 2- Innovations in MIGS: The OD’s role (COPE #82527-GL) | Justin Schweitzer, OD, FAAO
✅ CE Hour 3 - The Role of Laser in the Treatment of Glaucoma (SLT & Laser PI) (COPE #83144-GL) | Nathan Lighthizer, OD, FAAO
✅ CE Hour 4 - Glaucoma Gauntlet: Managing Cases from Diagnosis to Treatment (COPE #80598-GL) | Mitch Ibach, OD, FAAO
✅ CE Hour 5 - Optimizing glaucoma therapy: anticipating, mitigating, and addressing adverse events (COPE #83738-PH) | Jessica Steen OD, FAAO
ODs on Finance Member Rate: FREE | Recording will be only be available to registrants for 2 weeks
We are excited to invite optometrists of all levels to join us at the first ever OD-Financial Summit, a rare opportunity to learn from financial experts on how to transform the way you approach your financial future. In this summit, we will explore various topics including financial planning, investments, tax strategies, debt management, and much more. Our expert speakers will provide practical tips and insights to help you make informed decisions about your financial future and achieve your long-term goals. Whether you are just starting your career as an optometrist or looking to take your financial planning to the next level, this summit is for you. Join us and take the first step towards financial success!
✅ How To Manage Your Student Loan as New Grad OD & Financial Checklist | 30mins (Patrick Logue CFP)
✅ Associate Contract Negotiation Basic 101 & How to Attract The Best Candidate As An Owner | 30mins (Chris Lopez O.D)
✅ Retirement & Investing 101 and The Importance of Insurance | 60mins (Adam Cmejla CFP)
✅ Basic Tax Overview 101 for New OD Grad | 30mins (Joe Erickson CPA)
✅ Advanced Tax Strategies For Owners & Entrepreneurs | 30mins (Aralsan Ashraf CPA)
✅ To Buy or To Rent: The OD's Guide To Home Mortgage Financing | 30mins (Lee Raykovicz O.D)
✅ Business Financing 101: How to get the best rates for practice growth | 30mins (Mike Smith-Bank of America )
✅ Essential Legal Tips For Optometrists | 30mins (Ali Oromchian, J.D)
✅ How To Prepare For Practice Transition As an Owner | 30mins (Natalie Hayes CFP)
ODs on Finance Member Rate: FREE | Recording will be only be available to registrants for 2 weeks
Join the Conversation on Optometry's Largest Finance Focused Forum:
LATEST ARTICLES
6 Massive PSLF Changes + 3 Student Loan Tips for Optometrists
On Wednesday Oct 6, 2021, the US Department of Education announced a massive overhaul to their 10-year Public Service Loan Forgiveness Program, essentially affecting all optometrists working for non-profit clinics like VA, IHS or non-profit universities.
3 Important Steps to Do Due Diligence For a Successful OD Practice Purchase
Purchasing a practice is an exciting yet daunting process for both new grad and seasoned optometrists alike. One of the reasons purchasing a practice is so daunting is due to the uncertainty that comes with becoming the new owner of an existing business….Due diligence methodology for purchasing an optometric practice has been nearly universally defined by prominent valuation experts in the field. This is the 3 methodology that we will be discussing.
8 Dos and Don’ts When Purchasing an Optometry Practice
Practice ownership is often heralded as one of the pinnacles of an optometric career. Having ownership of a practice often allows for higher income, and more importantly: freedom and autonomy to practice as one sees fit. In my career, I have had the privilege of buying my own practice as well as helping others through the buying process… So whether you are a newly minted graduate looking to begin your legacy, or you are a seasoned veteran looking to acquire another piece of your empire – use these points to help guide you towards your next big purchase.
3 Optometry Job Contract Red Flags to Watch Out For
Reviewing contracts can be tedious, challenging, confusing, and flat out exhausting. However, the contract review and negotiation phases of the career search journey are arguably the most crucial steps in the entire job search process. This could set you up for huge financial success early on in your career, or it could keep you stuck at an office where you would rather not work any longer out of fear of breaching your contract. We tend to focus on compensation because it’s easier for us to understand as compared to legalese. However, I would argue that the non-salary contractual items are equally, if not more, important than wages. This article will briefly discuss three non-salary red flag items to be aware of during your contract review.
7 Takeaways for Optometrists From Biden’s Extension Of Student Loan Relief
Last Friday afternoon, Biden announced that he will extend the student loan moratorium (which was supposed to expire at the end of September 30,2021) to a new date of January 31, 2022. Benefits include suspended payments (forbearance) and frozen 0% interest from March 2020. While there are a lot of moving parts, here is what you should be aware of if you are an optometrist with federal loans:
6 Ways Optometrists Can Reduce Disability Insurance Premiums
In today’s world there are so many things we need to get in place to help protect ourselves and our families; yes, optometry disability insurance is one of them. Here are 6 ways optometrists can reduce disability Insurance Premiums
7 Ways to Buy Your First Home with an Investor’s Mindset
In March 2021, my fiance and I made the largest purchase of our lives, we bought our first home in the Bay Area CA, specifically in the East Bay Area. No, this article isn’t about us celebrating the idea of having our “forever” house, but more about the vital decisions and mindset that we had to enforce to start building our RE Investing portfolio. Here are 7 strategies on how to buy your first home with an investor’s mindset.
7 Updates on Managing your Student Loans in Mid-2021
We are halfway through 2021 and close to 1.5 years since the COVID pandemic lockdown; but most importantly, we are approaching the end of the federal 0% student loan interest relief (set to end September 30th). Here are 7 important updates in the world of student loans to help every OD be financially successful!
5 Tips for Avoiding an IRS Audit For Optometrists
While an IRS audit can happen via random selection, in many cases, it’s the actions of the taxpayer that trigger the audit process. And that’s why we put together this helpful guide—outlining five common red flags. Understanding these triggers can save you a lot of potential trouble and anxiety.
How Much Profit Should Rental Properties Generate?
For real estate investors, the ultimate goal is obviously profit. However, one of the most common questions people have when considering investing in a rental property is: how much profit should expect? This article will help you to estimate your potential profit on a particular property investment. There are a number of variables that should be considered whenever estimating profit. It is also important to remember that every market is somewhat different. However, ultimately, there are a handful of core questions that can be asked to help estimate potential profit.
Boosting In-Office Revenue (Virtual Webinar)
Growing a practice and keeping it profitable requires an ever evolving mindset that embraces both technology and creativity. In this panel discussion with industry experts Dr. Ryan Gustus, Perry Brill and Steve Alexander; we discuss implementation and execution of strategies ranging from materials sales to insurance. The following key questions and points are covered: Speakers…
Ten Things Every OD Should Know About Crypto
As a company and forum founded in the fundamentals of investing, ODs on Finance has always sought to educate its audience on tried and true, historically and statistically proven investing strategies. However, in the modern age we are living in, the landscape of investing is changing. The relatively new asset class of cryptocurrency has raised a conundrum of mixed opinions and for good reason. While cryptocurrency as a whole lacks intrinsic value, and is tough to justify as an investment (based on the traditional definition of an investment); its wild volatility fueled by speculation has the capacity to make individuals extremely rich or dirt poor.
8 Financial Mistakes that New Optometrists Make
The average new optometrist graduates at an average age of 28 year old (significantly behind non-OD peers in terms of income generation), with an average student loan debt of over $220,000+, with little or no retirement investments. Often new grad optometrists find themselves practicing in oversaturated cities and most importantly without any formal financial education. This is the perfect storm that often leaves many doctors mentally overwhelmed and prone to devastating financial mistakes. In this article, we will address 8 common financial mistakes that new OD graduates make and how you can avoid them to be financially successful.
5 Things to Avoid During Your Career Search
We’re well into 2021, which means that we’ve moved past the dreaded year-that-shall-not-be-named and fourth year optometry students are nearing the finish line. The end of the school year means that most OD students have jobs lined up, are in the interview process, or are currently applying to jobs (at least they should be!). In the spirit of beginning the journey that is our optometric careers, the ODs on Finance team and I have come up with a brief article that highlights a few “DO NOTs” of the job search and how to address them.
ETFs vs. Mutual Funds
Wouldn’t that be great if investing was as interesting as a pay-per-view UFC fight? Sadly, this is not the case. Investing is far more boring, and unless you give up a pretty penny, we don’t anticipate Joe Rogan will be providing color commentary on your trades and unrealized gains.However, now that we have your attention with a cheesy two paragraph intro, let’s go through a two minute education on the difference between an ETF and an Index Mutual Fund.
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