Recommended Practice Management Resources
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. Dat and Aaron are excited to partner with these recommended and trusted resources to make your practice a huge success!
Disclosure: Some of the links below are paid sponsors of this website. These recommended resources are heavily vetted and researched by us. We are extremely selective on who we want as sponsors because your trust in us is so vital for ODsonFinance to succeed. If you have feedback or concerns, please don't hesitate to contact us.
Financial Management and Consulting
Williams Group has been helping optometry practices for over 30 years. It is that experience that allows us to know how to shape your financial statements to reflect that of an optometry clinic. Your numbers will be updated daily and allow you to compare to national benchmarks for optometrists.
By also offering tax preparation, tax planning, and full-service payroll, we aim to take the busy work off your hands so you can focus on what is profitable to you, seeing patients.
Our fees update based on how your clinic is performing, so you will pay less if you go through hard times, and we will be motivated to help you and your clinic improve. And our payroll services are often cheaper than do it yourself payroll software, which doesn’t have our benefit of integrating the smallest details into your books
In addition to our financial services, we also can help you achieve the practice you've always wanted through our highly-customizable consulting programs. We’ll help you define your goals in every area of your practice and then co-manage implementation to help you achieve your desired results.
- Bookkeeping & reporting
- Full-Service Payroll
- Corporate & Personal Tax Returns
- Tax Planning
- Sales & Use Tax filing
- Business Personal Property Tax Return
- Practice Consulting Programs
Location Requirements: Eligible in all States.
Pay-Over-Time Patient Solution
ODs on Finance is proud to partner with Sunbit technology to help you upsell and increase your practice's revenue—easier.
- Attract more patients by offering to split their purchase across 3 months totally interest-free*
- Sell more with a 30-second process that approves 9 out of 10 people
- Retain more customers by providing a stress-free and modern shopping experience
Sunbit technology fits seamlessly into your in-office checkout process. It’s a fast, transparent, and stress-free way for customers to finance everyday purchases, while optometrists can earn more. Your practice gets paid in full for the transaction the next business day.
Schedule a demo today at optical.sunbit.com/demo
Website and Search Engine Optimization (SEO)
Specializing in Search Engine Optimization, Digital Marketing, Google Ads, and Websites. “Boost your digital presence and get more patients in your office,” with clean, modern, mobile-responsive websites and SEO focused on important optometry keywords to climb the ranks of search engines.
Ignite Medical focuses on website development and digital marketing to provide you with the BEST way to improve your visibility on Google and Bing. You’ll see your rankings steadily increase with our SEO marketing plans by focusing on important organic and local ranking factors. Our Pay Per Click (PPC) option is a sure fire way to get your practice on the first page of search results. We use PPC marketing as a method to compliment your inbound marketing, not a way to simply replace it.
Dr. Richard Zimbalist and the team at Ignite Medical has the experience you need to gain an edge on your competition through a variety of digital marketing platforms.
Contact: 573-340-3359 or email Rich at firstname.lastname@example.org
The Customizable Profit & Loss Spreadsheet that Every OD Practice Owner Should Have
By popular demand, here is a copy of my Profit and Loss Statement spreadsheet that I use at my offices. I track my income and expenses very diligently and this has made applying for programs such as PPP loans and COVID relief grants easier since I can compare changes in revenue year by year. In…
New Targeted $10,000 EIDL Grants: Do You Qualify?
With the initial economic shock of the COVID-19 pandemic back in March 2020, the Emergency Injury Disaster Loan (EIDL) and subsequent grant programs funded by the CARES act received a lot of buzz. In the first round of the EIDL grant, businesses were granted $1000 per employee of their business, up to a maximum of $10,000. Recently, congress has allocated another $20,000,000,000 in EIDL grants (advances) in the new stimulus to allow businesses who received less than $10,000 to qualify for the full $10,000 grant, minus any amount already received. Let’s take a look at EIDL grants and common questions regarding them.
Carotenoid Levels in Ocular Disease and Systemic Health (1 hr COPE CE Virtual)
We are ecstatic to host our first live CE event of 2021 with the Dr. Greg Caldwell. We hope this CE event will help you better understanding of how carotenoids affect ocular disease and gives some ideas on what technologies you can implement in your practice in regards to carotenoid levels.
Carotenoids are nutrients that have been proven to protect the eye from light damage and several ocular pathologies. Their antioxidative protection is most recognized in age related macular degenerations. Many ocular and retinal diseases are linked to low levels are carotenoid levels.
The Optometrist’s Guide to Writing a Business Plan
When it comes to building a great business, a business plan is a vital piece of the puzzle. A business plan explicitly explains how a business seeks to go after its mission and how it will utilize its operations to become profitable. Components of your business plan will help you think through problems and arrive at solutions. Alongside this, a well written and convincing business plan will help you obtain funding, bring in additional partners (if applicable) and even get investors.
The New Coronavirus Stimulus Package – FAQs for Small Business Owners
Here we go again! In case you missed it, congress recently passed a new COVID-19 stimulus package on December 22, 2020, that provides over $900 billion in aid to individuals and businesses – pending the president’s signature. Notable parts of the new bill include changes to PPP (Paycheck Protection Program), EIDL, clarification of tax treatments of relief funds, and an extension to the Families First Coronavirus Response Act tax credit.
To help you further understand the bill, here is a quick rundown of everything you may need to know in an easy to read FAQ format.
Virtual Masterclass: A Healthy Financial Mindset in Practice Ownership (Adam Cmejla, CFP) 1 hr COPE CE
Running a practice takes a significant investment of time, money, and energy. It can be extremely rewarding, but it can also be a catalyst for ODs living a life filled with stress, anxiety, and pressure. Learn proven, math-based approaches to solving pain points in the strategic manner in which you manage your practice.
Virtual Masterclass: Diagnostic Imaging in Macular Degeneration (1hr COPE CE)
We are ecstatic to host our next live CE event with the brilliant Dr. Jessica Haynes. We hope this CE event will help you better understand AMD technologies and gives some ideas on what technologies will be the best for your patient base and your practice.
This lecture will review diagnostic imaging strategies useful in the evaluation of macular degeneration including fluorescein angiography, optical coherence tomography, fundus autofluorescence, and optical coherence tomography angiography.
SWOT vs PEST Optometry Analysis
KEY POINTS: (1) SWOT analysis is for Strengths, Weaknesses, Opportunities and Threats, and is used for preliminary stages of decision making regarding business planning. SWOT analysis is simple. Draw a symmetrical grid with four boxes and label them Strengths, Weaknesses, Opportunities and Threats. (2) PEST analysis helps better understand environmental factors that can affect a…
Make Your Practice More Profitable (FB Live)
With rising challenges from decreasing insurance reimbursement, increased overhead, and online competition; being profitable in the private practice setting has become harder than ever. But here’s the thing: all these rising challenges can be dealt with and tackled head on. All that is required is creativity, “start up thinking,” and some sage advice from our…