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!
Billing | Credentialing | Compliance Solutions
We are happy to provide a much needed and requested tool for all our practice owner ODs on Finance members. Through a collaboration and partnership with CSEye, ODs on Finance Billing | Credentialing | Compliance Solutions offers the following:
- ✅ Billing Services – comprehensive revenue cycle management, includes compliance, risk assessment, focused training, chart reviews and reporting.
- ✅ Compliance Programs – online, easiest to implement and use HIPAA security. Processes, annually required training videos, risk assessment, required exclusion list checks and chart reviews.
- ✅ Credentialing Services – affordable path to obtain credentialing and easily track renewals.
- ✅ Chart Reviews and Audit Assistance – we will ensure your documentation supports your coding and we can also help you navigate any payer audits.
The xCPTional site is a simplified tool for fee schedule analysis, 99xxx coding and documentation as well as compliant screening or wellness programs, which often results in increased revenue of $30,000-$50,000 per 1000 patients.
Schedule a FREE CONSULT/ANALYSIS by clicking here
ODsonFinance Member Promo:
✅ UP TO 20% DISCOUNT & FREE PRACTICE ANALYSIS
- Andy Boucher | email@example.com | 848-244-4913
Amanda Komer | firstname.lastname@example.org | 866-551-0232 x 102
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.
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).
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.
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.