New This Week
Building a Medically Driven Practice
Lori Landrio, OD, of Merrick, NY, has built a medically driven practice by using the latest diagnostic equipment and maintaining strong referral networks to specialist ophthalmologists. An OCT scan is a vital presentation tool when explaining to a patient why they need to see a specialist. Purchasing an OCT is costly, but a smart usage strategy makes it work financially.
>>READ MORE >>
Software Solutions/EHR
Three Uses of EHR: Data Reporting, ICD-10 Transition & ACO Participation
By Bryan Rogoff, OD, MBA, CPHM
Use your EHR system to meet the critical goals of health care reform: data reporting, transitioning to ICD-10, and equipping your practice to participate in accountable care organizations. >>READ MORE>>
Finances
Top Metric to Track: Revenue Per Complete Exam
By Thomas F. Steiner
This is the first in a series of articles on leading metrics that should be tracked by all independent OD practices. These are keys to influencing the financial performance and general success of a practice.
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Practice Management
Starting Cold: Calculate & Manage Expenses to Reach Profitability
By Chad Fleming, OD, FAAO
Starting a new practice cold may be more costly than you think. Here is how to break down the financials to project when you reach profitability.
ROB Fast Fact
How Many Practices Create a Frames Database?
Many practices still haven’t decided to invest in a frames database, according to findings from The Vision Council’s 2013 Eye Care Professional Report. About half of respondents said they possessed a frames database at their practice. Around 57 percent of practices that dispense more than 10 jobs per day said they have a frames database at their practice. On the other hand, 43 percent of practices that dispense less than six jobs per day have a frames database at their location.
Click HERE to read more from Review of Optometric Business professional editors Carole Burns, OD, FCOVD, and Mark Wright, OD, FCOVD, on the value of adding an automated frame inventory database to your practice.
In Brief
Essilor Launches Varilux National Consumer Campaign
Essilor of America is introducing consumers to the benefits of progressive lenses and the technology behind Varilux progressive lenses through the launch of a national advertising campaign.
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Vision Source Partners with CoxHealth
Vision Source announced that its Southwest Missouri independent clinicians are joining forces with CoxHealth, a five-hospital health system to provide vision and eyecare services to their patients.
Challenge –> Solution
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Practice Challenge…
How do I find the ideal new office space?Finding a new office space means balancing patient needs and your long-term growth plan with your current financial challenges. Here is how some of our contributors created, found (or transformed an existing space into) exactly what they were looking for.
…Practice Solution
- From the Ground Up: Build Your Ideal Office Space
- Moving Office Space: Careful Planning Pays Off
- Notes on a Successful Renovation: Creating a Patient-Pleaser
Recent Articles of Note
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Getting There: Planning a Successful Optometric Career
By Robert Schultz -
Be Positive, and Always Thank Your Patient
An Optometric Minute video with Eric M. White, OD -
Capture Rate Booster: Train Staff to Fill Patient Prescriptions
By Stuart J. Thomas, OD, and Ellen Byrum-Goad, LDO
