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Optometric Alliances: Your OD-to-OD Educational Resource 

Posted by Greg W May 17, 2013 Categories: OD-to-OD learning practice management return on investment

By Eric M. White, OD

Speaking to another doctor who is dealing with the same challenges you face can provide the answer to a daunting practice problem. An optometric alliance offers prime opportunities for such candid exchanges.

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Expect the Unexpected: Effectively Manage Crisis 

Posted by Greg W Apr 26, 2013 Categories: efficiency practice management

By Amir Khoshnevis, OD

Do you know how to handle the unexpected? Develop strategies for efficiently--and calmly--meeting the challenge of chaotic circumstances.

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Practice Transition: A Sale Must Work for Seller and Buyer 

By Donald R. Smith, OD

A well planned out approach to selling your practice increases the chances that both the seller and the buyer will walk away from the deal satisfied. Thank strategically and do your due diligence for a successful sale.

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Get Involved: The Payoffs from Learning and Networking in Associations 

By Darby Chiasson, OD

Participation in optometric organizations provides guideposts for practice improvement along with invaluable networking with other optometrists.

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Key Investment: Know When the Time is Right to Buy Practice Real Estate 

Posted by Greg W Apr 17, 2013 Categories: budgeting finance finances numbers practice management return on investment

By Laurie L. Sorrenson, OD, FAAO

Purchasing a building to house your practice's office shouldn't be taken lightly, but when your finances and long-term planning tell you the time is right, there are key advantages to making this investment.

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Instrumentation Budgeting: Calculate ROI--and Profit Potential 

Posted by Greg W Apr 11, 2013 Categories: budgeting finance instrumentation practice management return on investment

By Ken Krivacic, OD, MBA

Instrumentation is a major investment, but if you calculate ROI correctly you can elevate the level of service you provide—and boost your bottom line. Compute patient needs and identify your break-even point, then project your profit potential.

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80/20 Rule: Focus on the Majority Rather than the Outliers 

Mar 25, 2013 Categories: efficiency practice management staffing

By Amir Khoshnevis, OD

Put energy toward serving the needs of the majority of your patients. Don’t allow a small group of outlier patients to drive your practice management strategy.

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Ready to Exit Your Practice? Check Your Finances and Emotional Readiness 

By Donald R. Smith, OD

A practice exit strategy requires that your finances—and emotions—are in order. Here are readiness tips on handing over the reins to a new doctor or management team.

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Ready to Open a Second Office? Assess Finances and Logistics 

By Monica Allison, OD, FOAA

Opening a second office by purchasing a practice can provide additional space and offer access to new patients, but you must first assess whether the time is right financially and logistically.

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Ready to Purchase a Second Office? Assess Finances and Logistics 

Posted by Greg W Mar 21, 2013

By Monica Allison, OD, FOAA

Purchasing a second practice adds welcome space and new patients, but it's a big step. Here is a proven process for assessing if the time is right to acquire.

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