Finances

Insights to Impact

A new six -part series of articles and podcasts. Articles in this series detail the insights that 2020 and 2021 taught optometry and how those insights translate to actions that are having a positive impact on the profession. Read More...

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    Tremendous Growth for Your Practice is Possible with OD Excellence

     Many practices today need an expert in the field — someone who can help exceed practice goals and objectives, someone who can...

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    Streamline the Exam Process: Reduce Extraneous Testing to Save Time and Increase Appointments

      By Scott Jens, ODEliminating tests that patients do not need can save time, allow you to schedule more exams, and increase revenues.

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    Put in Place the Organization You Need to Implement Goals

     By Arthur GearyOnce you  have identified the practice goals you want to achieve and have put the right leadership and culture in...

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    Three Scenarios of Net Cash Flow: Is Your Practice Financially Healthy? Is it Salable?

     By Robert Schultz and Kip HolmesNet cash flow is the lifeblood of an optometric practice. It is the barometer by which the...

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    Practice Opportunity Costs: Build, Buy or Start-Up?

    By Alissa Wald, OD, and Scott DanielsInterested in owning a practice? Not sure if you want to buy an existing practice or start...

  • Reduce Patient Backlog, Increase Revenues

     By Jerry Hayes, ODBy increasing the number of patients you see per day, you can improve your availability to patients, and make...
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    Maintaining an Upscale Practice

      By Yoongie Min, ODYoongie, Min, OD, of Northwest Vision Center in Columbus, Ohio, maintains an upscale practice by updating decor and featuring...

  • How to Compute Net Cash Flow

     By Robert Schultz and Jeanne Fletcher Managing “by the numbers” is essential to planning, achieving and documenting practice growth. The first number to...
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    A Few Minutes in the Dispensary Can Increase Profits

    By Michael Karlsrud You can increase optical sales by simply paying attention to what goes on in the dispensary. Here are three...

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    Close the Execution Gap: Top 4 Roadblocks to Execution of Business Plans

    By Arthur Geary Taking action on your business plans in a disciplined, effective way enables you to create a more powerful practice....

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    Practice Budget Bootcamp: 3 Steps to Make Budgeting Easy

    By Mark Wright, OD, FCOVD Learning to create a practice budget is the first step to keeping your practice profitable and in...

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    Beyond Paperless : Harnessing the Value of Integrated Technology Throughout the Practice

    Efficiencies generate cycle of higher quality, greater patient satisfaction, and enhanced profitabilityIt’s time to graduate beyond a paperless practice. Simply converting paper...

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    ‘Spark’ Growth with an Office Makeover

    When it comes to practice growth, we all know that we must make changes, but it takes a little spark to make...

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    A Legal Perspective on Practice Theft

    By Pamela Miller, OD, JDWhat to Do When it Happens to YouIf you suspect someone in your office is stealing from your...

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    Trust and Naïvete Can Provide a Quick Education

    By ROB Editors Sometimes when Laurie Sorrenson, OD, would check the books of her Texas optometry practice, she’d notice that something didn’t...

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    Web Resources for New Practice Owners

    Whether you're just getting started or need to revamp your practice, these resources offer advice and savings for optometrists. Business Plans, Forms,...

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    Mulitple Locations, Corporate Affiliations

    By Kim Raharja, OD Bridge from Student to Practitioner The corporate structure provides a great way to pay off your student loans...

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    Taking the Step to Practice Ownership

    By Bob Schultz, President and CEO, Vision One Credit UnionOptometrists make a common assumption, and an errant one: “If I build a...

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    Planning the Three Stages of Optometric Practice

    By Bob Schultz, President, CEO, Vision One Credit UnionWhen graduating optometry school, retiring from practice seems a lifetime away. In a perfect...

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    Family Transition/Practice Transformation: Hire Experts and Don’t Sweat the Small Stuff

    By Steven Bennett, OD Defining a Personal Management Style When I took over the practice from my father, I wanted to concentrate...

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    Managing Expansion Successfully

    By Roy Kline, OD Making Time, Not Finding Time How do you know when it's time to expand and take on a...

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    Planning the Three Stages of Optometric Practice

     By Bob Schultz The clock keeps ticking…we need to prepare for the next step Congratulations on having purchased an optometric practice, either...

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    Finding a Win-Win Via an Alternate Exit Route

    By Dan Runyan, OD Having an exit strategy is important, as Dan Runyan tells ROB. He and his partner went to optometry...

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    Planning the Three Stages of Optometric Practice

    By Bob Schultz, President and CEO, Vision One Credit Union   Stage 3: Exiting Practice… Successfully In the previous two articles in this...

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    Buy Now to Capture Tax Breaks

    By ROB EditorsOptometrists have an immediate opportunity to capture tax savings. If you act before the end of the year, you can...

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    A Check-Up for Your Practice

    By Mark Wright, OD, FCOVD A new year is upon us. Your patients need a yearly check-up and so does your practice....

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    2011 a Boom Year in Practice Sales?

    By Scott Daniels and Alissa Wald, ODAs we emerge from the recession, 2011 may become be a boom year for sales of...

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