Practice Management

SPECIAL REPORT: Achieving Independent Practice Success

Private Practice Decisions
The stakes often feel so high for private practice owners, whether they are early-career ODs, those looking to grow or add an associate or even those who are beginning to plan a transition in ownership. At each step, the Vision Source Next program can help doctors avoid costly mistakes and achieve their goals more quickly and efficiently.Read each of the Special Reports below.
 
Audrey Raley, OD

Audrey Raley, OD

Issue 1: Independent Practice Provides ODs with Autonomy and Flexibility
“I’ve always wanted to be the master of my own destiny and be able to care for my patients in the way I wanted to,” she says. “I felt like I would be limited in either scope or decisions if I worked for someone else.” >>Read Issue 1>>
Bobby W. Wood, Jr., OD

Bobby W. Wood, Jr., OD

Issue 2: No Need to Walk the Path to Independent Practice Success Alone 
There is no single correct way to manage an independent practice. There are best strategies, certainly, but every factor that contributes to one independent optometrist’s success may not be what works for another. As a result, finding support and ideas from a variety of eye care professionals is a way to keep all parties from reinventing the wheel. >>Read Issue 2>>

Laurie Sorrenson, OD, FAAO

Issue 3: A Strong Business Model Helps ODs Now and in the Future
In her third decade of practice ownership, Laurie Sorrenson, OD, FAAO, feels like she’s hit her stride. She is not actively although an unexpected opportunity appeared when her son graduated from optometry school and joined her. “I had no idea he was going to go to optometry school,” she says. Now, it’s likely that he will at some point start to buy into the practice a bit at a time. >>Read Issue 3>>

Steve Rice, OD,

Issue 4: Don’t Delay Practice Transition Planning
Selling an independent practice can be difficult. Buyers may not flood practice owners with offers, and the offers that do come in may not match what an owner thinks his or her practice is worth. Independent doctors typically want to make sure that the patients who have been so loyal to the practice are well taken care of and that whoever
takes over will continue to treat them like family.
>>Read Issue 4>>
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And join more than 35,000 optometric colleagues who have made Review of Optometric Business their daily business advisor.
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And join more than 35,000 optometric colleagues who have made Review of Optometric Business their daily business advisor.