By Tina McCarty, OD, FAAOApril 27, 2016Effective payroll budgeting keeps your practice's largest expense manageable, making practice profitability much more likely.
4.5K
Finances
Use a P&L Statement to Track Performance and Grow Your Practice
By Ken Krivacic, OD, MBAApril 13, 2016A profit and loss statement is the best measure of how your practice is performing financially....
2.2K
Finances
Four Timely Strategies to Reduce Your Tax Bill
By Adam Cmelja, President of Integrated Planning & Wealth ManagementMarch 9 , 2016The annual deadline for filing taxes is fast approaching. Here...
2.4K
Finances
Diversify Your Investments, Build Financial Security
By Chad Fleming, OD, FAAOMarch 16, 2016Diversifying investments is a key to a secure retirement with financial freedom. See how to set...
2.9K
Finances
Five Steps to Better Manage Your Finances
By Adam Cmelja, President of Integrated Planning & Wealth ManagementFeb. 3, 2016Apply proven management techniques to improve your practice's finances. Here are...
2.4K
The Optometric Minute
Borrow Wisely in Your Practice Growth Plan
Jan. 13, 2016: Kenneth Daniels, OD, FAAO, Dipl. ABO, owner of See Life - Hopewell & Lambertville Eye Associates in Hopewell and Lambertville, N.J.,...
2.8K
News Briefs Archive
AOAExcel & Bank of America Offer Customized Financial Lending for AOA Members
Dec. 2, 2015: AOAExcel, a member benefit of the American Optometric Association (AOA) that offers products and services to help optometrists manage...
3.4K
Finances
Revenue Before Cost: Focus on Revenue-Generation, Not Cost-Cutting
By Ken Krivacic, OD, MBAMay 27, 2015Investing in revenue-producing practice enhancements leads to profitability more than focusing on keeping costs down.
5.2K
Finances
4 Steps to Prepare to Sell Your Practice
By Erik Ferjentsik, MBAMay 13, 2015Four key steps to take early on (as much as five years before a sale) can raise your...
936
Finances
Use Inventory Tracking Tools to Boost Profits
By Thomas Tomasik, ODApril 29, 2015Carefully tracking your inventory is key to finding the most profitable mix of products to invest in,...
2.3K
Finances
Better Before Cheaper: Profit in Investing in Quality
By Ken Krivacic, OD, MBAApril 15, 2015Improving quality and patient satisfaction—and not just cutting costs--is the best route to practice profitability. Three...
2.0K
Finances
Six ROI Winners for Your Practice
By Laurie Sorrenson, OD, FAAOApril 15, 2015Which investments have made the greatest difference to your profitability? Here are six that produced great...
2.4K
Finances
Social Security Planning: Plan Early, Reap Rewards
By Adam Cmelja, CMFAPosted 1-7-15Planning and adjusting retirement funds can make a six-figure difference in your benefits over a full retirement period.
3.2K
Finances
Don’t Miss Out on Your Section 179 Deduction
By Jack Craven, CPA, CGMA, MBASection 179 of the IRS tax code lets you deduct the full price of qualifying equipment or...
23.0K
Practice Metrics
Metrics to Manage By: How to Calculate Chair Cost per Exam
By Thomas F. SteinerDirector of Research, Review of Optometric BusinessTracking a key expense like chair cost helps you work smarter and optimize...
15.2K
Practice Metrics
Metrics to Manage By: Revenue per Patient & Revenue per Staff Hour
By Thomas F. SteinerDirector of Research, Review of Optometric BusinessManage effectively by tracking critical practice performance metrics. Begin with the most important...
7.6K
Finances
Five Ways to Minimize Tax Liability
By Adam Cmelja, CMFAKeep more money in your pocket by applying five simple strategies that reduce your tax liability.
3.1K
Finances
Retirement Planning: Plan Now for Post-Career Security
By Chad Fleming, OD, FAAOFor an independent OD, retirement planning is a career-long process. Strategize how much to save right from the...
3.5K
Finances
Six Steps to Achieve and Maintain a High Per-Patient Revenue
By Rachael Click, ODHigh per-patient revenues are the core of practice profitability. Six steps get you there.
2.5K
Finances
Financial Management: How Much Should You Delegate?
By Diane Palombi, ODBe hands-on with your practice's financial management. This secures your revenues and keeps you aware of your profitability.
Alternative Minimum Tax: Investing in Your Practice May Reduce Your Tax Bill
By Adam Cmelja, CMFAUnderstanding the alternative minimum tax can save you money. In fact, investing in your practice may reduce your tax...
2.2K
Other Videos
How to Compute Net Cash Flow
Robert Schultz, president and CEO of Vision One Credit Union in Sacramento, Calif., details on the importance of cash flow.
2.1K
Finances
Eight Steps to Cut Costs and Increase Profits
By Laurie L. Sorrenson, OD, FAAOKeeping your costs of operation down is a key to creating a profitable practice. Here are simple...
9.5K
Finances
Measure Profitability with a Profit & Loss Statement
By Melanie J. Denton, OD, FAAOLike any small business owner, OD-owners need to closely monitor their practice's gross and net revenues. Do...
4.4K
Finances
Key Questions to Ask When Financing a Second Practice Acquisition
By Bob SchultzWhen seeking financing to acquire a second practice, asking four key questions can help you to borrow well--and become profitable sooner.
3.0K
Finances
Disability Insurance: Safeguard Your Practice and Profits
By Adam Cmelja, CMFAWhat happens to your practice if something happens to you, the primary revenue-generator? Adding comprehensive disability insurance that covers...