Drilling Down on Cost of Goods: Key Strategies for Optometry Practices

Profitability within the optometric profession is more challenging than ever. As independent owner O.D.s, we find ourselves in a deflationary period due to decreasing reimbursements from insurance companies and increasing competition within the optical marketplace. Simultaneously, we’re experiencing the most significant inflationary period in the last three decades, with rising costs of utilities, rent, goods, […]

Revolutionizing Frame Inventory Management for Optometry Practices

In the evolving landscape of optometry, staying profitable requires innovation, adaptability, and a keen eye for emerging trends. I’m Dr. Chad Fleming, and with over two decades of experience in private practice and managing multiple locations, I’ve seen firsthand the importance of evolving our approach to remain competitive and profitable. Today, I want to share […]

PiP Frame Strategy: Balancing Profitability and Signature Style while ‘Only pay for what you need’

Like Liberty Mutual says in their commercial “Only pay for what you need.” PiP has applied that strategy to managing your frame inventory. In the ever-evolving world of eyewear fashion, finding the perfect balance between a recognizable name brand and stylish yet profitable options is key. This delicate equilibrium is beautifully exemplified by the trend-setting […]

Maximizing Profitability Strategies for Optical Practices

Introduction: The optical industry is currently navigating through one of its most challenging periods, with independent optometrists feeling the pressure of decreasing insurance reimbursements and increasing overhead costs. In this critical time, finding strategies to remain profitable is paramount. Partners in Profit is here to guide you through. Strategies for Enhanced Profitability for Optical Practices: […]

What to Look for in a Private Label for Your Optical

In the realm of optometry, innovation and cost-effectiveness are pivotal to staying ahead in a competitive market. Large retail companies have long harnessed the power of private labels to achieve this balance. Names like Walmart, Best Buy, and Amazon come to mind, with their successful private label products like Equate, Insignia, and a myriad of […]