Is Your Vision Plan Loyalty Hurting Your Bottom Line?
I want to ask you a question that might be uncomfortable. How much do you actually know about the economics of the vision plans you accept — not just what they reimburse, but what they’re quietly costing you in the decisions they’re driving? In my experience talking with independent ODs across the country, vision plan […]
What Optometry School Never Taught You About Running a Profitable Practice
Let me ask you something. When you graduated from optometry school, how prepared did you feel to run a business? Let alone be a profitable practice… If you’re being honest — probably not very. And that’s not a knock on your education. It’s just the reality of how we’re trained. Four years of clinical preparation, […]
Dr. Chad Fleming on The Power of Strategic Planning for Private Practices
At Partners in Profit, we believe that intentional planning is one of the most powerful tools for scaling a private practice. That’s why we’re excited to share Dr. Chad Fleming’s latest appearance on The Optometry Money Podcast, where he discusses how dedicating time to strategic planning has helped him reduce chaos, improve leadership, and increase […]
Never Too Busy to Be Curious
Everyone is busy. But are we all busy with the right things? I’ve spoken with many colleagues who say they are “extremely busy.” However, after delving into what they’re busy with, I’ve come to realize that their busyness is an addition problem that really should be a multiplication problem. Multiplying our efforts is essential for […]
Revolutionizing Optometry Practices: Increase Your Cash Flow with Consignment Frames
The Traditional Challenge with Managing Frame InventoryA New Approach: Consignment of FramesHow Consignment WorksThe Benefits UnveiledConclusion Introduction:In the competitive world of optometry, managing cash flow effectively is paramount. One often overlooked area with significant potential for financial improvement is frame inventory management. Let’s explore a transformative approach that is reshaping how optometrists manage their frame […]
New Profit Opportunities with Partners in Profit
Private Label Excellence Embracing Technology with a Virtual Assistant Efficient Shipping Solutions Innovate and Profit with Us! Join the ranks of thriving optometry practices. Learn more about our innovative frame and lens modeling program by speaking with one of our dedicated team members.
Patients need confident optometrists not conceited ones
Why do so many Americans watch sporting events when one team is favored highly over the other? We love the possibility of an upset. Upsets occur for many reasons including a highly favored team mentally believing they are “untouchable” and that winning is close to automatic. The same applies in optometry and can lead to […]
What if you could invest $1500 and receive $4500 in return?
Last weekend at Vision Expo West in Las Vegas, I talked with many optometry business owners about their online marketing strategies. It was eye opening. Many optometrists are hesitant to make investments that will grow their business. An investment of $1,500 per month for online marketing will not only grow your business by adding patients, […]
Associate Optometrist and non-OD Staff incentives based on value
As an optometric practice owner, do you find the amount of compensation you are paying out is pushing the high end of absurd? In his book Good Profits, billionaire businessman Charles Koch writes that incentives should be solely centered on the value an individual adds to the company as a whole. He critiques companies that […]
Should you remodel your optical?
Over the past decade, remodeling has become entertainment. Shows on HGTV and other networks show dramatic transformations, and may make you think it might be time for your optical to get a face-lift. However, the improved space always comes at a price. For example, if I was remodeling my home, HGTV would probably set my […]