Madhu Singh

Recent Posts

Keeping Profit Margins High in Your Eyecare Practice

Posted by Madhu Singh on Thu, Sep 19, 2019 @ 08:09 AM

It's no secret that optometry practices can earn a whopping 30-40% net profit. Especially once the practice has gone through its first year of growing pains and had a chance to be established. 

How do you scale profits in a private optometry practice in terms of business development, staff, patient volume, and accepted payers? We did some research and collected the plans of financially successful practices to help guide you to the right track.

Keep reading to see a few of the top pieces of advice we found.

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Key Optical Metrics for 2019

Posted by Madhu Singh on Thu, Sep 12, 2019 @ 17:09 PM

It takes a lot of energy, time, and resources to run your practice. There isn't too much downtime to research recent industry developments and growth predictions. However, knowing these key metrics is useful for planning ahead in your eyecare practice. That's why we did the research for you. 

Based on this report from Essilor University, we're highlighting a few key projections for the optical market and eyecare industry that will be useful to know going into 2020. Keep reading to see what we found and what might be relevant for your business. 

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Get Your Money Questions Answered at Vision Expo West 2019

Posted by Madhu Singh on Tue, Sep 03, 2019 @ 09:09 AM

As doctors, you're usually rewarded for having the answers. When you feel like you don't know enough about a topic, you might turn to continuing education courses at Vision Expo West and other tradeshows.

However, when we looked at the CE courses offered at VEW 2019, there was only one or two courses on billing, coding, and managing the profits of your practice. Even though many ODs aren't sure where to start when it comes to optimizing their claim filing or managing cashflow for the practice.

Would you believe us if we told you that we'll give you $25 at our booth MS9035 for NOT knowing the answer to a question? Keep reading to find out more.

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How to Become an Optometry Leader

Posted by Madhu Singh on Thu, Aug 29, 2019 @ 07:08 AM

For optometrists who want to lead multi-location practices, grow their name in the industry, or teach courses at prestigious optometry schools, they'll want focus on building their leadership skills and background. Following powerful business leaders and other industry bigwigs on LinkedIn is a good start, but taking action to improve your management skills and meeting like-minded ODs requires more active efforts.

With a mixture of hard and soft skills, any OD can become a leader in the eyecare industry. Learning from existing leaders, we've found these tips to be helpful on your way to success. Keep reading to discover what we found.

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How to Stay Neutral with Patients

Posted by Madhu Singh on Thu, Aug 15, 2019 @ 11:08 AM

Optometry patient care involves getting to know your patients' names and faces, especially those who return year after year. However, you'll sometimes encounter a patient who returns after they've been rude, left a bad review, complained about your products, or caused a scene in your practice. How do you react in these situations?

We first have to keep in mind that we all have bad days and make mistakes. Usually, the best course of action in the face of conflict within your practice is to keep neutral. You want the patient to feel cared for, think highly of your professionalism, and hopefully return. This doesn't change for negative patients. Let's go over three common scenarios and how you can respond to them.

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