The Official VisionWeb Blog

How do you currently manage the revenue of your optometry practice? If you're not already collecting historical patient claims and billing data, you might be missing out on potential revenue. With more sophisticated revenue management systems in place, you can analyze deeper data on your claim filing, billing performance, and audit risk.

If you've done your part in hiring or training a model employee who ended up leaving your practice after a few months, you're not alone. High turnover is a common concern among eyecare practices across the country. Even your top-performing employees can leave for a multitude of reasons including job satisfaction, salary, or lack of job growth. We understand that high retention and low staff turnover are necessary to maintain the efficiency of your eyecare practice.

Your electronic claims can bring a lot of revenue into your practice. However, many optometric practices don’t have the time or resources available to track the performance of their claim management efforts. While your practice’s focus should be on delivering quality care to your patients, the ability to track and analyze your claim management performance can give you insights to help your practice work more efficiently while increasing revenue and decreasing frustration.

Your primary focus in working in an optometric practice is delivering the highest quality of care to your patients. However, your practice is also a business, which means it relies on collecting payment from insurance claims, patients purchasing frames from your optical dispensary, and sometimes from a patient after the exam.

Turning a profit from your optical dispensary sales is an important strategy for increasing revenue and building a successful optometric practice. However, many practices are struggling to close sales and get their patients to purchase frames from their practice.