How many patients do you see in your eyecare practice on a regular day? 15? 20? It can be easy to get caught up with your busy schedule that you start to neglect some of the business aspects of your eyecare practice. It takes a lot of time to manage your staff, stay on top of your financials, and implement marketing strategies. If you're a smaller independent practice, a lot of the business responsibilities could be falling on your shoulders.
Today we want to take a quick break from patient care and really think about the business side of things. When was the last time you looked at certain metrics? Do you know what all the financial terms mean when looking at different numbers? We pulled together ten business terms and phrases that are relevant to practices today that you should make sure that you know, and also understand how to apply them in your practice.
Make Sure Your Eyecare Practice is Familiar with These Business Terms and Phrases