Specialty services are like the secret ingredient that can elevate your practice’s worth. Here’s why.
Why Specialty Services Matter
Specialty services such as myopia management, dry eye therapy, and low vision care are becoming increasingly important. They not only meet a growing demand but also position your practice as a leader in comprehensive care. This differentiation can significantly enhance your practice’s value in the eyes of potential buyers.
“Specialty care is a win-win: it enhances patient care while driving up practice value,” notes Bret Davis, an EVP at A&G Vision
Impact on Valuation
Buyers love specialty services because they:
- Represent a high-margin revenue stream.
- Diversify income beyond traditional eye exams and eyeglasses.
- Indicate a forward-thinking approach that aligns with market trends.
What’s Next?
If you haven’t already, consider integrating these services into your practice. Not only will it attract a broader patient base, but it will also catch the eye of potential buyers.
Final Takeaway: Add Value by Adding Care
By diversifying your service offerings, you’re not just increasing revenue—you’re building a more attractive, future-proof practice.