Optometry’s Collaborative Future Optometry is evolving, and one of the most promising trends shaping its future is the embrace of collaborative care models. These models involve building strong referral networks and creating specialized care centers, allowing practitioners to leverage each other’s strengths and expertise. Why Collaborative Care is the Future The healthcare industry has seen […]
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How Private Equity Can Enhance Your Optometry Practice 1. Access to Capital Private equity groups provide funding to invest in new technologies, staff training, and expanding the practice’s footprint. More resources mean improved patient care and expanded services. 2. Expertise in Scaling Operations With a private equity partner, optometrists can focus on patient care while […]
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Case Study: Exploring Why Optometrists Sell Their Practices Optometrists sell their practices for a variety of reasons. In this case study, we’ll explore three scenarios, each representing different motivations behind the decision to sell an optometric practice. Case 1: The Retirement Strategy Dr. Johnson has run her optometric practice for over 30 years. With retirement […]
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Step-by-Step: Crafting Your Career Plan in Optometry Optometrists who succeed in the long term often have one thing in common—a well-thought-out career plan. Having a roadmap can help guide your professional journey and allow you to seize opportunities when they arise. Step 1: Set Clear, Measurable Goals Your career plan should start with setting specific […]
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Preparing for a Career Shift in Optometry Making the leap from practice owner to a corporate role is a significant career change. Below, we answer some common questions optometrists face when transitioning from private practice to a corporate setting. Q: Why do optometrists make this transition? A: Many optometrists move from owning a practice to […]
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In today’s rapidly evolving healthcare landscape, the role of a Chief Medical Officer (CMO) in optometry has become indispensable. This vital position is responsible for overseeing the clinical direction of optometric services, ensuring that practices not only meet but exceed the highest standards of care. So, what exactly does a CMO do? Setting Clinical Strategy […]
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Why Planning Your Exit Matters Selling your optometry practice isn’t just another business transaction; it’s the culmination of years—or even decades—of hard work. A well-crafted exit strategy can make all the difference between a smooth, profitable transition and a chaotic, stressful experience. Whether you’re considering retirement, moving into a different role, or simply ready for […]
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Private equity firms are becoming a dominant force in the optometry field. But what does this trend mean for you? Current Trends to Watch Consolidation is on the Rise: More practices are merging to form larger, more competitive entities. Focus on Specialty Services: PE firms are particularly interested in practices offering niche services. Emphasis on […]
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State Regulations: The Devil is in the Details Selling your optometry practice isn’t just about finding a buyer—it’s also about navigating the complex web of state regulations. Key Regulatory Considerations Licensing and Ownership Rules: Some states have specific laws about who can own a medical practice. Patient Record Transfer: Regulations on how patient records should […]
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To Broker or Not to Broker? That is the Question. Deciding whether to hire a broker can be challenging. Let’s break it down. The Pros of Using a Broker Expertise and Experience: Brokers know the market inside out and can help you find the right buyer. Negotiation Skills: They handle the tough conversations, ensuring you […]
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