MBA Intelligence

April 26, 2012

Bi-weekly information and advice to manage optometric practices
from the Management & Business Academy™ (MBA)

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"Believing in Second–Pair Sales"

Gary Gerber, OD

Gary Gerber, OD, advises that success with second–pair sales of eyewear hinges on the eyecare practitioner truly believing that the patient has a need for it. ECPs have no trouble selling a first pair because they firmly believe in the need for it. However, they often rely on discounts as incentives for second–pair sales—when presenting their belief in the need for additional eyewear may be incentive enough.

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Market Facts

Market Facts

Patients Typically Spend Five Minutes Completing Paperwork During Office Visits

A 2011 Jobson survey of eyecare patients shows that patients typically spend about five minutes completing paperwork during their office visits, equivalent to about 10 percent of the total time patients spend in an eyecare office. Thirty percent of patients report spending 10 minutes or more completing paperwork.

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New MBA Practice-Building Resources

2012 Key Metrics: Assessing Optometric Practice Performance
The 2012 edition of Key Metrics is posted on MBA-ce.com. Key Metrics is an extensive compendium of essential metrics for managing and growing your optometric practices. The new 2012 edition contains newly updated data, as well as an expanded section on management best practices by leading optometrists.

MBA Monograph: Marketing an Optometric Practice
This monograph details how to increase revenue from existing patients and attract new patients to your practice by executing an effective marketing plan.

MBA Survey: Prescription Eyewear Management
Results for the recently conducted MBA Prescription Eyewear Management Survey have been posted on the MBA–ce.com. This report assesses the prescription eyewear dispensing habits, mark–ups, and eyewear marketing tactics used by independent ODs.

Findings from a dozen MBA surveys conducted since 2008 are found on the MBA site. Click here.