MBA Intelligence

April 30, 2011

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

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How Does Your Practice Compare?

optometric

Established and New Practices Work in Different Office Settings

The most common setting for large established optometric practices is a free standing office building. For new practices, however, strip mall locations are most prevalent, with 44 percent of new practices in this type of setting. Just 12 percent of new practices operate in a free-standing building. It is assumed that strip mall locations have lower rental costs and are more affordable to new practices Just 24 percent of established practices are located in strip malls. READ MORE»

Market Facts

salestrends

For the year ending December 2010, a total of 74.7 million pairs of spectacle lenses were sold in the U.S., an increase of 1.4 percent over the prior year. Sales of progressive lenses increased 4.4 percent during 2010 and accounted for 27.6 percent of lens units sold. READ MORE»

Spotlight on...

Best Practices of Contact Lens best practicesManagement

This table illustrates the soft lens sales and profit mix of independent ECPs. It shows that while toric and multi-focal specialty lenses account for just 22.1 percent of lens fittings (units), they produce 31.9 percent of soft lens gross profits. High-performance practices recognize the higher return from specialty lenses and take measures to maximize their use of these advanced lens types.

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