MBA Intelligence

May 15, 2011

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

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"Spend Time Working On Your Practice"

Mark Wright Practice Pearl Video

Mark Wright, OD, FCOVD

An hour a week spent working on your practice is worth multiple hours spent seeing patients, explains Dr. Mark Wright of the MBA Faculty. Put aside uninterrupted time to set goals for practice efficiency and patient flow, and a payoff in practice profitability will follow.

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Market Facts

Quality of CL Market Facts

28 Percent of Contact Lens Wearers Buy Annual Supplies

A 2010 Jobson survey of contact lens wearers indicates that only about one-in-four usually purchase a 12-month supply or more of lenses. A six-month supply is the typical quantity of lenses purchased. READ MORE»

Spotlight on...

Best Practices of Spectacle Lens best practicesManagement

Improving the eyewear capture rate has a large impact on practice revenue and profits. A typical optometric practice with $750,000 annual gross revenue with a 67 percent eyewear capture rate sells 1,454 pairs of prescription eyewear, generating $330,000 in sales. If the practice increases its eyewear capture rate to 80 percent, annual revenue jumps $64,072. Leading practice management consultants say that a well managed optical dispensary can achieve a 90 percent capture rate.   

Best Practices Spectacle Eyewear Capture

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