A bi-weekly e-newsletter, providing MBA event updates, metrics to track, and advice and strategies for practice growth. 
 

New MBA Webinar Available


Click here to listen to "Managing Eyewear and Contact Lens Inventory to Maximize Profitability," a practice-building webinar presented by Dr. Mark Wright

How a Personality Assessment Can Help in the Hiring Process

By Daniel Abramson, StaffDynamics

When staffing an optometric practice, or any organization, the goal is to hire on attitude and teach technique. For example, if you are looking for a front-desk person,. you want them to be well organized, to have experience working with Insurance companies, and to know how to do patient recall. However, you also want to be sure that their personality will be compatible with the office culture in your practice.  Read more...

 

 

Best Practices for Managing Accounts Receivable

By Mark Wright, OD, FCOVD

All optometric practices should strive for an accounts receivable balance of zero. Why? Because unpaid bills become a barrier between the doctor and the patient. If a patient owes you money and they wake up with red eye, they are less likely to come to your practice for their care.
And that’s not good. So how can you handle accounts receivable so that patients’ bills are paid before they leave your practice? Here are three simple steps. Read more....

 

 

Requesting Referrals from Net Promoters

By Dave Ziegler, OD, FAAO

Increasing the number of patients who refer friends and family to your practice is vital for growth and success. Management consultant Fred Reichheld coined the phrase “The Ultimate Question” to describe the degree to which present customers are willing to refer other potential customers. Applied to an optometric practice, this means measuring, on a scale of 1 to 10, how likely present patients are to recommend your practice to friends and family. According to Reichhelds “Net Promoter” method, those who answer 9 or 10 are “promoters,” and practices should monitor their “net promoter score” as a measure of practice performance and growth potential .     Read more....

 

Eyewear Rxes per 100 Complete Exams

Feature Presentations

Market Research

 

 

 

 

MBA Prescription Eyewear Management Survey
This survey examines lens dispensing habits, lens mark-ups and prescription eyewear management processes of independent ODs.

 

MBA Insights

Setting Your Pace

In this issue of MBA Insights, learn the importance of creating a financial game plan.

 

 

 

Practice Growth Implementation Track

Practice Marketing and Optical Merchandising

Practice Marketing and Optical Merchandising provides an 11–step guide on how to analyze and refine your practice brand, develop a marketing budget and execute a marketing plan. Also included are merchandising techniques to maximize dispensary profits.

 

 

MBA Monograph Series
Marketing an Optometric Practice

Learn how to increase revenue from existing patients and attract new patients to your practice by creating a marketing budget and executing an effective marketing plan.

 

 

 

 

 

 

 

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