Keys to successful optical inventory management

optical inventory management

In the dynamic world of eyecare, effective inventory management can directly influence customer satisfaction and the efficient running of your business. Keeping your inventory organized and up to date guarantees that products are available when customers need them, but also contributes to reducing costs, minimizing losses, and increasing profit. Remember, from sunglasses and contact lenses…

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The Role of Consolidated Billing in Independent Optometry

Consolidated Billing of an Independent Optometry

What is Consolidated Billing? Consolidated billing is a significant efficiency driver for businesses of all sizes and is quite popular in health care. At its foundation, it is the method of combining multiple invoices received by a business from multiple vendors into one single invoice. In “normal” operations, businesses receive individual invoices from a variety…

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Working On, Not In, Your Optometry Practice

Outsourcing: Working On, Not In, Your Optometry Practice

Effectiveness of Outsourcing Perhaps the most critical mission of any small business owner in the economy of today is growth – profitable growth. Widespread advancements in technology, product development and innovations, changing consumer behaviors, and transformations in staff expectations and needs are but just a few of the realities that business owners must deal with…

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How to improve your optical business

how to improve optical business

Every day, eye care specialists and optical business owners ask themselves how to generate more sales. When working to improve customer experience, we recommend implementing a few practices that are proven to have a positive impact on a business. At CECOP we want you to understand first-hand how to improve the service at your optical…

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Is an optical business profitable?

Person watering a plant reflecting the benefit of an optical business

We would like to share some tips on how to make it profitable and how to overcome this initial fear. You just need to follow a few good practices that don’t leave any margin for error. Today, we’re giving you a simple guide on how to optimize your optical business. 5 Essential Practices to Make…

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Best practices in optometry management

optometry management

Successful optometry management takes more than just keeping a careful watch over your patients’ eye health. You also have to be a strong leader with a view to constant growth. Otherwise, it’s hard to get your business to prosper the way you’ve imagined ever since you set out on this great professional adventure. If you…

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Optometry billing and coding

Optometry billing and coding

Running a successful optometry practice takes much more than just patient care. It takes a long time to understand the complex billing and coding processes an optometry practice requires. Among other issues, it is essential to understand how medical insurance, claims, reimbursements and billing work.  Plus, it’s also crucial to understand the difference between medical…

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Tips for Buying an Optometry Practice

Buying an Optometry Practice

Optometry practices are part of a market that moves millions of dollars every year. It is a business model that is booming and expected to grow even more over the coming years, mainly because more people need corrective lenses for their daily lives.  If you’re planning to buy a practice, you already know that it…

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Technology for Independent Optometry Cash Flow Management

Technology for Independent Optometry Cash Flow Management

We know that cash flow is the heartbeat of a successful Independent Optometry practice. Positive cash flow leads to achieving your ultimate goals: optimal patient care, satisfaction, retention and even practice growth or expansion. Negative net cash flow leads to tough decisions including undesirable steps such as reducing staff, low inventory, and cutbacks on marketing,…

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The Power of Cash Flow

Cash flow is Queen

Cash flow is Queen If you are running an Independent Optometry practice then you are among the 99.7% of businesses in the U.S. defined as a “small” business, or a business with fewer than 500 employees.  As such you are also likely well in tune with a few realities of being a small business owner…

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