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The Academy/AAOE AcadeMetrics™ benchmarking and salary surveys are Web-based surveys to help you measure financial performance and practice efficiency.
Academy and American Academy of Ophthalmic Executives members can now participate in two key surveys designed to help you benchmark your practice against others and identify areas of achievement or needing improvement. Not a member? Learn about Academy membership benefits for ophthalmologists and AAOE membership benefits for MDs and practice administrators.
Members can take both surveys at no charge. The Academy will report general findings from the surveys, but only members who complete the survey will be able to access the more valuable, detailed information that can help you pinpoint specific strengths and weaknesses in your practice.
Dates: April 15 to May 31 (Now Closed)
Focus: Practice financial metrics – e.g., injectable drug revenues, payroll, etc.
Comparison and reporting now open (for practices that completed at least 60% of the survey).
Dates: May 1 — runs indefinitely
Focus: Employee salaries
Financial reports allow you to compare your practice’s performance from year to year, but how do you know if a good or bad year for you is good or bad for a practice like yours? With the benchmarking survey, you can see how other similar practices’ optical shops perform, how much they pay their optometrists, the number of collections per doctor and much, much more.
Surveys provides the most useful information when many practices participate, and each practice provides the same pieces of information.
The Academy’s fiscal year 2013 data collection period ended on May 31. Comparison and reporting now open (for practices that completed at least 60% of the survey). E-mail firstname.lastname@example.org to contact an Academy representative.
The Academy’s survey partner, BSM Consulting, recommends practices gather the following information for each staff member before beginning the salary survey:
In addition, review practice’s policies regarding:
Time to complete the survey is 10 to 30 minutes depending upon the size of the practice.