Practice Management Advice

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Viewpoint: 5 Front Office Qualities That Improve Practice Operations and Patient Experience

JUL 14, 2021 By Lindsay N Stratton, MHA, OCS in Practice Operations, Viewpoint, Patient Satisfaction, Practice Ownership, Managing Your Practice, Staff Management

Successful businesses recruit team members much like sports teams do — by finding talent well-suited for a particular role. Your front office staff can be one of your greatest assets when it comes to improving practice operations and the patient experience. Watch out for the…

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Views 255

Protecting a Physician’s Most Valuable Asset: Insurance Basics for Ophthalmologists

JUN 21, 2021 By Jason M. O’Dell, MS, CWM in Strategic Planning, Practice Ownership, Managing Your Practice, Practice Operations, Risk Management, Financial Management

Given the substantial investment made to become a practicing ophthalmologist, it is not surprising that the most significant asset that most doctors have is the value of their future incomes. Disability and life insurance are fundamental tools utilized by doctors to protect…

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Views 93

What a Pandemic Teaches Ophthalmic Practice Leaders and Administrators (Part 3 of 3)

JUN 18, 2021 By Gary S Schwartz MD, Daniel Zismer, PHD in Practice Operations, Managing Your Practice, Financial Management, Coronavirus, Practice Ownership

In part 3 of this three-part series, Gary S. Schwartz, MD, MHA and Daniel K. Zismer, PhD, outline six business model design factors that matter most for safeguarding the practice against dramatic economic challenges encountered in the global pandemic.

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Views 73

What a Pandemic Teaches Ophthalmic Practice Leaders and Administrators (Part 2 of 3)

JUN 07, 2021 By Gary S Schwartz MD, Daniel Zismer, PHD in Practice Operations, Practice Ownership, Managing Your Practice, Financial Management, Coronavirus

In Part 2 of this three-part series, Gary S. Schwartz, MD, MHA and Daniel K. Zismer, PhD, discuss the importance of leadership culture and business risk assessment to better position your practice for success in times of economic crisis.

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Views 63

What a Pandemic Teaches Ophthalmic Practice Leaders and Administrators (Part 1 of 3)

MAY 12, 2021 By Gary S Schwartz MD, Daniel Zismer, PHD in Managing Your Practice, Practice Ownership, Practice Operations, Coronavirus, Financial Management

In Part 1 of this three-part series, Gary S. Schwartz, MD, MHA and Daniel K. Zismer, PhD, outline three business strategies that ophthalmic practices should consider as a safeguard against future pandemics or major shocks to the economy.

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Views 154

The Rise, Fall … and Rise of Private Equity and Corporatization

MAY 07, 2021 in Practice Ownership, Practice Operations, Buying, Selling, Merging Practices

We review trends in the structure of eye care delivery, including private equity and alternatives to private equity.

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Views 110

Closing Your Private Equity Transaction Without Thinking Through Your Real Estate (Part 4 of 5)

APR 30, 2021 By Collin Hart in Practice Operations, Practice Ownership, Buying, Selling, Merging Practices

In Part 4 of a five-part series, Collin Hart, MBA, CEO and managing director of ERE Healthcare Real Estate Advisors, highlights two less than ideal scenarios where practices sold to private equity, but failed to think through the implications on their practice real estate.

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Views 96

Office Equipment: Should You Buy or Lease?

APR 29, 2021 By Bob Padula in Practice Operations, Managing Your Practice, Practice Ownership, Financial Management

Bob Padula offers tips for serious consideration before you choose to either buy or lease practice equipment.

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Views 73

It’s Your Money: 5 More Ways to Ensure You Get All of It All the Time (Part 2 of 2)

APR 15, 2021 By Farida Chowdhury in Managing Your Practice, Practice Operations, Financial Management, Practice Ownership, Billing

In part two of a two-part series, AAOE member Farida Chowdhury, OCSR, the CEO of Medical Billing Strategies, provides more essential tips for improving your practice’s bottom line.

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Views 187

It’s Your Money: 5 Ways to Ensure You Get All of It All the Time (Part 1 of 2)

APR 06, 2021 By Farida Chowdhury in Managing Your Practice, Billing, Practice Ownership, Financial Management, Practice Operations

In part one of a two-part series, AAOE member Farida Chowdhury, OCSR, the CEO of Medical Billing Strategies, provides essential tips for improving your practice’s bottom line.

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Views 270

Success Factors in Selling an Ophthalmology Practice

MAR 19, 2021 By David J. Mandell, JD, MBA in Financial Management, Strategic Planning, Managing Your Practice, Practice Ownership, Buying, Selling, Merging Practices

You may be considering the option to either sell or merge into larger practices. David Mandell offers four success factors to consider before making such a move.

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Views 267

Equipment Corner: Why Caring for Your Equipment is a Winning Investment Strategy (Part 2 of 2)

FEB 17, 2021 By Jim Hamlett in Managing Your Practice, Practice Ownership, Practice Operations, Financial Management

The care and maintenance of your equipment cannot be overstated. By diligently keeping up your equipment, you can not only maintain the value of the equipment but also save the hard-earned dollars invested by your practice.

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Views 188

Preparing for a Real Estate Sale While Closing Your Private Equity Transaction (Part 3 of 5)

OCT 27, 2020 By Collin Hart in Practice Ownership, Practice Operations, Buying, Selling, Merging Practices

In Part 3 of a five-part series, Collin Hart, MBA, CEO and managing director of ERE Healthcare Real Estate Advisors, highlights the success of Gainesville Eye Associates and Eye Centers of North Florida. Both practices benefitted from preparing for a real estate sale while s…

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Views 175

Unexpected Business Strategies During the COVID-19 Era

JUL 08, 2020 in Buying, Selling, Merging Practices, Staff Management, Coronavirus, Practice Operations, Strategic Planning, Risk Management, Practice Ownership

Unanticipated business opportunities are possible for your practice despite the current uncertainty and economic impact of the COVID-19 pandemic. Looking for opportunities while balancing the appropriate level of your practice resources can have a positive impact on your pra…

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Views 292

Partnering With Private Equity and Holding Your Real Estate for Cash Flow (Part 2 of 5)

FEB 24, 2020 By Collin Hart in Practice Ownership, Practice Operations, Buying, Selling, Merging Practices

In part 2 of a 5-part series, Collin Hart, MBA, CEO and Managing Director of ERE Healthcare Real Estate Advisors, highlights the success of Delaware Eye Care Center. Leveraging an informed real estate strategy enabled the founding physician to benefit from the passive cash f…

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Views 162

Monetizing Your Practice Real Estate to Create Partnership Alignment (Part 1 of 5)

JAN 30, 2020 By Collin Hart in Practice Operations, Practice Ownership, Buying, Selling, Merging Practices

In part 1 of a 5-part series, Collin Hart, MBA, CEO and Managing Director of ERE Healthcare Real Estate Advisors, highlights the success of West Georgia Eye Care Center in leveraging an informed real estate strategy.

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Views 247

5 Considerations for Your Practice Real Estate, Part 2

NOV 08, 2018 By Collin Hart in Practice Operations, Practice Ownership, Strategic Planning

In part 2 of a two-part series geared towards the veteran ophthalmologist, Collin Hart, MBA, CEO, managing director of ERE Healthcare Real Estate Advisors highlights key variables that will positively impact your bottom line as you progress toward your career and life goals.

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Views 188

5 Considerations for Your Practice Real Estate, Part 1

OCT 08, 2018 By Collin Hart in Practice Operations, Buying, Selling, Merging Practices, Practice Ownership, Strategic Planning

In Part 1 of a two-part series, Collin Hart, MBA, CEO, managing director ERE Healthcare Real Estate Advisors identifies a few common practice management scenarios and how they may affect your practice real estate investment.

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Views 380

Best Practices for Assessing the Feasibility of New Business Opportunities

FEB 12, 2018 in Practice Operations, Practice Ownership, AAOE Program Highlights, Buying, Selling, Merging Practices

This AAO 2017 course will educate attendees on the key principles related to assessing new business opportunities. Whether it's adding a new provider, opening up a new location, or implementing a new service line, practice leaders must have clear processes in place to assess…

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Views 269

Ophthalmology's Place in Accountable Care Organizations

FEB 18, 2016 in Practice Ownership, Regulatory

Under accountable care organizations, ophthalmology practices face new relationships and operational challenges. The Academy had lawyer Brenda N. Laigaie of Wade, Goldstein, Landau & Abruzzo, P.C. address some common issues.

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Views 450

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