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About the Blog

Practice Management Blog

Help and advice on running a successful practice, from the experts at the American Academy of Ophthalmic Executives. Articles featured in the AAOE's Practice Management Express email newsletter.

Practice Management Advice
1-15 of 15 results

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…

Comments 0

Views 25

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…

Comments 0

Views 74

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.

Comments 0

Views 205

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.

Comments 0

Views 166

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.

Comments 0

Views 353

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…

Comments 0

Views 248

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.

Comments 0

Views 447

How to Handle Drug Costs Under Alternative Payment Models

FEB 18, 2016 in Contracts, Alternative Payment Models, Practice Ownership

Under some alternative payment models, ophthalmology groups are asked to both contract for physician issues and physician-administered drugs and to assume risk for modification of their choice of drugs. Lawyer Brenda N. Laigaie of Wade, Goldstein, Landau & Abruzzo, P.C. disc…

Comments 0

Views 61

Ophthalmology Practice Buy-Ins and Payout AAOE 2014 Course

OCT 20, 2014 in Practice Ownership, Buying, Selling, Merging Practices, AAOE Program Highlights

Learn how to structure fair, reasonable, and customary financial, legal, and practical arrangements for ophthalmology practice buy-ins and payouts from attorneys-consultants with over 50 years of experience, having done thousands of practice buy-ins and payouts. In this cour…

Comments 0

Views 909

Preparing to Open Your Solo Practice: Time-Critical Activities

JAN 01, 2013 By Russell B. Still and Lawrence Geller MS, MBA, Senior Consultants, Medical Management Associates in Practice Operations, Practice Ownership

In this article, we will discuss some of the most important aspects: selecting your office space, credentialing, staffing, computer selection, and purchasing other equipment and supplies.

Comments 0

Views 575

Starting A Solo Practice: A Sound Tactical Plan is Key to Financing Your New Practice

JAN 01, 2013 By Lawrence Geller and Russell B. Still in Practice Operations, Practice Ownership

A business plan is a critical document used by lenders to evaluate your risk level for a loan. It describes to the lending institution why the ophthalmologist needs – and deserves – a loan to finance the capital and excess operating costs associated with starting a practice.…

Comments 0

Views 620

Starting A Solo Practice: Choice of Legal Entity

JAN 01, 2013 By Alan H. Matilsky and Lawrence Geller in Practice Operations, Practice Ownership

This article addresses the types of legal entities that should be considered by a solo ophthalmologist, and some of the major advantages and disadvantages of each. This article will not consider partnerships as these entities, by definition, require two or more owners at all…

Comments 0

Views 217

Starting A Solo Practice: It Takes Entrepreneurial Spirit and a Desire for Control

JAN 01, 2013 By Lawrence Geller, MBA, MS in Practice Operations, Practice Ownership

A successful solo practitioner is still a viable option in some markets. However it requires the personality, skills, and passion of an entrepreneur. And most importantly, willingness to devote significant time to build the practice.

Comments 0

Views 261

How an Optical Dispensary Benefits the Practice and Patient Care

APR 01, 2009 By Robert B Gollance MD FACS in Practice Operations, Practice Ownership

Ophthalmologists and patients greatly benefit when knowledgeable ophthalmologists take an active role in the management of the optical dispensary. If you concentrate on what is best for the patient, the rest follows.

Comments 0

Views 135

Succession Planning in Group Practice

JUN 01, 2008 By Michael J Parshall in Practice Ownership, Practice Operations

Securing the transfer of practice ownership is only one aspect of succession planning, though, and it’s actually the easiest part. Succession planning involves the transfer of the ownership plus the patient care, management, executive and entrepreneurial duties and responsib…

Comments 0

Views 91

1-15 of 15 results

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