In the episode of Akrinos Access, Jackson Pace, CFP, Founder, Refractional CFO, join us to discuss financial benchmarking and how to utilize benchmarks for strategic decision-making in your practice.

What is financial benchmarking?

~ What is the role of financial benchmarking for the eyecare practice?

How does benchmarking impact the practice:

~ Strategic decision-making?

~ Across the patient journey?

~ Performing operations & workflows?

~ Practice economics (profitability)?

Role of benchmarking across stages of practice lifecycle

~ Cold-start

~ Recently Purchased

~ Established

~ Preparing for partnership or exit

How can modern ECPs ensure their financial house is in-order for their practice?

~ Where to start?

~ How to identify the need?

~ How to find the right the solution?

Financial benchmarking and strategic decision-making

~ What hurdles to implementation?

~ Best Practices

Tell us about your experience

~ Brief bio

~ Intro: Refractional CFO

~ Solutions you provide

~ Impact to the practice, ROI?

~ Contact

How can modern ECPs benchmark their financial performance NOW?

Learn https://www.refractionalcfo.com

Link https://www.linkedin.com/in/jcpace/

For more modern Optometry practice management insights & solutions

Learn https://www.akrinos.com/

Link https://www.linkedin.com/company/akrinos/

Like https://www.facebook.com/akrinos

Follow https://www.instagram.com/akrinosllc/

#businessfoundations #diylaunchpad #diytransition

#strategy #profitability #transition #businessbuilder

#practicelaunchpad #360valuation #retailaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

In the episode of Akrinos Access, Ken Jorgenson, National Director, CARR, join us to discuss modern healthcare real estate, site selection, and lease negotiation for modern ECPs.

Let's start by discussing the role of location & terms for the modern eyecare practice

How do location & terms impact the practice:

~ Across the patient journey?

~ Performing operations & workflows?

~ Practice economics (profitability)?

Role of location across stages of practice lifecycle

~ Cold-start

~ Recently Purchased

~ Established

How can modern ECPs optimize location & terms for their practice?

~ Where to start?

~ How to identify the need?

~ How to find the right the solution?

Negotiations

~ Identify some of the key negotiation items

~ What hurdles to implementation?

~ How to overcome: “that’s just the way it is”

~ Best Practices

Tell us about your experience in commercial real estate

~ Brief bio

~ Intro: CARR

~ Solutions you provide

~ Impact to the practice, ROI?

~ Contact

Learn https://www.carr.us

Link https://www.linkedin.com/in/ken-jorgenson-a4124451/

For more modern Optometry practice management insights & solutions

Learn https://www.akrinos.com/

Link https://www.linkedin.com/company/akrinos/

Like https://www.facebook.com/akrinos

Follow https://www.instagram.com/akrinosllc/

#businessfoundations #diylaunchpad #diytransition

#strategy #profitability #transition #businessbuilder

#practicelaunchpad #360valuation #retailaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

In the episode of Akrinos Access, we connect with Jennifer Stewart, OD, Owner, Look New Canaan, to share her path discovering her Mission, Vision, & Purpose, and launching her cold-start practice..

Let's start by sharing your BIG news... CONGRATULATIONS on the opening of Look New Canaan!

~ Tell us about the practice

Now, let's get into core of building your business-- finding "the why"

~ What is "the why"?

~ The role of core values

~ How can a modern OD discover their why?

~ Tell us about your why in launching Look New Canaan

"The Why" informs Mission, Vision, & Purpose, briefly define & discuss each

~ Vision

~ Mission

~ Purpose

How do these concepts impact the practice? (Sharing firsthand accounts from Look New Canaan!)

~ Building your team

~ Across the patient journey

~ Day-to-day operations

~ Aligning with strategic partners and vendors

~ Practice economics (profitability)

Let's apply these concepts across stages of practice lifecycle, at various business milestones

~ Cold-start

~ Newly Purchased/New Ownership

~ Partnership

~ Established, next phase of growth

~ Established, preparing for exit

How can modern ECPs find their why and establish their vision, mission, & purpose?

~Best Practice

~ Read Independent Strong (discuss scope of content IS publishes)

~ Share a sneak peek of your Keynote at Business Builder: Pathways to Success for Modern ECPs!

Learn https://www.looknewcanaan.com

Link https://www.linkedin.com/in/jenniferstewartod/

For more modern Optometry practice management insights & solutions

Learn https://www.akrinos.com/

Link https://www.linkedin.com/company/akrinos/

Like https://www.facebook.com/akrinos

Follow https://www.instagram.com/akrinosllc/

#businessfoundations #diylaunchpad #diytransition

#strategy #profitability #transition #businessbuilder

#practicelaunchpad #360valuation #retailaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

In the episode of Akrinos Access, we connect with Steve Alexander, Head of Growth, Anagram, to dissect managed vision care plans, discuss their role in the modern practice, and share the options available to independents to grow with or without VCPs.

Let's start by discussing managed care

~ Insurance

~ Medical Insurance

~ Medicare/Medicaid

~ Discount Plan

~ Vision Care Plan

~ Insurable Risk

How to vision plans work?

~ Explain the system

~ Present the economics of the VCPs

~ VCPs from perspective of patient, practice, and plan

Impact of vision plans across the practice:

~ Across the patient journey?

~ Performing operations & workflows?

~ Practice economics (profitability)?

Discuss modern approaches to working with VCPs across stages of practice lifecycle

~ Cold-start

~ Recently Purchased

~ Established

How can ECPs leverage VCPs in their practice?

~ Where to start?

~ How to identify the need?

~ How to find the right solutions?

Changing the role of VCPs

~ What hurdles to implementation?

~ How to overcome objection: “the way we’ve always done things”

~ Best Practices

Tell us about your experience in helping practices optimize VCPs

~ Brief bio

~ Intro: Anagram

~ Solutions you provide

~ Impact to the practice, ROI?

~ Contact

How can modern ECPs take control of VCPs in their practice NOW?

Learn https://www.anagram.care

Link https://www.linkedin.com/in/steve-alexander-b31a992a/

For more modern Optometry practice management insights & solutions

Learn https://www.akrinos.com/

Link https://www.linkedin.com/company/akrinos/

Like https://www.facebook.com/akrinos

Follow https://www.instagram.com/akrinosllc/

#businessfoundations #diylaunchpad #diytransition

#strategy #profitability #transition #businessbuilder

#practicelaunchpad #360valuation #retailaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

Behind every treatment, piece of diagnostic equipment, and medical device are myriad studies and clinical trials.

In this episode, Akrinos Access welcomes Tom Quinn, OD, MS, FAAO, FSLS for "Becoming a Clinical Investigator" to discuss best practices for implementing clinical trials in private practice and how to become a certified clinical investigator through the American Academy of Optometry's Clinical Investigator Certification program.

Dr. Quinn and his wife, Dr. Susan Quinn, established a group practice in Athens, Ohio in 1983. He is Associate Director of the Gas Permeable (GP) Lens Institute and is a past recipient of the GPLI’s GP Lens Practitioner of the year Award. Tom has served as chair of the American Optometric Association’s Contact Lens and Cornea Section Council, is a diplomate of the Cornea, Contact Lens and Refractive Technologies Section of the American Academy of Optometry, and is a fellow of the Scleral Lens Education Society. Tom is past chair of the EastWest Eye Conference and has served on the Educational Advisory Board for Vision Expo.

He was the 2019 Recipient of the American Academy of Optometry’s Vincent Ellerbrock Clinician Educator Award and was recently inducted into the Academy’s Hall of Fame. He was the 2022 Recipient of The Ohio State University College of Optometry’s Distinguished Alumnus Award.

Tell us about your eyecare journey.

~What inspired you to become an optometrist?

~Tell us about the evolution of your career

~How did you get into clinical investigation?

Clinical trials in private practice:

~Share Your Experience

~Opportunity

~Impact to Operations

~Impact to Economics

How to add clinical trials to you practice

~Preparation:

-Infrastructure

-Standard Operating Procedures (SOPs)

-Equipment

~Securing Studies:

-Stakeholders (Customers)

-Where to find opportunities

~Best Practices

AAO Clinical Investigator Certification

~Provide an overview of the American Academy of Optometry

~What is the Clinical Investigator Certification program?

~Who is eligible?

Discuss the training

~How long is the process?

~Where can doctors learn more about the CIC?

Learn https://www.aaopt-learning.org/courses/CICPOP

Learn https://www.aaopt.org

For more modern Optometry practice management insights & solutions

Learn https://www.akrinos.com/

Link https://www.linkedin.com/company/akrinos/

Like https://www.facebook.com/akrinos

Follow https://www.instagram.com/akrinosllc/

#businessfoundations #diylaunchpad #diytransition

#strategy #profitability #transition #businessbuilder #practicepulse

#practicelaunchpad #360valuation #retailaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

In this episode of Akrinos Access, we connect with Roxanne Arnal, OD, CFP, Founder, C3 Wealth Advisors, joins Akrinos Access to discuss private practice as a controllable investment and how modern ECPs can increase ROI during their clinical career and maximize value upon exit.

Let's start by exploring investments:

-What is an investment?

-Identify different types of investments

-Discuss the roles of different investment (income vs growth, etc.)

-How to value an investment

-Other

Return on Investment

-What is ROI?

-How do you calculate ROI?

Taxation and investments

-Provide an overview of tax treatment of different investments

-Qualified accounts

-Non-qualified accounts

-Real Estate

-Your Practice

-Other

Tax Strategies for practice owners

-Qualified accounts

-Including tax treatment in the analysis

Time horizon and risk tolerance

-Risk/reward

What are the key considerations for "your practice as a controllable investment" across practice lifecycle

-Cold-Start

-Recently purchased

-Partnership

-Mature practice

Benefits of a diversified portfolio

-Best practices for ECPs to optimize their portfolio

Tell us about your experience

-Brief bio

-Solutions you provide

-Contact

Learn https://www.c3wealthadvisors.ca

Link https://www.linkedin.com/in/roxannearnal/

For more modern Optometry practice management insights & solutions

Learn https://www.akrinos.com/

Link https://www.linkedin.com/company/akrinos/

Like https://www.facebook.com/akrinos

Follow https://www.instagram.com/akrinosllc/

#businessfoundations #diylaunchpad #diytransition

#strategy #profitability #transition #businessbuilder

#practicelaunchpad #360valuation #retailaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

When is it time to adopt change, stop "doing things the way we've always done" and start doing things differently?

In this episode of Akrinos Access we connect with Mark Clark, MBA, ABOC, VP of Digital Solutions, Modern Optical, joins Akrinos Access to discuss dynamic changes in care, consumer behavior, and the workplace, and how "doing different" can position the modern practice for sustainable growth.

Let's start by sharing where this idea originated... as so many great collaborations do: a thought-provoking LinkedIn post!

-What was the post?

-What inspired the post?

Impact of "doing different" across the practice:

-Across the patient journey?

-Performing operations & workflows?

-Practice economics (profitability)?

Discuss modern approaches across stages of practice lifecycle

-Cold-start

-Recently Purchased

-Established

How can ECPs "do different" in their practice?

-Where to start?

-How to identify the need?

-How to find the right solutions?

Change management in the modern workplace

-What hurdles to implementation?

-How to overcome team objection: “the way we’ve always done things”

-Best Practices

Tell us about your experience in helping practices "do different" rather than "doing more"

-Brief bio

-Intro: Ocho/Modern Optical

-Solutions you provide

-Impact to the practice, ROI?

-Contact

How can modern ECPs start "doing different" in their practice NOW?

Learn https://www.modernoptical.com

Link https://www.linkedin.com/in/mark-clark-mba-aboc-08497746/

For more modern Optometry practice management insights & solutions

Learn https://www.akrinos.com/

Link https://www.linkedin.com/company/akrinos/

Like https://www.facebook.com/akrinos

Follow https://www.instagram.com/akrinosllc/

#businessfoundations #diylaunchpad #diytransition

#strategy #profitability #transition #businessbuilder

#practicelaunchpad #360valuation #retailaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

In this episode, Akrinos Access welcomes Steve Vargo, OD, MBA for "Creating Motivational Systems in Your Practice" to discuss how systems, management techniques, & leadership styles impact results in the modern practice.

Let's start by sharing where this idea originated... as so many great collaborations do: a thought-provoking LinkedIn post!

~What was the post?

~What inspired the post?

Organizational structure of the modern practice

~Departments

~Management

Getting things done!

~Standard Operating Procedures

~Day-to-day functions

Setting & achieving goals

~Leading vs Managing

The modern practice as a workplace

~Hiring for a Job vs Developing for a Career

~Trends in staffing & engagement

~Culture

~Compensation & Benefits

Motivational Systems

~Let's define them

~Benefits to stakeholders

~How to establish motivational systems in your practice

Learn https://www.drstevevargo.com

Link https://www.linkedin.com/in/evonmendrin/

For more modern Optometry practice management insights & solutions

Learn https://www.akrinos.com/

Link https://www.linkedin.com/company/akrinos/

Like https://www.facebook.com/akrinos

Follow https://www.instagram.com/akrinosllc/

#businessfoundations #diylaunchpad #diytransition

#strategy #profitability #transition #businessbuilder #practicepulse

#practicelaunchpad #360valuation #retailaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

Are your books ready for year-end?

In this episode of Akrinos Access, we welcome Amanda Collaso, Founder, Bookkeeping for Optometry to discuss year-end bookkeeping essentials for the modern practice.

Provide an overview of bookkeeping.

What is the significance of bookkeeping at year-end?

What are the unique aspects of bookkeeping for optometry at year-end

~Chart of Accounts

~Managed Care/Lab Adjustments

~Managed Care/Lab Charge-backs

~Wages

~Cost-of-Goods

~Other

Key areas of consideration for year-end

~Where to start

~How to clean-up your books

~Other

New habits in the new year

~How to structure chart of accounts

~Tips & best practices

~How frequently should be reconciling?

~Tips & best practices

~Other

Learn https://www.bookkeepingforoptometry.com

Link https://www.linkedin.com/in/amandacollaso/

For more modern Optometry practice management insights & solutions

Learn https://www.akrinos.com/

Link https://www.linkedin.com/company/akrinos/

Like https://www.facebook.com/akrinos

Follow https://www.instagram.com/akrinosllc/

#businessfoundations #360transition #diytransition

#strategy #profitability #transition #businessbuilder #practicepulse

#rcmkickstart #360valuation #retailaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

Do you look at your practice as an asset, and consider how the strategic decisions made today impact the ROI and long-term value of the business?

In this episode of Akrinos Access we connect with Evon Mendrin, CFP, CSLP, Founder, Optometry Wealth Advisors, sharing key insights for looking at your practice as an asset to optimize value-focused strategy across the business.

Let's start by defining key financial terms:

~What is an asset?

~What is a liability?

~What is equity?

How do you value assets?

~Book Value

~Fair Market Value

~Other

Return on Investment

~What is ROI?

~How do you calculate ROI?

Taxation and investments

~Provide an overview of tax treatment of different assets

~Qualified accounts

~Non-qualified accounts

~Real Estate

~Your Practice

~Other

Tax Strategies for practice owners

~Qualified accounts

~1031 Exchange

~Section 179

~Including tax treatment in the analysis

Time horizon and risk tolerance

~Risk/reward

What are the key considerations for "practice as an asset" across practice lifecycle

~Cold-Start

~Recently purchased

~Partnership

~Mature practice

Benefits of a diversified portfolio

~Best practices for ECPs to optimize their portfolio

Learn https://www.optometrywealth.com

Link https://www.linkedin.com/in/evonmendrin/

For more modern Optometry practice management insights & solutions

Learn https://www.akrinos.com/

Link https://www.linkedin.com/company/akrinos/

Like https://www.facebook.com/akrinos

Follow https://www.instagram.com/akrinosllc/

#businessfoundations #diylaunchpad #diytransition

#strategy #profitability #transition #businessbuilder

#practicelaunchpad #360valuation #retailaccelerator #independent #eyecare #visioncare #modern #optometry #optometrist #optician #optical #privatepractice #practicemanagement #practicesuccess #akrinos #coldstartcorner #askakrinos #akrinosaccess #eyesoftheworld

In the world of tech, the “stand-up” meeting has gained significant traction in recent years. While tech might seem far from the world of eyecare, this meeting style holds significant advantages that can benefit your practice.

Did you know that over 90% of hearing aid users have vision loss?

Also, the number of eye care professionals exceeds hearing care professionals by as much as 6 to 1!

In this episode of Akrinos Access we connect with Scott Lineweaver, Founder, Eye & Ear, to discuss the growing public health need for hearing care, how ECPs are positioned to provide much-needed care in their community, and the impact this addition can have on practice economics.