Young OD Wants To Know When To Bring In Another Doctor
By Jerry Hayes OD | in
|
10/14/2009 - 5:15 pm
Dear Jerry,
I now have a good problem and want your opinion on how to proceed. Here is my situation.
After being an employed OD for ten years, I opened my own practice cold two years ago.
Working solo four days per week, I generated collected gross revenues of $526,000 in 2008.
My practice is now growing in leaps and bounds with a consistent backlog of 3 to 4 weeks over the last four months.
I am on track to gross $700,000 in 2009. I am still paying off some start-up expenses, so my net is only 25%.
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This doctor is definitely not
This doctor is definitely not ready for an associate for all the reasons stated plus some more. I have found that most optometrists need a great deal of help delegating procedures to technicians. If she wants to work smarter not harder she should review those systems. May solo OD's with effective delegation are in the 1.25 to 1.5 million dollar range. Refractions and many other tests can be very effectively performed by tecs and then analyzed by the doctor. That's how you really start working smarter.
BJM