As an optometrist, you’re aware of the challenges facing your practice: competition, reimbursement constraints, and discerning patients. To stay ahead, consider embracing in-office lens finishing—a game-changing strategy that can significantly impact your bottom line.
Why In-Office Lens Finishing?
Control and Convenience
Unlike relying on external labs, in-office finishing puts you in the driver’s seat. You control the entire process, from lens selection to precision cutting. Patients appreciate the convenience of receiving their eyewear promptly, and you gain a competitive edge.
Profitability
Yes, there’s an initial investment (around $50,000 for start-up costs), but the long-term benefits are substantial. Correctly executed in-office finishing translates to savings and earnings throughout your career. Especially for practices with multiple doctors, the financial impact is remarkable.
Maximizing Independence
Optometrists who retain more profits remain fiercely independent. This financial autonomy allows you to make decisions that align with your practice’s vision. Whether it’s investing in advanced equipment, expanding your services, or elevating staff earnings, having more control over your revenue stream empowers you.
Strengthening Your Competitive Position
When competing with larger entities, every dollar counts. By keeping profits in your pocket, you galvanize your position. Allocate those extra funds toward infrastructure improvements, marketing efforts, or simply take home more of what you earn. Independence isn’t just a buzzword—it’s a strategic advantage.
The Math Behind It
Let’s break it down.
Imagine a patient orders a Single Vision Surfaced lens with anti-reflective coating from an external lab. The cost might range from $50 to $100.
Now consider this: You can obtain a pair of stock lenses from Highland Optisupply for approximately $5 depending on what lens you choose. Charging your patient around $160 for these lenses means you’re making $155 per lens instead of the $60 you’d get from the lab. Multiply that by the number of patients you serve, and the profits add up quickly.
Real-World Example
Scenario: You’re a single OD selling 40 pairs of antireflective glasses to patients each week.
Weekly Profit:
- Lab Option: $60 profit per lens × 40 lenses = $2,400
- In-Office Option: $155 profit per lens × 40 lenses = $6,200
Annual Impact:
- Lab Option: $2,400 × 52 weeks = $124,800
- In-Office Option: $6,200 × 52 weeks = $322,400
Highland Optisupply’s Role
At Highland Optisupply, we offer finishing lab supplies and an extensive range of stock lenses at competitive prices. Our commitment to quality ensures that your patients receive exceptional eyewear. Whether you’re a solo practitioner or part of a larger practice, effective in-office finishing can transform your business.
Remember, it’s not just about lenses—it’s about maximizing profitability and patient satisfaction. Invest wisely and let Highland Optisupply support your success.