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    Al's Performance Pics - Reading That Matters

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    May 28, 2009

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    Al, I always enjoy checking into your blog for your insightful (no pun intended) analysis.

    Re your 5/28 entry, I took note of the 7% decline in revenue figure you referenced, i.e. "...45% of revenue currently coming from eyewear (down from 52% in 2000)..." There may be a couple of inferences drawn from this ratio; one, the percentage may be a reflection of higher average exam/professional fees charged by ECPs relative to their total revenue, or two, the ECP is losing market share on the materials component to the commercial sector.

    According to our data, if the decline is due to loss of market share, this 7% represents approximately $1.5 Billion of lost revenue or $50,000/optometrist. Again, according to our data, this loss averages approximately 2 sales per workday (4 per workday if you remove the number of OD's working in a commercial setting from the total number of licensed OD's).

    I agree 100%. Invest in your staff and train, train, train.
    Send them to a Cleinman weekend and it will pay for itself in a week. ( I have no financial interest :) )
    We just provided a frame rep with a new pair of eyewear and she stated during the process that other places didn't seem as knowledgeable. This is a lady that sees lots of opticals. What a sad statement for OD's. (Good for us but we still have lots to learn!) I think overall we as OD's are a bunch of cheap SOB's. We don't want to invest money in our staff. That and our egos tell us the reason why patients come in to see us is because of ourselves when 50% of the reason or more is the staff. Maybe we just want good enough and not excellence. I pledge to set the bar higher.

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