SIMPLE PRACTICE VALUATION
Want to list your practice but don’t know what it’s worth? Order a Simple Practice Valuation! Send us your last three years of financials. We will analyze them and deliver our professional opinion of your fair market value.
FULL PRACTICE APPRAISAL
Whether you’re considering selling your practice or just want to know exactly where you stand, our full practice appraisal may be right for you. This comprehensive appraisal looks at all aspects of your practice and offers a full multi-method financial analysis as well as a demographic assessment and fair market valuation.
CONSULTING FOR PROFITABILITY
The easiest way to build value and profitability is to build your sales dollars with incremental sales. Incremental sales are sales dollars in excess of what you would typically collect that make a huge difference in profitability. Why? Because you are already paying the rent, the utilities, the staff, etc. so each additional dollar falls largely to your bottom line profit! Typically eye care practices have about 30% cost of goods, so nearly 70% of additional sales will fall to the bottom line. All of this is possible without seeing additional patients!
When you contract our consulting for profitability services we charge an initial fee that includes the following services.
- Business analysis
- Building a custom action plan
- Building custom implementation tools
- Onsite and distant training for officers and staff
- Progress monitoring and process adjustments
Subsequently, we only make money if you do. In the analysis, we identify a performance baseline from the past year. After the initial setup fee, all our earnings will be based on your business outperforming that baseline revenue.
LET’S TALK ABOUT MONEY…
If you are not profitable, you cannot keep up with investing in the technology, equipment, people, and products that help produce great patient care. I have a friend that was the president of a non-profit hospital group. He said that even non-profits have to be profitable, otherwise, they would be in the same boat: it takes money to invest in the newest equipment and technology, and if you don’t do that, eventually the patients will be going somewhere else for their care.
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Eric Rollins, Principal
OptiRova LLC is led by Eric Rollins, with 30 years of experience in the Eye Care field. Eric has a business background, majoring in Business Administration with Marketing Emphasis. After a career featuring senior positions in optical retail, frame, and laboratory sectors, he began helping Eye Care Professionals build profitability and patient satisfaction while streamlining business practices.