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Visionary Strategies - Todd Cohan - Optometrists Building Empires - Episode # 001
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Take your optometry practice to new heights with expert insights from Dr. Todd Cohen. In this episode, we delve deep into the world of clinical practice management, growth strategies, and industry trends. Learn from Dr. Cohen as he shares his journey from establishing a successful practice to becoming a leader in the optometry field. If you're eager to optimize patient care, advance your business acumen, and stay updated with the latest technologies, this conversation is a must-listen. Get ready to be inspired and take actionable steps to build your own optometric empire!
Takeaways:
- Know Your Metrics. Focus on understanding costs as these metrics help define the roadmap for advancing a practice and ensuring profitability.
- Keep Your Ear to the Market. Stay updated with market trends and technological advancements and implement them effectively to advance patient care and business growth.
- Be Patient-Centric. Balance professional commitments with personal life. Creating a warm and caring environment for patients can lead to better patient retention.
- Embrace Change and Adaptability. Adapting practice hours and policies to meet the needs of both patients and staff can positively impact business. In most instances, flexibility does not negatively impact overall business.
- Consult and Help Peers. Sharing knowledge and expertise with peers can help elevate the entire profession. Consulting others can aid practitioners in diversifying their practices and improving their specialties.
- Diversify Your Practice. Avoid focusing solely on one aspect of care. This helps in increasing revenue streams that are not reliant on third-party payers.
- Maintain Competitive Compensation and Benefits. Ensure that staff morale and retention are high by making sure salaries are competitive and providing additional perks.This also includes using virtual assistants to assist staff and improve efficiency.
Quote of the Show:
- “Stick to your intuition, keep caring for patients, and success will follow.” - Todd Cohan
Links:
- Twitter: https://twitter.com/tcohanod
- LinkedIn: https://www.linkedin.com/in/dr-todd-cohan-o-d-3b297a8/
- Company website: https://www.forsightvisioncare.com/
Ways to Tune In:
- Spotify: https://open.spotify.com/show/5w1H9BBwRXvBSSkexePYxG
- Apple Podcasts: https://podcasts.apple.com/us/podcast/optometrists-building-empires/id1762685070
- Amazon Music: https://music.amazon.com/podcasts/689a039b-54ce-4f04-b641-66d8640d93d0
- Podchaser: https://www.podchaser.com/podcasts/optometrists-building-empires-5812208
- YouTube: https://youtu.be/nIFeOYdprk4
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