Veatch Ophthalmic Instruments has long been committed to the benefits of incorporating technology and automation within an ophthalmic practice. While some ophthalmologists and optometrists still hold to the manual observation and diagnostic testing, it has been proven that your practice can provide better care and save time and money by implementing automated ophthalmic equipment.

 

We have addressed in past articles, the improved diagnostic results yielded by these ophthalmic instruments, as well as the cost effectiveness of equipment that combines several key diagnostic instruments in one machine. This includes automated refractors, keratometers, and automated imaging technology including anterior and posterior eye imaging and retinal imaging. In this article, we would like to take the time to specifically target the topic of revenue.

 

There is far more than dollars and cents at stake in the running of a practice. By working in the health industry, you care for people day in and day out, and that is and should be the top priority in any ophthalmic practice. But, in order to do that to your maximum ability, you need to run your practice in an efficient manner. This means timely appointments, competent staff and strategic implementation of modern medical technology - all of which take monetary investment and the overall fiscal stability of your practice.

 

At the end of the day, to ensure that you will be there for your patients, you must run your practice as a successful business. Calculating profits and expenditures is difficult in any small business and as an ophthalmic professional you have to wear many hats including care giver and CEO. We have taken the opportunity to create and offer tools to you so that you might calculate the benefits of implementing technology like the ReSeeVit Systems and the Huvitz line of automated ophthalmic equipment. By knowing the facts and figures about this technology and its potential effect on your practice you can make an informed decision.

 

By using automated ophthalmic equipment and retinal imaging technology, you'll be able to complete more images and see more patients. By balancing your payments on an advanced ReSeeVit system with the number of anterior images  and posterior images  you can take as a practice, you'll be able to calculate your Return on Investment in the system. A simple example, if your monthly payment on your ReSeeVit ophthalmic system is $125.00 and you take 10 anterior ocular images  and 10 posterior ocular images , you will bring in a potential net profit of $3,772.00. As this practice area grows, so does your revenue while your costs stay the same.

 

This kind of ROI doesn't happen every day and as you make your practice more efficient with automation and technology you'll be able to maintain a lower overhead while maximizing profits, enabling you to offer the best possible staff and care to your patience.

 

We have also devised arevenue calculatorfor assessing your net annual revenue increase with the implementation of a Huvitz CDR-3100 Digital Refractor. We have long been proponents of automated refractors, but now you can plug in data relating to your practice and truly assess the investment potential of implementing a system like this.

 

If you aren't as business minded, this calculator will also help you understand what you should be measuring in order to grow your practice, namely the number of exam rooms you have, your exam fee, the percentage of patients who ultimately need glasses, your profit per pair of glasses and the potential patient increase per room with the implementation of automated ophthalmic equipment.