The Focused View: Empowering Eye Care Professionals
"The Focused View" is a podcast dedicated to exploring the latest trends, strategies, and innovations in the eye care industry. Hosted by industry expert Michael Nasser, each episode features in-depth interviews with thought leaders and practitioners who are pushing the boundaries of optometry. With a focus on empowering eye care professionals and elevating the industry, "The Focused View" provides valuable insights and inspiration for anyone looking to stay ahead of the curve in this rapidly evolving field. Tune in for engaging conversations, expert analysis, and a clear vision for the future of eye care.
The Focused View: Empowering Eye Care Professionals
EP40: The Leap Into Ownership: Strategies for Emerging Optometry Practice Owners with Erich Mattei - Part 1
You've finally decided, you want to own your own practice. But then comes the big question: where do I even start? Should you build one from scratch or take over an existing practice? It's exciting… but also a little overwhelming, right?
In this episode, Erich Mattei of Akrinos is back to unpack what it really takes to step into practice ownership in today's optometry landscape. From identifying each phase of the practice lifecycle to good practice acquisition and making a modernised workflow, Erich shares his strategic framework that every current or future practice owner can use.
About the Guest:
Erich Mattei is President + Chief Vision Officer of Akrinos, a practice management consultancy providing business solutions & advisory to eye care professionals starting, growing & transitioning their private practice in the U.S. He holds an MBA in Entrepreneurship & Innovation from Loyola University New Orleans. Erich is also a partner of the American Optometric Association Center for Independent Practice and a member of the American Academy of Optometry Foundation President's Circle. Erich lives in New Orleans with his wife and two kids. Outside of work, he enjoys cycling, hiking, family road trips, and playing guitar.
Key Topics with Timestamps:
0:59 - Erich's background in the eye care industry
2:57 - The 3 phases of practice lifecycle
4:17 - Phase 1: Emerging practice
5:01 - Phase 2: Established practice
8:57 - Phase 3: Legacy practice
10:25 - Why every phase of business comes back to serving your community
15:14 - Trends in new optometrists pursuing independent ownership
18:31 - Incorporating specialty care into the practice
23:28 - What makes a good practice acquisition
25:22 - 3 general areas of due diligence in buying a practice
28:52 - The importance of financial statements to the revenue value of the patient
All the other links and resources mentioned in this episode can be found at
https://www.thefocusedview.com.au
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