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The particulars of partnership agreements often vary depending on the circumstances and culture of a practice, in almost all cases they cover four subjects: practice buy-ins, division of net income, governance issues, and buy-outs. The three elements, which a person is essentially buying, are a practice's tangible assets, accounts receivable, and goodwill.

How to hire top talent

The leaders of two professional ophthalmology organizations discuss ways to hire top talent and retain them. Included in their tips are over-looked sources for potential employees such as national chains, the importance of job descriptions and what to include in them, and training.

Change in the practice setting can affect acquired skill sets, physician expectations and, perhaps most significantly, delivery of patient care. Major sources of change in ophthalmic practices include: technology, personnel, compensation, workload, patient mix, and payers.

People, whether they are the patients, co-workers, or just a stranger re-affirm why some people are still in the field of patient care. They give the opportunity to "care."

Supplementation with omega-3 fatty acids, omega-6 fatty acids, and fish oils in patients with dry eye probably will decrease the overall inflammatory state of the eye based on subjective evidence, but objective placebo-controlled trials should be conducted to validate this recommendation.

A proprietary IOL cutter (Packer/Chang IOL Cutter, Microsurgical Technology) is a micro-scissors that can be inserted through a paracentesis incision while the surgeon holds the optic with a forceps through the phacoemulsification incision. The instrument facilitates safe removal of IOLs.

A proprietary titanium caliper (Steiner Titanium Caliper, Stronger Medical Instruments) was designed to maintain accurate measurements and resist deforming of the tips even after numerous cycles of cleaning.

There is an inherent tension between the appeal of maintaining a successful, secure business and the desire to expand the business. According to Dr. McDonnell it is much more common for practices and departments to wait too long before beginning the process of adding excellent people to build upon a successful and vibrant operation.

Iridex Corp. has received 510(k) clearance from the FDA for a family of laser systems (IQ 532, IQ 577, IQ 630-670, and IQ 810) and their associated delivery devices to deliver laser energy in three different modes (CW-Pulse, MicroPulse, and LongPulse).

A special committee of the Genentech Board of Directors has unanimously rejected a proposal by Roche under which Roche would have acquired the shares of Genentech it did not own for $89 per share.

In today's podcast, Nick Mamalis, MD, talks about preoperative and postoperative endophthalmitis prevention. Also, Okihiro Nishi, MD, discusses the Ridley Medal Lecture he delivered about a new IOL refilling procedure to restore accommodation. Additionally, Walter Sekundo, MD, talks about femtosecond lenticule extraction, and Luis Antonio Ruiz, MD, relays outcomes of a recent study regarding intrastromal correction of presbyopia.

Alcon, Inc has launched the +3.0 Add Power AcrySof ReSTOR aspheric intraocular lens (IOL) with blue light filter. The lens completed CE mark approval in the third quarter of 2007 and will be available throughout the EU beginning next week.

On August 20th, Tiolat Oy, manufacturer of the iCare Tonometer, underwent a makeover and changed its name to iCare Finland Oy. In a conversation with Ophthalmology Times Europe, newly-appointed CEO Ari Tiukkanen outlined the reasons behind the recent name change, and discussed how the new name fits into the company's plans for the future.

Bimanual microincision cataract surgery (MICS) and microaxial phacolemulsification provide optically better incisions but bimanual MICS respects more corneal prolateness than microaxial phaco, Mr Jorge Alio, told delegates. "MICS is associated with less corneal oedema in the short term and less inducation of corneal aberrations in the long term," he said.