Ophthalmologists must be proactive to achieve success, and demographics play a key role in that planning. With an aging patient population, demand for quality eye care will continue to grow.
Reviewed by Derek A. Preece, MBA
Every physician who sets up his or her own office dreams of one day having a premier practice that is the envy of colleagues. Dreaming big may be the first step, but achieving the goal is another thing altogether.
There is a road map for success and its path can be found in the annual Academetrics benchmarking survey by the American Academy of Ophthalmology (AAO) and the American Academy of Ophthalmic Executives (AAOE).
During a presentation at the 2018 meeting of the American Academy of Ophthalmic Executives titled “Benchmarking: How Do TopTier Practices Differ From Average Practices?” Derek A. Preece, MBA, discussed what the top-tier practices are doing different, and offered some insight into just what might be a key to their success and how others may replicate it.
Preece is partner and executive consultant with BSM Consulting. With an aging population, the demand for quality eye care will continue to grow. However, Preece pointed out that universities are not minting new ophthalmologists at a pace to keep up with demand.
“The new doctors just are not coming into the field in higher numbers,” he said. “It is just flat.” A key factor in the numbers of ophthalmologists also is retirements, meaning that the numbers are shrinking slowly through attrition.
Derek A. Preece, MBA
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This article was adapted from Preece’s presentation at the 2018 meeting of the American Academy of Ophthalmic Executives. He has no financial interests or relationships to disclose. Allergan is a client of BSM Consulting.