did you
huh?
did you
Posner,
thank you, thank you ,thank you
Its good for students to hear that there is at least a possibility that you can have a nice life in Optometry.
The post quoting gross income of hair salons and dollar stores was an obvious attempt to inflame the unhappy O.D. sentiments , but does not make any sense.... Business 101 "profit margin" was conveintly overlooked. A fine dining restaurant can gross a million and loose money while a hot dog stand can gross 40K and make 30k.
Comparing a business to an other business is like comparing apples to oranges....comparing a health professional to an other business is like comparing apples to Llamas.
At first reading that other post I was angry but that changed, in fact I have evolved quite a bit reading through this forum , I used to get scared reading some of the negative posts here.... and then that changed to anger but now I'm beginning to understand the big picture a little better. Optometry is not an easy field to find success....so ! It seems to take a lot of work, common sense and with some good luck you can make a decent living doing something you like and that you can be proud of yourself and you can help some people along the way , not so bad . I can see why some O.D.s become so frustrated, especially if they went into it with false expectations of easily achieving big bucks and status .... so I no longer get scared or angry reading negative posts, I realize people just have to vent .Thanks again, for your giving balance to this forum with some positive input. Please continue.
BTW... for a dollar store to produce 1.75 mil in annual revenue they would have to sell an avg. $4800 a day worth of merchandise 7 days a week , they seem to be doing well but thats really a stretch , don't you think ?
I wouldnt be too concerned about what other businesses/industries are grossing. I have said it many times before, it is not what you make but what you keep. Furthermore, It has been my experience that finding the best practice for purchase is not accomplished by scouring classified ads in the back of Review of Optometry.
Many of you make it sound like every person you bump into on the street is making $150K plus per year, even the local dog groomer. I would maintain this is simply not true. Optometry is a great profession. I love what I do. I call my own shots. My wife and I drive very nice late model cars that are paid for, I live in a very nice home, I put a considerable amount of money away each month in investments, and I dont worry about how I am going to pay my bills or how I can afford a vacation. Our two children won't have to worry about their college educations, and with a little luck, I will be semi-retired(two days a week) by 52(18 years from now). LIfe is good. Best of all, I get to help people every day.
If you are so depressed about your business, then sell it and move on so you can go complain in another forum somewhere else. Stop trying to drag everyone else down around here...it is getting old.
Posner
I meet to many ODs that are unhappy with there choice of profession. I think the students should hear both sides of the story. Most of these students will be working commercial or at Walmart. Few will have their own practice (unfortunately). I've had some experience in buying and selling practices and the numbers are bad. The broker will say he's doing $400,000 on 3 Dr. days after 30 years of practice. Well he's working 3 days b/c he can't book 5 days. Now everyone is thinking maybe he want's to work 3 days, O.K. so hire someone. Most optometrists for whatever reason don't go out on their own. I have to go so here is my advise buy a practice or start your own.
I think virtually all students coming out of school want to practice to the extent their license allows and access to medical insurance plans is the key to that.
Optometry is worth it if you practice in an area where you can gain access to medical insurance panels.
If you can not, then in my opinion it is NOT worth it. Other people may feel differently but I think virtually all students coming out of school want to practice to the extent their license allows and access to medical insurance plans is the key to that.
Optometry is worth it if you practice in an area where you can gain access to medical insurance panels.
If you can not, then in my opinion it is NOT worth it. Other people may feel differently but I think virtually all students coming out of school want to practice to the extent their license allows and access to medical insurance plans is the key to that.
I beg to differ - don't forget about retinal detachments and many other painful/horrible ocular diseases that optometrists can discover.
The odds of a young, healthy non-highly myopic patient having a sight-threatening condition that would be picked up on a dilated exam but not on an undilated exam are extremely remote.
Does the degree of difficulty gaining access to medical insurance panels depend on areas within a state or from state to state? For example, is it harder to gain access in Southern or Northern California? Or is more difficult say gaining access in California vs New York?
The answer is "it depends."
The issue is really a plan by plan issue, not a state by state issue.
For example, you may have have a plan that discriminates against ODs and they may cover a large number of lives in an entire state. If that's the case, that may not be a great state to practice in.
You may have have a plan that discriminates against ODs and they may cover a large number of lives in a small portion of a state. In that case, as long as you aren't practicing in that part of the state, it doesn't matter.
Other times you have a discriminatory plan that covers very few lives and in this case, it really doesn't matter because so few patients have that plan. It's annoying not having access to that small number of patients but since its small, it doesn't affect your overall business model that much.
So again, plan by plan... not state by state. However, as an example....if most Microsoft employees have Aetna HMO, and you can't access Aetna HMO plan, then Redmond Washington might not be a good place to start a practice.
I was wondering if you have any idea (or anyone else for that matter) as to how often health insurance companies will change what doctors are and aren't allowed on their plan. For instance, let's say an insurance is inaccessible to you today. What is the likelihood that five years down the road they will change their policies and allow OD's? Do these companies often change their policies?
lets say its one in a billion, as an optometrist will you skip dilating because only one in a billion will have a problem? isnt it your job to ensure the well being of everyone of your patients?? as a healthcare professional that is charged with someone else's well being, its great to see that you feel that any form of incomplete care is appropriate for your patients.
and walmart doctors are not incompetent, way to show your ignorance. they pass the same boards and took the same classes as everyone else. they chose their mode of practice for their reasons.
Are you going into dentistry? I hope so because we dont need people like you in our profession.
hat's why there are more doc-in-the-box OD's than DDS's. What's your explanation for the disparity?
Still confused?
there is nothing to gain for walmart having a dentist, unless they manage to secure 99cent crowns in china they can sell. optometrist are able to facilitate selling glasses, thats why they are in walmarts and not dentists. it has nothing to do with "skills."
and i have read that article. but so what. "cost -effective"??? are you serious? so the most cost effective thing to do is to just give young patients refractions and send them on thier way, in fact forget refractions, just auto refract. SOME commercial docs do the bare minimum, are you planning on doing that? What I am saying is its wrong to not give your patient the best care you can manage. Do people do otherwise? Of course, but that is the mentality that makes optometry look bad.
and no, and you should get out of my horse's way
Your patients might. In my office we dilate evey other year in patients under the age of 60 unless there is something that comes up in the chief complaint, history, or exam that necessitates dilation. Patients over the age of 60 are dilated every year. When I first came out of residency, and got a job working for an MD, I dilated every patient every year until I noticed he did not for his younger patients and so I adopted his policy. I have found that patients are more likely to return evey year when they know there may not be a dilation. Plus, with the new technology like non-myd cameras, optomap, etc, if there is something there, the odds are the photo will pick it up and I will dilate to verify.i dont think dilating a measly once a year (or two depending on how often a patient comes in) to look around is too much to ask.
Your patients might. In my office we dilate evey other year in patients under the age of 60 unless there is something that comes up in the chief complaint, history, or exam that necessitates dilation. Patients over the age of 60 are dilated every year. When I first came out of residency, and got a job working for an MD, I dilated every patient every year until I noticed he did not for his younger patients and so I adopted his policy. I have found that patients are more likely to return evey year when they know there may not be a dilation. Plus, with the new technology like non-myd cameras, optomap, etc, if there is something there, the odds are the photo will pick it up and I will dilate to verify.
Anyone who thinks it isn't worth it has never lived in the real world. Unless you are born with access to a significant sums of money and incredible natural business skills you will be making far less for far more work.
there is nothing to gain for walmart having a dentist, unless they manage to secure 99cent crowns in china they can sell. optometrist are able to facilitate selling glasses, thats why they are in walmarts and not dentists. it has nothing to do with "skills."
and i have read that article. but so what. "cost -effective"??? are you serious? so the most cost effective thing to do is to just give young patients refractions and send them on thier way, in fact forget refractions, just auto refract. SOME commercial docs do the bare minimum, are you planning on doing that? What I am saying is its wrong to not give your patient the best care you can manage. Do people do otherwise? Of course, but that is the mentality that makes optometry look bad.
and no, and you should get out of my horse's way
I think having those "primary care" care clinics serves two functions for the boxes. First, those patients will have to buy their cold & flu medicine somewhere after they see the NP. Second, I think the ultimate goal for the big boxes (Wal-Mart especially) is to make their stores the only place people have to go get everything they need. The Super Wal-Mart in our county has a nail and hair salon, a bank, an optical, as well as groceries, pharmacy, clothing, electronics, etc. Having a dentist there, even though there is not a retail side may make sense so that it brings even more people into the store. At the end of the day, the big boxes live and die on volume. They need butts in the store, and if they believe adding a dental clinic will achieve that goal, then you will see a DDS right next to the OD and NP. I'm not making any predictions, just stating what the justification would be.Good point on the optical profits being an incentive to have OD's rather than MD's, but it doesn't explain the recent trend towards putting small "primary care" clinics in big-box retail outlets. These are usually staffed by some sort of nurse practitioner and can handle simple procedures such as screenings, etc. I'm honestly not sure what the incentive is for retailers to have these clinics in their stores, unless it's as a loss leader. It may be that the costs are virtually nil, but as has been pointed out, it doesn't take that much to start up a dental office. Perhaps there's yet another reason why you don't see dentist-in-box retail operations.
$247000 in debt. ICO grad.
3 days in corporate optometry making $100 K
Exhausted from seeing about a million patinets a day.
Don't know what I think about it yet.
Soooo depressing!! And why are you up so early on a Sunday morning?
I'm going to ICO in less than a month...and of course I have considered the debt associated with Chicago. I started a thread with questions about paying off the loans and thought the response was positive. Everybody gets into this debt and turn out just fine. So how could you have changed your present situation? Borrowed less, not started your own practice right away, residency training? Or where you not so happy to do optometry school? Why didn't you go to med school to begin with?
okay, maybe you need a nice yummy breakfast to put you in a better mood.
oh and please feel free to give more ICO advice...thanks doc.
$247000 in debt. ICO grad.
3 days in corporate optometry making $100 K
Exhausted from seeing about a million patinets a day.
Don't know what I think about it yet.
i dont think dilating a measly once a year (or two depending on how often a patient comes in) to look around is too much to ask.
You need to see the reality of optometry. Not what the schools or the AOA tells you. Seriously, before you get too old to turn back you should consider another medical profession. I have done OK by optometry (practicing 24 years) but would be a hell of alot better off having gone to dental/med school. There is no way I would recommend to a young person to go to optometry school if they have more than one functioning brain cell.
You need to go elsewhere. You have not amounted to much professionally, and just as several other like-minded ODs, you blame the profession. I think that making new ODs and prospective students aware of the reality of the profession is one thing. Spinning it as negatively as you have and suggesting one would be a fool to choose optometry because you have fizzled out, is plain wrong. You sound like a grass is greener kind of guy, and it just isnt that way. Not every single MD or DDS makes $300K a year. There are plenty that make $80K-$120K. As I have said before, people such as yourself would likely not have really excelled in ANY profession. Nevertheless, you are entitled to your opinion. If you would like to see "the reality" of optometry, please feel free to give me a call next time you make it to my neck of the woods in CA. I will even put you up in a hotel and take you out to dinner. There are plenty of us that do quite well by optometry and love what we do. Go drag down another profession..
Posner
Actually I have done just fine in optometry. Would I choose this profession as someone starting out...no way. For someone practicing in a state where about all the therapeutics allowed is artificial tears you come on a tad strong. Thanks for reading and now go back to your mercantile practice. But, I would like to take you up on free room and board on a trip to California. BTW, no one is dragging down the profession but outside forces and the AOA.
BTW, no one is dragging down the profession but outside forces and the AOA.
Maybe I'm naive to think this? but I have learned that hardship and risk-taking are inevitable in anything you wish to accomplish in this world, and the key to surviving it all is optimism & a passion for what it is you wish to do, as well as the ability to adapt and create new solutions. Of course, if you are lacking any of these traits, you will just endure more hardship and unhappiness.
To the negative and unhappy optometrists, please stop blaming others for your failures, the only one at fault is YOURSELF. I hope you are able to find happiness elsewhere.
To the optometrists who ARE passionate about optometry, especially those who are willing to offer so much advice, THANK YOU, I admire you all
See...I think you are making the same mistake that so many who have come before you have made and so many who will come after you will make the same mistake as well:
Please forgive me if I'm wrong, but your posting indicates that you feel that as long as you "work hard" and have "passion" and "optimism" that everything will work out great.
None of those things are enough. Your fate in optometry is going to be determined largely by factors far beyond your control to change. As such, it is critical that you identify those factors and select practice modes and locations that mitigate those things.
Over the years, I have certainly contributed my share of negativity to this and other forums. And while I stand by every word I have ever said, I would also point out that I have never once said that you can't make a good and satisfying living in this field.
So many posters are quick to identify negativity, but so many are pre-optometry or optometry students. You haven't even been in the real trenches yet. I have been negative about various issues, but that doesn't mean I don't love optometry. Practicing in an area which I grew up in I feel very fortunate about. We do not have the $29 eye exams to worry about, or buy two pair and get an eye exam free.
I do have a nice income but its from having good exam fees, and billing medical for conditions (dry eyes, photos, gonio-yes use it, plugs, fields) like KHE has beat the horse eternal death before.
The only problem i dislike a lot of times is having empty slots in the exam book because I don't like to sit around. Its hard to have a full appointment book like posner has, its not that common.
Good luck!!
However, "passion" and "optimism" and "hard work" are not what got me here. Those things help, but again they aren't close to enough.
See...I think you are making the same mistake that so many who have come before you have made and so many who will come after you will make the same mistake as well:
Please forgive me if I'm wrong, but your posting indicates that you feel that as long as you "work hard" and have "passion" and "optimism" that everything will work out great.
None of those things are enough. Your fate in optometry is going to be determined largely by factors far beyond your control to change. As such, it is critical that you identify those factors and select practice modes and locations that mitigate those things.
Over the years, I have certainly contributed my share of negativity to this and other forums. And while I stand by every word I have ever said, I would also point out that I have never once said that you can't make a good and satisfying living in this field.
So many posters are quick to identify negativity, but so many are pre-optometry or optometry students. You haven't even been in the real trenches yet. I have been negative about various issues, but that doesn't mean I don't love optometry. Practicing in an area which I grew up in I feel very fortunate about. We do not have the $29 eye exams to worry about, or buy two pair and get an eye exam free.
I do have a nice income but its from having good exam fees, and billing medical for conditions (dry eyes, photos, gonio-yes use it, plugs, fields) like KHE has beat the horse eternal death before.
The only problem i dislike a lot of times is having empty slots in the exam book because I don't like to sit around. Its hard to have a full appointment book like posner has, its not that common.
Good luck!!
I took a different approach. I evaluated what I felt was the best possible business environment in the major geographic area I wanted to live in, and found a very successful practice to buy into. I wasnt stuck on living in a particular town. The area I chose happened to be in the top 10 most desirable areas in the US(U.S. News and World Report 2006). It was small enough to be removed from the big city, yet county-wide it was large enough to have a robust economy.
As far as my full schedule goes, it wasnt always that way. Yes I did start with a small patient load by virtue of the well established practice I purchased into, but it was hardly what it is today. Every patient is an opportunity to educate and to address a patients concerns(there are usually many). If you want to be lazy and peddle glasses all day and elect only to investigate the obvious pathologies(that will likely be referred out of your office), it can be a dull existence. Listen to patients and dont be afraid to try new things; think beyond the glasses/contacts. It takes constant work to keep your slots full. Whenever I slack off(i.e. lately since we have switched our office computer system in both offices to EMR) I can see a measureable impact in parts of my schedule.
Posner
Went to NEWENCO, graduated 2000 with 150K in debt (Boston is quite expensive). I live paycheck to paycheck and have to rely on my wife's teacher salary to help pay the bills. Work commercial because it pays the best but still not enough. Wish I knew what I knew what I know now. I should have stuck with my original choice of pharmacy. Have several friends that are pharmacists and they make 6 figures and they at least get every other weekend off. Not like me working every Saturday for the rest of my life.
How many other doctors work weekends as much as O.D.'s do? Good luck trying to have a normal life when you start having kids and you are working every weekend. Like I said I don't have a trust fund and I didn't marry rich so I have to do what I can to pay for my school debt, mortgage, etc. With student loans of students approaching 200K these days the cost to benefit of optometry is no longer worth it.
30K tuition/yr
20K living expenses/yr
= 200K