Understanding what makes an optometric practice valuable — and how that value can be strengthened over time — was the focus of the latest webinar in Eye Care Business Canada’s Optometry Practice Strategies Series – Build • Grow • Transition.
Presented by Jackie Joachim, Factors Driving Practice Value in Today’s Market examined practice valuation from the perspective of today’s evolving market.
Looking Beyond the Numbers
A key theme of Joachim’s presentation was that practice value is influenced by much more than revenue alone.
She explored the financial, operational and market factors that can influence what a practice is worth and, importantly, how attractive it may be to a prospective buyer. The discussion provided practice owners with a broader perspective on the characteristics that help create a strong, transferable business.
For owners considering a future transition, understanding these factors well in advance can provide an opportunity to identify areas for improvement before entering the market. But valuation is not only relevant when a sale is imminent. The same principles can help practice owners assess the strength of their business, make better long-term decisions and build value over time.
The webinar was sponsored by ROI Corporation, a Canadian healthcare practice appraisal and brokerage firm.
WATCH JACKIE JOACHIM’S PRESENTATION
Please note: Viewing the recorded presentation does not qualify for COPE CE credit.
Next Up: Cutting Through the Noise on AI
The Optometry Practice Strategies Series continues on Wednesday, September 23 at 8:00 PM EDT with AI Trends in Optometry: Cut Through the Noise.
Presented by Dr. Abdullah Sarhan and Maryam Moharib, the one-hour COPE-accredited session will look at artificial intelligence specifically through the lens of optometry.
The webinar will examine current AI trends and their potential relevance to clinical practice, business operations and the broader eye care environment, while providing participants with a framework for evaluating new technologies as they emerge.
The course is COPE-accredited (Course ID #105542-PM), with CE credit available to eligible participants through qualifying live attendance. CLICK HERE TO REGISTER.
Build • Grow • Transition
The fall Optometry Practice Strategies Series continues beyond September with upcoming sessions addressing buying an optometric practice from a banker’s perspective and tax planning strategies for incorporated and non-incorporated optometrists.
Registration is free, and optometrists can register for individual webinars or multiple sessions through the series landing page.
The OD Practice Strategy Series is sponsored through education grants from the following organizations: ROI Corporation, CIBC Commercial Banking, MNP, Tecksoft, and Théa Pharma Canada.
