Thursday, February 21
2:00 – 3:00 PM
#400 MedPRO360 Presents: Profitable Doctor
Michael Kling, OD – Michael Kling, OD – CEO, Invision Optometry
The number one financial challenge facing most eye care business owners today is poor cash flow. Business owners often fall prey to focusing too much on top line revenue growth, while ignoring the increasing expenses and debt that often accompanies that growth. Without a plan, practice owners often find themselves living insurance check to insurance check, wondering how they’re going to make payroll, financially overwhelmed and stressed out. This course presents a revolutionary new cash flow management system designed to immediately improve practice profitability, eradicate unnecessary business expenses and assist practice owners with managing their business debt.
3:00 – 4:00 PM
#401 MedPRO360 Presents: Profitable Doctor Learning Lab
Michael Kling, OD – CEO, Invision Optometry
Now is the time to learn how to implement a system of profitability in your practice. This learning lab will help guide the participants through the steps required to implement The Profitable Doctor Money Management System. This system will allow the attendee to develop the system necessary to make the correct financial decisions to eliminate poor cash flow. Doctor owners often fall prey to focusing too much on top line revenue growth, while ignoring the increasing expenses and debt that often accompanies that growth. Without a plan, practice owners often find themselves living insurance check to insurance check, wondering how they’re going to make payroll, financially overwhelmed and stressed out.
Friday, February 22
10:00 – 11:00 AM
#402 MedPRO360 Presents: New Payor Models Learning Lab
Roberto Aran, Founder, Those Who Care
HMOs, ACOs, TPAs, and more. As the government aims to decrease their exposure to rising health care costs, the private sector is taking on an increasing amount of that risk resulting in the emergence of new payor models. Here we will introduce the new payor models and provide a high-level overview of what you can focus on to prepare for the change.
11:00 AM – 12:00 PM
#403 MedPRO360 Presents: Telemedicine and the Practice of Tomorrow
Tony Cavallerano, OD, FAAO, Professor of Optometry, New England College of Optometry
Howard Fried, OD – President, Digital Optometrics, LLC
Telemedicine has emerged as an alternative to conventional, in-person care. Technology is driving the delivery of all levels of health care to a more digital, automated platform, which then provides opportunities to provide clinical services to the 20% of Americans living in rural or highly rural areas. Ideally, telehealth technologies could offer an alternative to care, thus improving access to specialty care for those living in rural areas. We will explore if the business, technical and clinical requirements impede a telemedicine program from improving outcomes through expanded access to care.
1:00 – 2:00 PM
#404 MedPRO360 Presents: What is your business worth to the best buyer?
Roberto Aran, Founder, Those Who Care
If you’re looking to buy a practice/clinic you should be asking yourself “What is this business worth to me?”
Therefore, if you’re looking to sell your practice/clinic the question then becomes “What am I worth to the buyer?”
There are two primary sources of value an acquiring group can make:
1. Reimbursement rates (revenue by encounter)
2. Operational efficiencies (ex. cost of care)
This course will review these primary sources in detail and will also give an introduction to valuations to help you better prepare for large financial events.
2:00 – 4:00 PM
#405 MedPRO360 Presents: The New World Order: PPM’s and Private Equity
Moderator:
Christopher Quinn, OD – CEO Omni Ophthalmic Management Consultants, LLC
Panelists:
Daryl Mann, OD – Vice President SEES Group; SouthEast Eye Specialists
Kirsten Albrecht, OD – Senior Director of Professional Services, MyEyeDr.
Rob Pate, OD – Partner, Basden Eyecare and SECO Volunteer, Ambassadors Committee/Education
William Spearman, OD – Partner, MyEyeDr. and SECO Past President
As new ownership models are emerging, Doctors have options when it comes to long-term planning for their practice. Private equity offers one opportunity to partner with a network that offers resources and flexibility, as well as an option to sell a practice. Our expert panelists will give an overview of their personal private equity experience, as well as their insights into the future of our profession as it relates to the Private Equity model. Panelists will discuss practice valuation, post-sale employment opportunities, staffing, mode of practice, and discuss their personal experiences with Private Equity sale and employment. You will hear how Private Equity sees its future in our profession.