Practice financial health and cash control
A profitable statement does not tell an optometry practice owner how much cash the practice holds, and margin is lost in the space between the two. ORC reviews practice-provided financial reports, revenue mix, overhead, cash needs and performance indicators, and identifies improvement priorities. It advises on budgeting, profitability, capital allocation and reporting improvements. Accounting, tax, financing and formal valuation work is handled by appropriate specialists.
By Dr. David Hettler, OD & Mani Vaghedi · Updated
Revenue is not cash
An owner can read a profit and loss statement and still not say what the practice holds, what it owes, or which part of it earns. Profit on paper and cash in the account are different questions, and margin leaks between them.
What ORC does
Reviews practice-provided financial reports, revenue mix, overhead, cash needs, and performance indicators; identifies improvement priorities.
What ORC advises on or coordinates
Budgeting, profitability, capital allocation, and reporting improvements. Accounting, tax, financing, and formal valuation work is handled by appropriate specialists.
Spend by line item
Do you know what the practice spends, line by line — or only what is left once it has all been spent?
Not sure where to start?
A thirty-minute practice review, no charge. We'll look at your numbers and your floor and tell you where we would start.