How to Afford to Practice Pediatric Ophthalmology.
Gonzalo (Vike) C, Vicente; David Epley; Kenneth Wright; Marc Greenberg
Eye Doctors of Washington
Chevy Chase, MD
It is likely that lower payments in pediatric specialties have led to lower applications. The goal of this panel discussion is to present ways in which to maximize earning potential of doctors in private practice and thus support the growth of this specialty. Solutions to expensive financial mistakes in different pediatric ophthalmology private practices will be reviewed.
The panel members will present reasons for lower reimbursement among pediatric specialties and offer succinct examples of how they solved their financial difficulties in private practice. The audience will be able to take home bullet points of the presenters’ financial results with websites, optical shops, surgery centers, commercial property, office testing equipment, pediatric optometrists and ROP contract negotiations. The presenters will avoid discussion regarding price setting.
All panel members were able to afford to practice pediatric ophthalmology in a private practice setting.
The examples provided may be applied to most but not all practice settings.
Audience members will be able to apply the recommendations of the panel members to their own practices, and improve their practice’s finances in an practical and ethical way.
Target Audience: Pediatric ophthalmologists in private practice and academia
Current Practice: Pediatric ophthalmologist can not see as many patients per day, order as many in-office tests or do as many in office procedures as an general ophthalmologist thus limiting their income potential.
Best Practice: Ethically supplement the income of pediatric ophthalmologists through the use of websites, optical shops, surgery centers, commercial property, office testing equipment, physician extensors such as pediatric optometrists and orthoptists, and ROP contract negotiations.
Expected Outcomes: Attendees will be better able to afford to practice pediatric ophthalmology in a private practice setting, and increase department revenue in an academic setting.
Format: Power point lecture of case presentations of specific economic hurdles presented as a game of life followed by a panel discussion.
Summary: Suggestions on how to avoid financial mistakes in private practice.
References: No previous research has been published in the specific area.