by Nathan Hayes | Aug 2, 2025 | Cash Flow & Cash Management
Where did all the money go? Most of our clients have been fairly flush with cash since Books & Benchmarks got started. We happened to launch right around the time COVID-19 relief funds were landing in practice bank accounts, giving many a temporary...
by Nathan Hayes | Jul 26, 2025 | Cost of Goods Sold/Inventory
When categorizing expenses, there are always some “gray areas,” like whether a patient communication platform counts as a marketing cost or a software/technology expense. (We classify it as marketing, but that’s just our choice.) Even internally, we debate how to...
by Nathan Hayes | Jun 28, 2025 | Uncategorized
“Where am I spending too much money?” is one of the most common questions I hear from ODs. And it makes sense: a fast way to increase profits and cash flow is to stop spending money. However, most optometrists tend to be conservative with spending, so it’s...
by Nathan Hayes | Jun 14, 2025 | Cost of Goods Sold/Inventory, Goal Setting, Internal Audit
“If you think about it, benchmarks are just a way to make you feel bad about your own practice.” Gary Gerber, OD Recently, I had a conversation with a Books & Benchmarks client who was concerned that his Cost of Goods Sold had recently climbed above...
by Nathan Hayes | Jun 7, 2025 | Cash Flow & Cash Management
In a previous blog on cash reserves, I covered why it’s unwise to let large amounts of cash sit in your practice. Now, I want to expand on the reasons why it’s important to intentionally and regularly distribute excess cash. If you need a refresher on how to...
