by Nathan Hayes | Mar 29, 2025 | Budgeting, Cash Flow & Cash Management, Financial Operations, Risk Management & Financial Security
I recently spoke with a young optometrist who wants to buy the practice he’s working at without taking on any debt. He had a tough time with consumer debt after optometry school and understandably never wanted to feel over-stretched like that again. I...
by Nathan Hayes | Mar 1, 2025 | 7 Key Expense Areas, Budgeting, Financial Operations, Internal Audit, Risk Management & Financial Security
It’s the beginning of the year, which means many Books & Benchmarks clients are asking to review their 2024 results. It’s a fun time because that means I get to celebrate their successes and talk about what’s next for their practices and how they can increase...
by Nathan Hayes | Feb 22, 2025 | Financial Operations, Risk Management & Financial Security
When Books & Benchmarks launched in 2021, I never imagined that HIPAA could have anything to do with bookkeeping. But as I’ve come to learn, it does. This week, let’s discuss what HIPAA is, how the Privacy Rule overlaps with optometry practice bookkeeping, and...
by Nathan Hayes | Feb 15, 2025 | 7 Key Expense Areas, Non-OD Staff Compensation
Staffing is one of the hardest and most critical aspects of building a great optometry practice. The challenges to getting it right are myriad: recruiting, firing, managing, vision-casting, training, and more go into building and maintaining a great team. I mention...
by Nathan Hayes | Feb 8, 2025 | 7 Key Expense Areas
If you’re a do-it-yourselfer—whether to save money or stay in control—bookkeeping probably isn’t something optometry school prepared you for. Now, we firmly believe most practice owners are better off focusing on patient care, growing their business, or even taking a...
