by Nathan Hayes | May 24, 2025 | Accounts Receivable/RCM, Budgeting, Financial Operations, Internal Audit, Risk Management & Financial Security, Tax Prep
This week, I had the opportunity to attend an annual event hosted by the Southern College of Optometry that celebrates recent graduates who have taken the leap into practice ownership. These young owners told their stories, from graduation to starting a...
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 | Nov 16, 2024 | Financial Operations, Risk Management & Financial Security
My senior leadership recently asked me if Books & Benchmarks ever helps practices uncover theft or fraud. If you’re hoping that working with us guarantees your practice will never face financial misconduct, I’m sorry, but I have to disappoint you. ...
by Nathan Hayes | Aug 17, 2024 | Financial Operations, Practice Management, Risk Management & Financial Security
At Books & Benchmarks, we understand that some optometry practice owners prefer to manage their financials independently. However, for us to provide the best service, it’s important to work together closely. When practices share insights and details...
