Dr. Hayes Blog

Jerry Hayes, OD presents a variety of tips and tactics designed to
bring more dollars to your bottom line. You are invited to
comment on the topics we cover.

Sponsored by Red Tray Purchasing Alliance and HMI Buying Group.



Staff Projects For When The Doctor Is On Vacation

Dear Jerry,

It’s me again. I am going to follow the advice in your June 2 blog and take some personal vacation time when my practice slows down in June.

 

What are some good projects for my staff to work on when I am gone? I am a solo OD and don’t plan to have another doctor in to cover for me.

 

Thanks again,

Megan Sumrall, OD

 

Dear Megan,

 

Good question, as many doctors don’t do a good job planning productive use of staff time while they are out.

 

Here is my favorite staff project when the practice owner is off for a few days. 

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3 Keys To Motivating Employees

Here are some great insights I got from a recent podcast by Jill Geisler of the Poynter Institute on motivating employees. 

One, while the lack of adequate pay is a de-motivator, once an employee hits their personal level of ‘felt need’ for compensation, higher salary is not a motivator for most people.

 

Bonuses are a little different because they identify and target specific objectives.  We’ll talk about that in another blog.

 

Intrinsic Versus Extrinsic Motivation

 

At the point your staff member becomes satisfied with his or her compensation package, intrinsic motivation becomes more important than external motivation such as money.

Three components of intrinsic motivation are:

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Should An OD Advertise During Slow Times?

Dear Jerry,

May and June tend to be slow months in my practice. This year, I am considering spending some money on an ad campaign in effort to stimulate business. Does that make sense?

Or, would you recommend that I take some vacation time during my traditionally slow periods?

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Red Tray Radio: Getting Started With EMR Software For OD's

This week Dr. Hayes interviews Dr. Richard Hom, an OD and expert on Electronic Medical Records software.
 
Dr. Hom talks about what EMR is and why not every practice owner will need it. He also names some the top companies currently producing EMR such as Officemate, Compulink and Maximeyes, and what he likes about them.  Overall, very informative. 

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Is 20% Of Gross Enough For Staff Overhead?

Dr. Hayes,

I was curious about your 20% cost of staff benchmark mentioned in your blog of May 11. For any given practice, you are suggesting $25k per FTE based on your one FTE per $125k of production. With taxes and benefits, you are looking at $10-11/hr. I don't see how one can develop and retain a well trained professional staff on that kind of compensation. Are these benchmarks skewed toward rural depressed areas? Even at 25% for labor you are looking at $31k per employee. 


Love reading your insights. Keep them coming. Dr K


Jerry,


I have generally followed your recommended guidelines/metrics for cost containment.  They have been very helpful to make sure we are on the right track.  But I disagree with one employee for every $125,000 of practice income.  This only allows for $12/hr. employees.  It is difficult to find anyone with half a brain that will work for $10-12/hr, especially after a couple of years of employment.  


I think it is definitely better to have higher paid employees that are smart, dedicated, and good workers.

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How Much Staff Does A Solo OD Need?

Dear Dr. Hayes, 

I recently moved to a new location and want your advice on my doctor to staff ratio. I work 26 hours per week and see an average of two full exams and one follow-up visit per hour.
 
My current staff includes three 'full time equivalent' employees (FTE's). I have a full-time optician, a full-time receptionist, a part-time receptionist who works 20 hours per week in a billing person who averages 15 hours per week.
 
Please let me know your thoughts on how I can most efficiently staff my office.
 
Thanks so much for your help.
Michael Collins, OD (name changed)
 
Dear Dr. Collins,
 
I use three metrics to evaluate overall staffing levels and productivity for private practice OD's;

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Red Tray Radio: Allan Barker, OD: How To Evaluate Managed Care Plans

This week, Dr. Hayes interviews Allan Barker, OD President of Eyecare Center OD PA and President of the North Carolina Optometric Association. 

Dr. Barker talks from experience about the things private practice owners should look for when selecting and working with a managed care plan.

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Managing Your Staff: Be Specific, Not General

Here's a great training technique for practice owners who are interested in getting their staff to deliver better "customer service".  

In his new book SWITCH: HOW TO CHANGE WHEN CHANGE IS HARD, author Dan Heath advises business owners to be specific when giving instructions.

He starts by telling the story of a successful entrepreneur who owned a small home remodeling business that specialized in building children's play areas. The company was known for high quality work.  But, the owner got a lot of complaints from unhappy homeowners when

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New Government Policy; No Rx Needed For Consumer Purchase Of Contact Lenses

A recent surprise move in Canada has local OD's up in arms. Here's how this could affect your US based eyecare practice. 

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Red Tray Radio: Dr Walt West, Pulse Points of Million Dollar Practices

This week Dr. Hayes interviews Walt West, OD, well known speaker, author of WHEN YOUR SUCCESS IS ON THE LINE and chief optometric editor of Optometric Management magazine.

Dr. West introduces his new workbook designed to help OD's implement their ideas and talks about Me Q, how to unlock your leadership potential and why developing self confidence is so important to success in practice, and in life.

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