- Joined
- Jun 14, 2005
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- 3,379
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Even though it has been many months since I posted my story on here, Im still getting a fair amount of email about it. Some of it is supportive, and I continue to get the occasional story of another OD who also left the profession. Unfortunately, a number of them are also quite hostile, and usually degenerate into name calling. I cant quite figure out why this is. Ive been called all kinds of things including but not limited to: Lazy dingus Fvcking dingus Jerk Fvcking jerk and Commercial apologist (?!?!?) That last one really stung. Lol.
Let me try (once again) to reiterate a few things for people out there. Once again, this is only my opinion, based on my experience. You can take it for what its worth.
1) I left for a wide range of reasons. The MAIN reason was my inability to be admitted onto insurance panels. I know there are areas of the country where this is not a problem, and some of those doctors post here. Thats great. Students should consider practicing in those areas of the country unless they want to spin dials all day and pray to God that every patient wants to buy transitions and Acuvues from them.
2) I made decent money. As an OD, you will never starve. You will not default on your student loans. I make less money now (though not much less) in my new career than I did in my old.
3) Contrary to what the trade publications will tell you, there is not a huge unmet demand for Low Vision, or RGP bitoric bifocal lenses that you can charge hundreds of dollars for, or vision therapy. I worked at a practice that was owned by a diplomate of the AOA contact lens section, and this guy had years of experience with tough cases and was well known in the community. We saw one of these patients MAYBE every three months.
4) The vast majority of old doctors out there will screw you. Do not even bother trying to find a practice to buy from an old guy. In theory, this is the way to go, because it would be nice to hit the ground running, but my experience was that most old guys simply want to sell you their tired old offices for much more than its actually worth. I would recommend that people who want to go into private practice to open cold. While initially that may be tougher, in the long run you can set up the office the way you want, with the furnishing and equipment that you want, with the staff that you want, and practice the way that you want. Im sure that Drs Langford and Chudner, who post on here frequently would disagree because I understand that they are doing quite well for themselves after having purchased another ODs office. Thats fantastic. Unfortunately, it was not my experience nor was it the experience of the vast majority of my colleagues.
5) Ultimately, I feel that the independent solo OD is doomed. Fact is that most revenue in most private offices come from retailing optical product, and the fact is that large chain retailers can do it better, faster, and cheaper than the private OD. Thats why you dont see independent pharmacies, hardware stores, or funeral homes very much any more. Regrettably, I feel that the future of optometry is much like pharmacy. Working retail hours in retail locations.
6) Another reason why I feel that the independent solo practitioner is doomed is because of insurance. This may seem contradictory in light of the fact that I left because I couldnt get onto insurance panels, but in actuality, that inability turned out to be a blessing in disguise. And this is why I feel that way. Unfortunately, as an OD (and this applies to the vast majority of the medical field) you really have very limited control over your income. You will take what the insurance company deems to give you and you will like it. And if VSP decided tomorrow that they are cutting reimbursement by 30%, well, thats just tough titties for you isnt it? If medicare decides to bundle all those tests into one global fee for glaucoma evaluation and slash the reimbursement by 70%, well thats just tough titties for you isnt it? And even though optometry has expanded its scope of practice substantially, it is still a fact that number of billable procedures that we can perform is very very low. We have the array of glaucoma tests, foreign body removals, punctal plugs, and office visits. Thats about it. So (excluding optical) the only practical way to increase revenue is to just see more patients. And from a purely business perspective that doesnt seem to me like a good situation. Is there any other small business out there where anyone other than the business owner sets the fees? I cant think of any other than the health care field.
And yes, I did do a lot of research before I entered the field. I decided that this is what I wanted to do when I was 14 years old, and I worked for numerous ODs throughout high school, and college. I think two big things happened from the time I entered school to the time I graduated and both of my former OD employers agree with this:
1) The huge explosion in disposable contact lenses which made contact lenses so much safer, easier to fit, drove down already pathetically low fitting fees, and also made them attractive to bulk retailers.
2) The huge expansion of internet commerce also drove down reimbursement for materials and was also attractive to bulk retailers.
These two things essentially decimated contact lenses and contact lens related revenue for the majority of practices out there. The days of the $400 yearly contact lens that the patients loses once or twice a year and has to replace through your office are OVER.
Because of the limitation in procedures, even when I was able to work in practices that were on plans, I ultimately came to find optometry very boring. The vast majority of private practice is increasing minus on teenagers, and increasing adds on presbyopes. Treating pink eyes, and removing foreign bodies also gets very dull over time. The vast majority of cases in optometric practices are just not that challenging. How much skill does it take to put a 2.00 diopter acuvue on a 2.00 diopter myope, or to prescribe FML for a keratitis? (Please spare me all the details of the brain tumor and RD patients you have out there. Thats why I said the vast majority.)
And this is why I never understood why there is so much denigration directed at commercial docs from private ones. In commercial practice as in private, you mostly increase minus on teenagers, and increase adds on presbyopes. In fact, because I sometimes worked weekends in commercial practice, I got to see MORE interesting cases there because I got all the weekend emergencies and got all the sick patients who had no insurance.
I also dont get the denigration because so many private offices are strip mall optical locations with an exam lane in the back. I will agree that commercial practice doesnt usually provide the best image. But right before I left, I had an offer to buy an office that was in a strip mall next to a nail salon on one side, and a pizzeria on the other. When I talked to the doc on the phone, he chastised me because I was working part time commercial at the time and lamented the image I was portraying. Yet, here was his office .an optical store with an exam lane in the back stocked with equipment from the Eisenhower era. Is he projecting a positive image? A colleague of mine practices in an urban area and he just visited an office to interview for an associate position where the space next to the ODs office was occupied by a store that sells lingerie and sex toys on one side and a dollar mart on the other.
Can anyone honestly say that a Lenscrafters in an upscale mall is less of a positive image than the ODs office next to the porn shop? Cmon.
So please, who ever is sending me the hate mail, please stop it.
Sorry for the slightly rambling message. But ultimately, I just got too frustrated, and too bored. That doesnt mean it cant be rewarding for you. I have colleagues out there that regret going into optometry and wish every day that they could get out but they feel trapped. I know others who are so thrilled with the practice of optometry that to them, its almost like a drug. Hopefully, you will all fall into the latter category.
Let me try (once again) to reiterate a few things for people out there. Once again, this is only my opinion, based on my experience. You can take it for what its worth.
1) I left for a wide range of reasons. The MAIN reason was my inability to be admitted onto insurance panels. I know there are areas of the country where this is not a problem, and some of those doctors post here. Thats great. Students should consider practicing in those areas of the country unless they want to spin dials all day and pray to God that every patient wants to buy transitions and Acuvues from them.
2) I made decent money. As an OD, you will never starve. You will not default on your student loans. I make less money now (though not much less) in my new career than I did in my old.
3) Contrary to what the trade publications will tell you, there is not a huge unmet demand for Low Vision, or RGP bitoric bifocal lenses that you can charge hundreds of dollars for, or vision therapy. I worked at a practice that was owned by a diplomate of the AOA contact lens section, and this guy had years of experience with tough cases and was well known in the community. We saw one of these patients MAYBE every three months.
4) The vast majority of old doctors out there will screw you. Do not even bother trying to find a practice to buy from an old guy. In theory, this is the way to go, because it would be nice to hit the ground running, but my experience was that most old guys simply want to sell you their tired old offices for much more than its actually worth. I would recommend that people who want to go into private practice to open cold. While initially that may be tougher, in the long run you can set up the office the way you want, with the furnishing and equipment that you want, with the staff that you want, and practice the way that you want. Im sure that Drs Langford and Chudner, who post on here frequently would disagree because I understand that they are doing quite well for themselves after having purchased another ODs office. Thats fantastic. Unfortunately, it was not my experience nor was it the experience of the vast majority of my colleagues.
5) Ultimately, I feel that the independent solo OD is doomed. Fact is that most revenue in most private offices come from retailing optical product, and the fact is that large chain retailers can do it better, faster, and cheaper than the private OD. Thats why you dont see independent pharmacies, hardware stores, or funeral homes very much any more. Regrettably, I feel that the future of optometry is much like pharmacy. Working retail hours in retail locations.
6) Another reason why I feel that the independent solo practitioner is doomed is because of insurance. This may seem contradictory in light of the fact that I left because I couldnt get onto insurance panels, but in actuality, that inability turned out to be a blessing in disguise. And this is why I feel that way. Unfortunately, as an OD (and this applies to the vast majority of the medical field) you really have very limited control over your income. You will take what the insurance company deems to give you and you will like it. And if VSP decided tomorrow that they are cutting reimbursement by 30%, well, thats just tough titties for you isnt it? If medicare decides to bundle all those tests into one global fee for glaucoma evaluation and slash the reimbursement by 70%, well thats just tough titties for you isnt it? And even though optometry has expanded its scope of practice substantially, it is still a fact that number of billable procedures that we can perform is very very low. We have the array of glaucoma tests, foreign body removals, punctal plugs, and office visits. Thats about it. So (excluding optical) the only practical way to increase revenue is to just see more patients. And from a purely business perspective that doesnt seem to me like a good situation. Is there any other small business out there where anyone other than the business owner sets the fees? I cant think of any other than the health care field.
And yes, I did do a lot of research before I entered the field. I decided that this is what I wanted to do when I was 14 years old, and I worked for numerous ODs throughout high school, and college. I think two big things happened from the time I entered school to the time I graduated and both of my former OD employers agree with this:
1) The huge explosion in disposable contact lenses which made contact lenses so much safer, easier to fit, drove down already pathetically low fitting fees, and also made them attractive to bulk retailers.
2) The huge expansion of internet commerce also drove down reimbursement for materials and was also attractive to bulk retailers.
These two things essentially decimated contact lenses and contact lens related revenue for the majority of practices out there. The days of the $400 yearly contact lens that the patients loses once or twice a year and has to replace through your office are OVER.
Because of the limitation in procedures, even when I was able to work in practices that were on plans, I ultimately came to find optometry very boring. The vast majority of private practice is increasing minus on teenagers, and increasing adds on presbyopes. Treating pink eyes, and removing foreign bodies also gets very dull over time. The vast majority of cases in optometric practices are just not that challenging. How much skill does it take to put a 2.00 diopter acuvue on a 2.00 diopter myope, or to prescribe FML for a keratitis? (Please spare me all the details of the brain tumor and RD patients you have out there. Thats why I said the vast majority.)
And this is why I never understood why there is so much denigration directed at commercial docs from private ones. In commercial practice as in private, you mostly increase minus on teenagers, and increase adds on presbyopes. In fact, because I sometimes worked weekends in commercial practice, I got to see MORE interesting cases there because I got all the weekend emergencies and got all the sick patients who had no insurance.
I also dont get the denigration because so many private offices are strip mall optical locations with an exam lane in the back. I will agree that commercial practice doesnt usually provide the best image. But right before I left, I had an offer to buy an office that was in a strip mall next to a nail salon on one side, and a pizzeria on the other. When I talked to the doc on the phone, he chastised me because I was working part time commercial at the time and lamented the image I was portraying. Yet, here was his office .an optical store with an exam lane in the back stocked with equipment from the Eisenhower era. Is he projecting a positive image? A colleague of mine practices in an urban area and he just visited an office to interview for an associate position where the space next to the ODs office was occupied by a store that sells lingerie and sex toys on one side and a dollar mart on the other.
Can anyone honestly say that a Lenscrafters in an upscale mall is less of a positive image than the ODs office next to the porn shop? Cmon.
So please, who ever is sending me the hate mail, please stop it.
Sorry for the slightly rambling message. But ultimately, I just got too frustrated, and too bored. That doesnt mean it cant be rewarding for you. I have colleagues out there that regret going into optometry and wish every day that they could get out but they feel trapped. I know others who are so thrilled with the practice of optometry that to them, its almost like a drug. Hopefully, you will all fall into the latter category.