Wednesday, February 18, 2015
The Importance of Selling Your Opportunity
While the financial aspects of any job opportunity play a significant role in swaying a candidate’s decision to accept an offer, a vision practice owner must take into consideration more than just salary when selling an opportunity. Since more than 60 percent of our placements relocate to the area after accepting an offer, the practice owner needs to put themselves in the associate candidate's shoes and start asking themselves questions about the opportunity before a candidate ever walks through the door.
What does the neighborhood look like? How are the schools? What are selling points of the community? If the candidate was interested in living in the city and the practice is located and hour or two out, the owner should talk about how easy it is to pop into the city whenever they want to. Is the outside of the practice presentable? Is the candidate welcomed with a smile from your front desk or office manager? Is the staff smiling and enjoying themselves while they work? Is the candidate’s name on the welcome sign? Do you understand any barriers the candidate may have to moving to your community? What’s the cost of living? What is their spouse’s career? Are their kids involved in sports, dance, academic, or other extracurricular activities? Have you noticed I haven't mentioned money or anything vision related yet?
It is also important to realize that there are going to be things about your practice or opportunity that the candidate does not like. Maybe it's being on call. Maybe it's working some weekends. Maybe your practice isn't in the most desirable neighborhood, suburb, or community. The best way to overcome these obstacles is by communicating your mission. Explain that you've developed a growing and loyal patient following by your absolute commitment to serving the needs of your community. You may not like working periodic evenings or weekends, but you would only be asking the associate to do this because it is consistent with your mission. If you sell them on your mission and ask them to help you serve that mission, many of the little issues disappear.
Keep in mind the best candidates have many options. Treat every candidate like he or she could be your partner or the buyer of your practice, even if you initially think of them as your second or third choice. Many make the mistake of only treating their initial first choice candidate well. Unfortunately, many practice owners find out that candidate is also the first choice of two or three other practices. Sometimes the first choice candidate turns out to have baggage, a negative attitude, or simply isn't able to accept your opportunity. In the meantime, a practice owner has likely ignored equally qualified candidates. Having multiple candidates interested in your opportunity is a great problem to have. It also strengthens your negotiating power. You've heard the saying that most interviewers make up their mind about a candidate in “x seconds.” The same is true for candidates. Let's face it, you are in competition for the best candidates with regional and national practice management companies. Many can offer more money, better benefits, more training, or newer facilities. What these organizations can't offer is the things that set your practice apart. Your practice has a special place in the community you serve. Play that up.
If the technology or equipment in your practice needs some updating, use this to your advantage. Let the candidate know you've been holding off on updating until you locate your new associate. Since he or she is going to be a big part of the practice’s future, you want them involved in selecting the next generation of equipment and technology. Signal you are willing to teach, but you are also willing to learn. Many early career optometrists/ophthalmologists have received specialized training that simply wasn't available previously. Make sure you are signaling that you want this to be a win-win opportunity. Show you have a genuine interest in their career, their interests, and their family. These are things that practice management companies often miss.
During the interview, you expect a candidate to be personable, confident, and organized. You expect them to keep commitments, stay motivated to constantly improve, and always have the best interests of their patients in mind. Did you know candidates are looking for the same qualities in you as a practice owner? If you aren't prepared, you are late, the office is a mess, and you speak poorly of previous or current associates and staff members, expect to watch your candidate turn and walk away from your opportunity. Interviews are a two lane road, so remember that the candidate isn’t the only one on the spot.
Finally, remember that paying attention to the little things will save you money. Although money is important, it often isn’t a candidate’s top priority. We use the acronym CLAMPS: Challenge, Location, Advancement, Money, People and Stability/Security. If you score high on Challenge (always improving clinically) , Location (your community is appealing to the candidate), Advancement (possibility to buy-in), and People (upbeat team environment), you stand a very good chance of landing an associate who is also considering a position in an impersonal corporate environment with higher income potential.
ETS Vision is a Vision Recruiting firm specializing in finding and placing Optometrists, Ophthalmologists, and Practice Leadership Professionals throughout the United States. www.etsvision.com
Friday, December 19, 2014
Reference Checks: The Questions That Can Make or Break Your Practice

In many ways, the eye care community is isolated from the rest of the
business world. While the corporate world is encroaching, most practices
are still built around the owner who, generally, has little formal
business training and may well remember the days when a handshake was
enough.
As recruiters, we often start our relationships
with vision practices who have recently gone through a frustrating and
often messy termination. Unfortunately, the doctors who leave the
biggest messes easily find other employment only to leave a similar wake
of destruction in their next office. Why is it so easy for these
doctors to ruin one practice after another?
Vision
Practices, as a group, routinely fail to protect the practice, staff and
patients by performing a simple reference check. The importance of
reference checking is well-documented in the larger business world.
Simply
checking license history is no longer enough. You have the right to ask
for references, and you should not settle for personal references. Ask
for contact information of previous employers or faculty, if
appropriate. Here are some practical steps to help make a reference
check call easy, informative and less time consuming.
Confirm the details
Do
not be shy to ask how the reference knows the job seeker. Find out how
long they have known each other. If the reference is a former employer,
ask for dates of employment. Ask what their function was in that
position.
Decide what you want to know before you call
When
we perform reference checks on behalf of our clients, we ask the
reference to rate the job candidate on productivity, the quality of
their work, their oral and written expression, their working
relationships, their motivation and initiative, and their punctuality
and attendance.
Know what he/she does well
Ask
the reference what they would consider to be the job seeker’s greatest
strengths in the position. Also, ask what the employer’s expectations
were and how well the job seeker fulfilled them. Do they work better
independently or under direct supervision?
Know where the job seeker could improve
This is a great way to ask for constructive criticism in a way that will not make the reference feel uncomfortable about giving a bad reference. Be sure to ask if the job seeker was open to critique and if progress was made toward improvement.
Would the reference hire or re-hire the job seeker?
This is straight to the point. If you hear “No,” make sure that you know why.
When
you finish the reference check, be sure to thank the reference for the
time that they spent with you and the information they provided. They
may well have just saved you from a bad decision or enabled you to sleep
well with the decision you will make.
ETS Vision is a Vision Recruiting firm specializing in finding and placing Optometrists, Ophthalmologists, and Vision Staff throughout the United States. www.etsvision.com
Wednesday, August 13, 2014
6 Tips to Ace a Video Interview
Here are a few tips to help you do your best:
1. Make a Good Connection - Before you can make a good connection with an employer during an interview, you must first ensure that your internet connection is up to par. Conduct the interview somewhere where you will have a steady internet connection with decent speeds. Stuttering video, skipping audio, or worse, a connection that drops out altogether, are all symptoms of slow internet speeds and might cut your chances of acing the interview painfully short.
2. Location, Location, Location – Where you decide to set up your webcam and conduct the interview plays a huge role in the quality of your overall presentation. Try to choose a quiet area with sufficient lighting and make sure what’s behind you isn’t distracting to the interviewer. If you will be conducting the interview from home, make sure any fellow cohabitants are aware of what you’re doing and won’t have to enter the room during the interview. Having a spouse or roommate dash across the background is not only awkward for you and the interviewer, but comes across as unprofessional. Finally, don’t forget to secure all pets and children in another part of the house with supervision to avoid any additional distractions.
3. Test All Tech – Several days before the interview, test your webcam, microphone, and computer to ensure everything is working correctly. Familiarize yourself with volume controls and any settings that might improve the quality of your interview. If you’re purchasing a webcam for the first time, look for one with HD capabilities and a quality built-in microphone. Prices on webcams and microphones have become very reasonable in recent years, so spending a couple extra dollars to avoid grainy video and choppy audio during your interview will certainly pay off and give your presentation a professional flare.
4. Dress Your Best – Although the interviewer will likely only see you from the waist up, dress in full professional attire as if you were meeting them in person. Opting for pajama pants in place of traditional garb may seem like a great idea, but you never know when you may have to stand up or retrieve something from the other side of the room that would reveal your entire outfit.
5. Don’t Interview from Work – It may seem tempting to interview from your office at work, but doing so communicates to your interviewer a lack of respect for your current employer. You also run the risk of a supervisor or fellow employee interrupting the interview, which can not only diminish your chances of landing the job, but cause conflict in your current employment situation.
6. Practice Truly Makes Perfect – Talking into a camera is very different than speaking with someone in person. Practice looking directly at the camera when you speak so that the interviewer can see your eyes. Try to avoid looking down at the screen or around the room when speaking, as doing so could communicate disinterest or disengagement from the task at hand.
As with any interview, prepare yourself ahead of time to answer questions in a concise manner that highlights your accomplishments and addresses how you would be of benefit to the employer. Although a Skype or FaceTime video interview can be very different from a traditional in-person meeting, following the tips outlined above can help make the process go smoothly and allow you to make a great first impression.
ETS Vision is a Vision Recruiting firm specializing in finding and placing Optometrists, Ophthalmologists,, and Vision Staff throughout the United States. www.etsvision.com
Wednesday, July 30, 2014
4 Tips on Navigating the Hiring Process
- Maintain Open and Honest Communication – Communication is perhaps the most critical component of the entire hiring process. Make sure your resume or CV are updated with your most recent work history before applying to the position. If you’re working with a recruiter, provide as much information and as many details as requested. Be especially forthcoming early on in the process when it comes to your education, current employment status, and certifications. Even if you’ve been unemployed for a while or are lacking in experience, being honest and upfront with a hiring manager or recruiter communicates your trustworthiness and helps prevent any future misunderstandings. It only takes one dishonest detail to spoil your chances with a future employer and lose their trust, so honesty is always the best policy.
- Respond in a Timely Manner – Part of establishing open channels of communication with a hiring manager is maintaining timely responses. Being prompt in your responses shows enthusiasm and communicates your interest in the position. If you’re going on vacation or will be difficult to reach for a period of time, be sure to communicate this beforehand with the manager or recruiter. Dropping off the map unexpectedly in the midst of the hiring process can result in missed opportunities, as employers are more likely to go with an eager candidate than one that’s passive in their responses.
- Don’t Overdo it on the Follow Up - Showing enthusiasm and interest in a position are key to landing an opportunity. However, excessive follow-up and “reaching out” can be both annoying and detrimental to your chances of establishing a good relationship with an employer. If a recruiter or manager provides a specific timeline of when they will be in touch with you, always adhere to that schedule.
- Respect the Employer’s Hiring Process – It may seem obvious, but in order to effectively navigate the hiring process, you must respect the employer’s process for assessing and interviewing candidates. As an applicant, attempting to “skip” the chain of command by bypassing a human resources manager to talk directly with the final decision-maker rarely works out in the candidate’s favor. Respecting the employer’s processes and following instructions lays solid groundwork for your candidacy. If working with a recruiter, understand that there are multiple processes going on behind the scenes. A good recruiter will be transparent and set expectations of when you can expect to hear back. Again, be respectful in adhering to the timeline the recruiter presents to you. If you don’t hear anything back by the time they specified, it’s OK to check in then and see how things are going.
For a complete listing of all of our current job opportunities, please visit our job board. Or, if you’re looking to add a new associate or staff member to your practice, contact us and begin your search today!
Wednesday, June 4, 2014
Optometrists and Ophthalmologists - How to Find a Job After Graduation
What To Have
A Plan.
Do you know where you want to be in five years? Do you want your first job to put you on the path to partnership or ownership? Are you more concerned with gaining experience than paying down student loans? You need to know where you want to go before you can decide how to get there.
Be sure to set realistic income expectations. The Bureau of Labor Statistics publishes an annual survey for Optometrists each year. The 2013 version can be viewed here.
A CV and Cover Letter.
Most applicants do not get an interview. Your CV and Cover Letter may be your only platform to distinguish yourself from the competition. It is hard to stand out from the crowd without experience but the way you highlight your strengths can set you apart. Did you take any electives or win any awards to recognition? Did you graduate in the top quarter of your class, attend CE outside of school, volunteer in a community clinical or on a mission trip? Be sure to highlight those experiences.
Here are some instructions on how to write a great cover letter: Electronic Cover Letters
The Right Clothes
What To Do
Networking has always been the most effective method for finding open positions, but it is not always practical to meet with every eye doc in the area and attend every eye care event. The internet can be a great tool for finding position. Your school and local association may have classifieds, but you will likely find that the listings are limited. Here are several comprehensive sources for vision jobs:
The Telephone Interview
- Return your phone messages and emails promptly. It speaks to your motivation, interest, and courtesy. Don't let returning phone calls or emails become an issue or an obstacle to getting an interview. Even if you don't think you will be interested in an opportunity, return the call. On more than one occasion we have seen a candidate get a call from Practice B when he was already talking with Practice A. The candidate puts off returning the call to Practice B. Two or three weeks later, the opportunity with Practice A does not work out and now Practice B will not consider the candidate because no calls have been returned.
- Your main goal in a telephone interview is to get a face-to-face interview.
- Ask for the interview. Take the initiative to set a time. Say something like, "From what you have told me, I would be very interested in meeting with you and coming to see your practice. When would be good for you?"
- Smile- even on the phone. You really can tell when someone is smiling.
Don't go in blindly. Be sure to prepare in advance. Look over this article the night before: Are You Ready for the Interview? .
- Treat the staff with courtesy and respect. A practice owner often feels like his or her staff is like a family and will listen to their opinions, especially if they are negative. On more than one occasion, we have seen excellent candidates not offered an opportunity because they treated a staff member poorly.
- Smile and show some enthusiasm. More candidates are hired because of their personalities and positive attitudes than because specific clinical skills. One high-end practice told us they had interviewed six different candidates. They hired the candidate who smiled and appeared to truly enjoy being an optometrist, passing on more experienced candidates with less personality and enthusiasm.
- Show sincere interest in the hiring doctor’s situation. Understand that the doctor needs to solve a problem. Maybe the practice just lost a key associate or partner. Maybe the practice is growing and cannot keep up with patient demand. Maybe the doctor needs someone to take over the practice when he or she retires. You need to get a clear understanding of the owner’s true motivation for adding an associate. Once you truly understand the needs of the hiring doctor, you can mutually determine if you are the solution.
- Send a
thank you note after the meeting. Be sure to send the note within
24 hours of the interview. Thank the interviewer for the opportunity to
visit with them and reinforce your interest in becoming a member of their
practice with genuine sincerity.
Do you have all the information you will need in order to make an informed decision? Here’s What to Know Before You Accept an Associate Position
Finding a job can be an intimidating process. I hope these resources will help make the process easier. Please feel free to call us should you have any questions. We are always happy to help. For more updates, tips, and helpful information, follow us on our Facebook fan page, Twitter, LinkedIn or on our blog.
ETS Vision is a Vision Recruiting firm specializing in finding and placing Optometrists, Ophthalmologists, and Vision Staff throughout the United States. www.etsvision.com
Thursday, May 22, 2014
Four Signs it’s Time for a New Job
Hopefully this doesn’t describe you or your current employment situation. If it does, though, there is something you can do about it – as a matter of fact, you’re the only one who can do something about it. Moving to another practice or starting a practice of your own is a serious decision that involves planning, strategy, and forethought, but the benefits of such a decision, as one might expect, can be life-changing.
If you’re thinking it might be time for a new job, consider these four warning signs and see how many apply to you:
- You’re Always in a Bad Mood: While work may not be the most exciting highlight of your week, a day at the office should not leave you feeling disgruntled, defeated, or depressed. Having a negative emotional connection with your workplace can spill over into other areas of your personal life if you’re not careful, so it’s important to pay attention to how you’re feeling as you walk out of the office every evening.
- You Do What You Do Out of Obligation: If you feel like your job is what you “ought to be doing” instead of what you “want to be doing,” you’re probably not going to enjoy going to work every day. Being in a practice environment that motivates you is the key to finding long-term career satisfaction.
- You Don’t Feel Challenged: Too much stress at work, as most of us know, can be a bad thing. Too little stress can be just as bad, if not worse. If you feel like you’re not being challenged daily or that you’re capable of more, it might be time to start looking elsewhere.
- Your Co-Workers Are Driving You Up a Wall: The people we work with play a larger role in our lives then we can imagine – after all, it’s likely you spend more time with them during the week than anyone else. If you’ve tried to resolve issues with your Vision team but still find yourself counting down the minutes until you can get away from them, consider looking for career opportunities elsewhere.
Whether you’re looking to take on more responsibility, start your own practice, or relocate to an area that better suits your needs, ETS Vision is happy to help make that transition as smooth as possible. Feel free to give us a call and get started today!
ETS Vision is a Vision Recruiting firm specializing in finding and placing Optometrists, Ophthalmologists, and Vision Staff throughout the United States. www.etsvision.com
Wednesday, April 23, 2014
Bits of Wisdom
For Vision Job-Seekers
- Don't compare your offer to your friend/colleague’s offer or contract. He or she will likely inflate or lie about it.
- Don't move to Southern California.
- 4 out of 5 practices pay on collections. It’s just a fact. Don’t limit your options based on this factor alone.
- High compensation percentages are great, but always remember that 40% of zero = ZERO.
- When considering geographic location, think about what you're really looking for. Do you need to be in "x" (major city) everyday, or just have access to that major city?
- Never pay to find a job, unless you’re a professional athlete.
- Be responsive to potential employers when they reach out to you.
- Keep track of the practices, groups, and companies to which you apply. It’s embarrassing when you’re called and you don’t know who you are talking to.
- The grass will always appear greener on the other side, but very often it is not the case.
- Don’t pretend to be a contract expert. Get advice from experienced professionals when needed.
- Practices are not good or bad because they are “corporate” or “private.” Individual office management is mostly the reason practices are good or bad places to work.
- Do you want to be a little fish in a big pond or a big fish in a little pond?
- What is more important to you? Location or opportunity?
For Hiring Practices/Practice Owners
- Don't hire an associate to allow yourself more time off or fewer days per week and expect to make the same (or more) money.
- Great associates or partners are not found or hired in a matter of days. It takes at least a few months.
- Listen to your office staff when making new hires. If your team can’t stand your prospective associate, it will not go well very quickly.
- Don’t pretend to be a contract expert. Get advice from experienced professionals when needed.
- The best talent is not necessarily local talent. Be open to out of town prospects.
- Old dogs can learn new tricks. It just happens differently.
- The hardest associate to hire and keep happy is your very first associate.
- Hire the best for your practice, not the first available.
- You get what you pay for.
- Personalities can't be changed, but clinical skills can be learned.
ETS Vision is a Vision Recruiting firm specializing in finding and placing Optometrists, Ophthalmologists, and Vision Staff throughout the United States. www.etsvision.com
Wednesday, March 12, 2014
Qualities of a Great Leader in a Vision Practice
Here are some leadership qualities we often see successful vision docs portray in their own practices:
- Have a clear vision - If a patient were to walk into your practice a year from today, what would be different? What about five years? Or ten? Having a written, clearly-defined vision for your practice not only help set future goals and objectives for sustaining and improving patient care, but it also gives your team a target to shoot for each and every day.
- Get your team motivated - Motivate your team in a style that matches the vision of your practice. Setting clear goals and measuring success through performance targets is a great way to increase productivity and keep everyone on task. Learn how your team responds to different stimuli as well. If you sense your morning routines are becoming drab and motivation is low, consider having special days, change in dress, or activities that involve patients to help shake things up.
- Don’t settle for less – With competition at an all-time high in the vision industry, now is not the time to sit back and coast when it comes to providing excellent care each and every time a patient is in the chair. Excelling in all areas of your practice, from friendly customer service when a patient walks in the door to the actual treatment itself and your own bedside manner, will all play pivotal roles in determining the success of your practice.
- Continuing education = continuing success – Continue to challenge yourself to grow professionally and personally every day. Whether its books and articles, classes, or professional peer groups, find a way to continually develop and hone your leadership skills.
- Be a good example – When it comes to your actions, attitude, and reactions, how you control your own emotions will become a clear indicator of how the rest of your team should control theirs. Maintaining a positive energy and treating each team member with respect are key elements in developing your role as a successful leader.
- Clearly communicate your expectations – This is an area where many doctors (and bosses in general) really struggle. Developing great policies and procedures for your practice is great in theory, but if none of those ideas and expectations are communicated effectively, they become useless. Reinforce your expectations in employee handbooks, morning huddles, and one-on-one meetings with staff regularly. Hearing the same expectations daily reiterates their importance and helps keep everyone on-track.
ETS Vision is a Vision Recruiting firm specializing in finding and placing Optometrists, Ophthalmologists, and Vision Staff throughout the United States. www.etsvision.com
Friday, December 13, 2013
Optometrists and Ophthalmologists - Are You Ready for the Interview?
- Get the logistics right. Time,
location, interviewer's name and position title.
- Do your research. Find out as
much as possible about the practice: size, scope, location of the office
and any satellite locations, etc. The practice website should be a very
good source. If the website includes a biographical sketch of the owner,
be sure to research the organizations and institutes of which the owner is
a member.
- Do some more research. Make
sure you have key data in your head about your existing and most recent
employers.
- Do even more research. Ask
former co-workers to tell you about your professional traits. What did
they most admire? Try to find some faults as well. This leaves you more
prepared for questions such as "what are your greatest faults"
or "if I were working with you ...".
- Prepare questions. The employer
will be trying to work out whether you fit the available role. You should
also take the opportunity to ensure that the practice is right for you.
- Practice (see below). Take time
to run through some of your answers. Don't over-rehearse, but make sure
that you are coming across confidently.
- Present yourself well. Find out
what the office culture is regarding business dress. If in doubt, go more
formal, not less formal. Make sure you are well groomed on the day.
- Be descriptive. Don't just
answer "yes" or "no" to questions. But also avoid
"over-answering." Make your answers colorful but not lengthy.
- Sell yourself to the
interviewer, but without exaggeration or telling lies. You are there to
market yourself, "blow your own trumpet" and explain why you'd
be right for the role. But don't come across as arrogant.
- Avoid making negative remarks
about your current employer, or past employers or colleagues. This will
only reflect on you in the interview.
- Be determined. Make it clear
that you want to get the job, even if you are given information in the
interview that sheds a new light on the role. Be positive, and then
evaluate the opportunity again when you are away from the interview. Don't
burn your bridges.
- Have positive body language,
and maintain a good posture.
For more interview tips and additional information, visit us online at www.etsvision.com.
Thursday, November 7, 2013
Hiring an Associate Optometrist – Experience vs. Potential
-
Production: Optometry School is just the beginning. It takes several years, lots of CE and thousands of chair side hours for most optometrists to hit their stride. An experienced optometrist should be better able to handle a full schedule.
- Known quantity: A seasoned optometrist brings credentials, a work history, and track record of past successes that will allow a new employer to project reasonably accurate results
- Less Babysitting: With experience comes independence and the ability to handle
- Malleable: While an experienced optometrist will come to your practice with his or her own idea on how an office should operate or with a well-defined clinical philosophy, a less-experienced optometrist will be open-minded and receptive to guidance.
- Less up front needs: This is true of patient load as well as guaranteed income. While many recent graduates have huge student loan debts to consider, they typically have less expense in the rest of their lives. They also come to your practice without the burden of trying to reach previous income levels. They typically are better able to handle a growing practice than an optometrist who needs to maintain a higher standard of living
- Superstars are still available: Most practices would love to hire an optometrist who is motivated, great with patients, can keep procedures in house and who will be a boom to the practice for years to come. Optometrists like that are rarely available long. These are the optometrists who are partners or practice owners within a few years of practice.
ETS Vision is a Vision Recruiting firm specializing in finding and placing Optometrists, Ophthalmologists, and Vision Staff throughout the United States. www.etsvision.com
Wednesday, September 11, 2013
Optometrists - What To Know Before You Accept an Associate Position
Relationship
-Employee or Independent Contractor?
-Employee at will?
-Is the doctor open to restrictive covenant in case of future ownership?
-Is the doctor open to a transition period, if needed? (After purchase)
Type of Practice
-What type of practice is it (full scope, pediatric, etc.)?
-Age of the practice?
-When/what do you refer out?
-How many treatment lanes?
-How many opticians?
-How many technicians?
-How much is the practice overhead?
-How long has each employee been there?
-What does the practice do to market itself?
-How many FT and PT staff?
Patients
-What is the patient pool like?
-Have the number of active patient records been reviewed?
-Is the practice growing or declining in number of patients seen, new patients attracted, and young patients?
-Average number of cancellations per week?
-Average number of patients seen by associate per day?
-How far ahead is the doctor book filled?
-How far ahead is the associate book filled?
-Discounts/Bartering/payment plans?
-PPO type of insurance? Insurances: accept all kinds or just selected ones?
-How much is the discounted price of the PPO compared to the fee schedule?
-Medicare or Medicaid acceptance?
-What percent is FFS, cash and discounted PPO?
-When was the last fee increase?
-Are the fees low, high or average for the immediate area?
-Do you offer patients credit?
Schedule
-Days, hours, on call, etc.
-How many office hours and days per week is the office open?
Duties
-Job description (separate document) or general description
-What were the most of the cases being done by the associate?
Facilities
-Supplies, equipment, support, etc.?
-Is the practice EMR compliant? If so, what system is being used?
-What is the square footage of the office? Can it be expanded?
-Average age of equipment?
-Do you have a confirmation system for appointments?
-How do you deal with NO Show?
Term of contract
-How long?
-What is the required notice period should either party wish to terminate the relationship?
Compensation
-Is there a guaranteed salary, draw, daily rate or hourly rate?
-Is commission determined from collections or production?
-If collections, what is the collections rate in the practice?
-What percentage of production/collections is used to calculate income?
-Is there a chance to increase compensation in the future?
-Taxes withheld?
-How will the associate be paid? (Weekly/bi-weekly/monthly)
-How much on average was the last associate making?
-What was the average associate production per day?
-Can I get a fee schedule of the practice?
Benefits
-Medical Insurance: health and dental?
-Malpractice insurance?
-Disabilities insurance?
-Required CE courses? How much and for how many hours a year? Are they paid for/reimbursed? Is there a stipend?
-Retirement?
-Sick days…….. # allow per yr…..
-Personal days/vacations…..# per yr allow……
-Holidays?
-What benefits are given to the staff?
Expenses
-Define, list, when paid, etc…..
-Will the practice support the acquisition loan (in case of future ownership), pay the overhead expenses and afford a reasonable income?
Other Questions and Notes
-What is your practice Philosophy and Goals? For the Practice and with new patients?
-Have you had associate before? How many? How long did they stay? What was the reason for the associate resignation?
-How do you advertise?
-Who determines how long I have to spend with new patients/initial exam and record?
-Is there a particular doctor in the area who is your main competitor?
-Who sees the patient first (technician or optometrist)?
-Why was the partnership offer turned down by an associate (if applicable)?
-Will I be able to visit the office during regular working hours?
Partnership/Buy-in/Sale
-Discussion/Formula/Price
-What will be the time frame for an associate position before we can talk about partnership/buy-in/buy-out?
-Is there an option for future ownership? Are you considering a move out of state?
Restrictive Covenant
-Define
Chante Smith is the Western U.S. Account Executive and Recruiter for ETS Vision. She can be reached at csmith@etsvision.com or 540-491-9105. ETS Vision is a Vision Recruiting firm specializing in finding and placing Optometrists, Ophthalmologists, and Vision Staff throughout the United States. www.etsvision.com