Community > Blog > Operations/Practice Management > Important Optometry Supplies For a Successful Practice
No matter how great of an optometrist you may be, you won’t be able to deliver great care unless your optometry practice is stocked with the proper equipment and supplies.
In this article, we’ll go over the many different pieces of equipment, tools, and supplies your optometry practice needs and explore how an optometry buying group can help lower your costs and increase your profitability.
In order to open up an optometry practice, you’ll need to either lease or buy the essential pieces of equipment, including but not limited to the following:
If you’ll be practicing ophthalmology in addition to optometry, be sure to check out our guide to the essential ophthalmological equipment. Because ophthalmologists are medical doctors who specialize in surgical eye procedures, they require a lot of specialized surgical equipment and supplies.
Once you secure the larger and more expensive pieces of equipment, make sure your practice is well-stocked with any other tools, instruments, and supplies you’ll need, such as:
Offering frames and contact lenses to your patients can help you generate more revenue per patient; the average eyeglass patient generates an additional $133 in revenue per year, while the average contact lens patient generates $228 per year. If you plan to dispense eyeglasses and contact lenses, you’ll also need an optical setup and inventory.
If you’re going to sell frames and contact lenses, consider what other optical goods and “extras” you can offer. These include but are not limited to eyeglass cases, eyeglass cleaning kits, eyeglass repair kits, contact lens solution, contact lens cases, nutritional supplements, and more. Even for a smaller practice, sales of all of these products combined can bring in an additional $10,000 to $15,000 per year.
If you do choose to sell eyeglasses and contact lenses, you may require additional optical supplies such as:
When it comes to your frame inventory, consider your patient demographics as well as your brand. These will help you determine what styles to carry and how many low-end, high-end, or child’s frames you should have in stock. Many cold start practices start off with an inventory of around 400 frames or so. Make sure to do some local research on popular styles and trends.
For contact lenses, some optometrists keep a full inventory while others choose to keep their in-house inventory to a minimum, opting for an online ordering system or shipping to patients directly from manufacturers. There are pros and cons to each option, and the best choice depends on your patient demographics and preferences, your practice’s capacity to keep inventory, etc.
With both frames and contact lenses, you can save money by buying at bulk discounts or joining a group like PECAA that offers substantial discounts and rebates to members.
PECAA’s group buying power connects Members to 70+ Vendors offering discounts up to 50%. Our equipment partners offer cutting-edge technology designed to work for you in order to provide your patients with the very best of care. Our contact lens partners offer PECAA Members some of the best pricing available. Our frame and accessories partners offer products at a variety of price points to meet the needs of your patients. Many of these vendors cater exclusively to the independent practitioner and offer products that are not available to chain retailers.
In order to maximize your rebates as a PECAA member, make sure you:
On average, PECAA Members save enough in discounts & rebates to triple their return on their membership investment. Join PECAA today and start saving tomorrow!