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News

Following are links to relevant news about the independent optometric industry. This section will be updated periodically with the latest information to help you stay informed and to learn about developments that may affect your business.

Vision Loans Program Marks 200th Loan to Preserve Private Practice Optometry
– VisionMonday

RANCHO CORDOVA, Calif. and DALLAS—The Vision Loans program, a practice transition program funded by VSP Vision Care, Essilor of America and Vision One Credit Union, reported that it had provided its 200th loan to an optometrist via the plan that is designed to help independent ECPs purchase private practices and successfully transition practices for retirement.

Essilor of America Announces Series of Independent ECP Forums
– VisionMonday

DALLAS— Essilor of America announced yesterday that it will host four independent eyecare professional forums in October. The invitation-only “Optometry2020” gatherings are designed to discuss the state of the industry and to hear from optometrists about their business, as well as challenges and opportunities that they face and anticipate in an evolving independent optometric industry.

Essilor and VSP Vision Care Commit $10 Million to Vision Loans Program
– Vision Monday

DALLAS – Essilor of America and VSP Vision Care have increased their support of independent eyecare professionals by committing an additional $5 million each to the Vision Loans Program, which provides loans to optometrists looking to finance first-time practice purchases, partnership buy-ins and refinancing options.

Sizing up SpecSavers
- Optometric Management

When Carmelo Castiglione, MCOptom, first began practicing nearly 20 years ago, SpecSavers, with its value-for-money model of eyeglass sales and exams, was criticized for devaluing the profession he worked so hard to enter.

Bain Study Recommends That Independent Optometrists Adapt to Change
- Vision Monday

BOSTON – “Independent optometrists will need to change their behavior in order to survive,” according to a Bain & Company report titled “Do you see what we see? The future of independent optometry.”

4 disruptions challenge independent practice
- Optometry Times

Big box, online retailers gain market, not patient loyalty, Bain & Co. report says
San Francisco – Is the independent optometrist being threatened much like small bookstores and neighborhood pharmacies?

Pinpoint Your Practice Potential
- Optometric Management

Where do you see yourself after graduation? Are you working for a chain as you pay off your debt while dreaming of hanging out your own shingle one day? Are you putting in long hours for another optometrist, hoping to build a client base and gain business experience? Are you stepping right into your dream of becoming an owner of a private practice?

VSP Survey Finds Optometry Students Face Financing Hurdles When Pursuing Goal of Private Practice
- Vision Monday

RANCHO CORDOVA, Calif. – In a newly released study of career patterns among new optometry school graduates, VSP Vision Care surveyed optometry students during their third year in school along with their first year in practice, and discovered that 72 percent of respondents during their third year In school preferred to start their careers through private practice ownership, but only 15 percent of respondents became an independent eyecare professional practice owner in their first year of practice.