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Many optometrists have told us they are not sure how to go about their practice transition. Whether it’s buying, buying into, or selling a private practice, you should consult with an experienced “practice transition support team”.
We have found that experienced resources are very hard to find. Some states have more support resources than others but none have assembled a complete team to help ODs.
So, who should be on this team and where can you find them? Vision One has identified the most important team members (below). As a service to optometry, Vision One
will be offering assistance to state associations to create their “Practice Transition Support Network” members you can use if guidance is needed (stay tuned).
Younger ODs looking to enter private practice ownership don’t know how to start the practice search or what to do if they find one. This coupled with the fear of student debt
payments actually drives many recent graduates to take a corporate position.
Optometrists that desire to exit the profession do not seem to be aware of the various options available to them. In our opinion, an OD should be able to retire in the time frame
and in the manner they want. Vision One has developed services to support this goal.
To understand who should be part of your practice transition support team, you need to know what services are needed to transition a practice. Depending on what action you want to take, you might need some or all of the services described.
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Members of your practice transition support team should have substantial experience with optometric practices. You wouldn’t want a patient to see a general medical doctor for eye care, so don’t expect good results from service providers that occasionally serve optometry or rely on a general medical model. A knowledgeable support team will understand many of the transition risks and will take the time to explain them to you.
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Benefits of Membership

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