September/October 2013
Transcription
September/October 2013
ISSUE Tip of the Month The best opportunity to educate patients on the treatment and care of their eyewear is at the dispensing table as you are presenting the patients fabulous new glasses! Even for veteran eyeglass wearers, a quick reminder of the do’s and don’ts in regards to lens care can help protect their financial and health investment in their new eyewear. Scratches and haziness of lenses can affect their vision and cause eyestrain in addition to the potential frustration caused by damaged lenses! Relay these tips while dispensing to help avoid sticky situations down the road: Never use paper products or clothing to clean your lenses. An old t-shirt kept for that purpose only is acceptable, but using clothing they are currently wearing may have dust or particles attached that will damage the lenses. Do not use glass cleaners or household detergents and soaps. Use a cleaner developed especially for lenses when possible. Always spray or rinse the lenses under water before wiping. The cause of many scratches is dust or debris being wiped back and forth across the lens. Use pre-moistened lens towelettes when out and about. Store glasses in a case when not being worn. 5 Se p te m b e r/ O c to b e r 2 0 1 3 Midwest Labs Iowa Coppertone promotion P.3 What’s New / Tip of the Month P.4 We are pleased to announce the addition of Dave Borton as Production Manager in the years of wholesale optical laboratory experience. With Stand alone discount programs, material only discount programs and discounts on the additional purchases after use of benefits (second pairs) emphasis on quality control and maximized turnaround time, Dave also brings a wealth of knowledge in general Low vision materials Any other benefit that requires the submission of a CMS 1500 form craftsmanship. He is an ex- Any plans or groups that are specifically excluded development and we are ex- Emergency services/situations management team! Please Specialized lenses not covered in the Eyemed lens catalog Multi-pair sales P.1 Multi-pair sales cont. P.2 Dave comes to us with over 28 Recently, Eyemed has made the announcement to limit your choice of labs when processing Eyemed insured patient lenses by requiring the use of an approved network lab. We do not agree with the new business model Eyemed has chosen to implement and view it as taking away your freedom in choosing the lab and products that work best for your business and patients. You lose the ability to manage this area of your practice while your patients will experience increased wait time for their eyewear. In addition, changes to fee for service billing in regards to medical eye conditions also have the potential to negatively financially impact your business. We have had the opportunity to examine the parameters of these changes and have determined the following Eyemed orders can continue to be processed through Midwest Labs: this issue Welcomes Dave Borton Midwest Labs Iowa facility. What’s New? Eyemed FOCUS optical manufacturing and pert on employee training and cited to welcome him to our feel free to contact Dave with any questions you may have or to introduce yourself! Additional pair sales, everyone loves them! But, in recent years with our challenging economy, many ECP’s have been reluctant to broach the subject with their patients. As experts in the industry most of us have multiple pairs of glasses. It is a perk of the industry as many of you test new lens designs before offering to your patients. However, most of us will agree that eyeglass wearers should have a minimum of two pair: clear or photochromic everyday pair and polarized sunglasses. As insurance plans continue to affect your bottom line, it is imperative to explore methods to keep your business healthy while also benefiting your patients. It doesn’t take a financial wizard to know that increased sales are needed to grow your business and compensate for lower reimbursements from insurance companies. You have four options to increase your gross revenue: 1– Boost the number of exams each day 2– Raise your prices 3– Retail premium products 4– Sell more goods and services to each customer The easiest, and often overlooked, approach is to sell more goods and services to each customer. Your business is established; it has regular customers and like all businesses, you’ve collected all kinds of information about them. The goal is to bring all your patients eyewear needs to light and even if they do not purchase additional pairs at the time, plant the seed of additional eyewear that would beneficial in their daily activities. A 20% discount on a second pair seems to be the most popular offering in our industry. Yet, the rate of second pair sales remains sluggish. What if you offered a 50% discount on second pairs? It may seem extreme until it is put in the perspective of second pair sales. Human nature dictates a stronger response to higher discounts, who doesn’t love a deal? If you are currently selling a handle of second pairs per month, a more attractive discount can produce additional dollars with minimal effort. A quick analysis shows the earning potential of a second pair sale at a 50% discount. For example, you average frame and lens sale is $450. If your total cost in the job is $125, a 50% discount will still net you an additional $100 in profit, which you would not have had without the second pair sale. $100 x 254 business days = $25,400 additional profit per year selling only one second pair per day BUY ONE GET ONE THE ULTIMATE TWO-PAIR PACKAGE FREE LENSES Everyone owns more than one pair of shoes for varying activities, eyewear should be no different….. To maintain the profitability in this strategy, we recommend the following guidelines: ► The additional pair must be a complete pair of glasses, frames and lenses. (No lenses only) ► Both pairs must be ordered either at the same time or when the patient returns to pick up the initial pair. ► The second pair discount applies even if the first pair is purchased through a vision plan. (Remember– incremental) ► No other discounts will apply. Another approach for increasing sales in an existing market is to offer other merchandise as rewards for multiple purchases. Offer a $50 gift card to a popular restaurant or department store in your area if a second pair is purchased. The second pair may be less than the first, but increased profitability is your end goal. Suppose the second pair is $250 frame and lens, but your cost is $80. The total profit would be $120 after the gift card purchase. $120 x 254 business days= $30,480 additional profit per year selling only one second pair per day Reward the patient with their gift card the day they pick up both pairs of glasses. They have a pair of stylish new sunglasses and a free lunch while you enjoy additional profit with little effort. Offering programs like these work because the conversation is more comfortable. You are addressing all of your patients’ varying visual needs combined with a powerful incentive for the patient. The ability to present a win-win situation helps alleviate any anxiety of rejection or the feeling of being to “salesy”. In addition, there are a whole host of reasons why a second pair is essential: computer glasses, sunglasses, a dressy pair, the list goes on. Everyone owns more than one pair of shoes for varying activities, eyewear should be no different. When presented correctly, most people will recognize the benefits of additional pairs of eyewear. Asking questions is the most effective way to root out visual challenges. Do you work on a computer? Do you spend a lot of time outdoors? What type of hobbies do you enjoy? From their answers, you will be able to engage them in further conversation to uncover what additional types of eyewear would be beneficial. Great analogies to use with presbyopic patients are common items that are available in different designs for varying applications. When you are cutting vegetables in the kitchen, do you use a butter knife? When working outside in the yard, do you wear dress shoes? No. When it comes time to do a job properly, the proper tools are needed. A general use progressive will be effect in many different applications, but for specific activities a specialized lens would be appropriate. Midwest Labs offers several different frame and lens packages to assist in presenting multiple pair sales: ● Simple Choice (Economy) ● Kids ● Computer ● Safety ● Sunwear Starting at $20 for a complete pair of frames and lenses, these packages are designed to be affordable enough to interest your patients in additional pairs while bringing the maximum profit to your bottom line. We are also extended the Coppertone BOGO promotion through the end of 2013. If you have not incorporated a clear plan in your dispensary to offering multiple eyewear solutions for your patients, now is the perfect time to get started! Midwest Labs COPPERTONE® BOGO promotion extended through 2013! What’s better than selling a pair of SUN lenses to a customer? Getting the clear pair for free! BUY ONE pair of Coppertone® polarized polycarbonate lenses. GET ONE pair of lenses FREE. . of Add value to your business by promoting the sale of a 2nd pair glasses. Take advantage of the BOGO promotion. Pass the savings on to your patients. »Create a Sun Package. Focus on 2-pair sales to increase your margins and be more competitive. »Offer a discount on the second pair or a special 2-pair package price. Product Availability: Coppertone SV Coppertone D28 Bifocal Coppertone 7x28 Trifocal Illumina Coppertone Naturalite Digital designs in Coppertone Autograph Digital Progressive Design Spectrum Digital Progressive Design It’s easy to order! ► Electronic orders– Specify “BOGO” in comments on both orders ► Fax orders– Write “BOGO” on both fax orders ► Phone orders– Let your customer service rep know this is a Coppertone BOGO and we will take it from there! Must be the same prescription on both orders and value of free pair is clear polycarbonate uncut pricing. Second pair can be ordered up to 30 days after initial order. NOW EXTENDED THROUGH 2013!