CareCredit, Glimpse Release Practice Performance Trend Report

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COSTA MESA, Calif.—CareCredit, a Synchrony company that provides patient financing, has partnered with Glimpse, a division of ABB Optical Group, to produce a new Independent Optometry Key Performance Metrics Trend Report which is now available free for eyecare professionals. Based on data derived from more than 500 independent optometric practices across the country, the report details industry benchmarks including gross revenue, revenue per patient, total eyewear revenue and other important information providers can use to better evaluate their practice performance. “This report gives practices some very valuable ‘big data’ they can use to objectively assess their relative performance as compared to their peers and to identify areas of potential growth and improvements,” said Randy Baldwin, vice president of marketing at CareCredit.

Findings shared in the 2018 KPI Trend Report include that the average patient volume declined 5 percent from the previous year while average per patient revenue increased by 5 percent. In addition, eyewear sales increased consistently throughout 2018 and accounted for 42 percent of gross revenue, yet the total gross revenue practices received from eyewear sales trended down, declining 8 percent from the previous year.

Optometric practices can view the report for free at www.carecredit.com/OpticalStrategies.