By Staff
Wednesday, February 12, 2025 9:15 AM
PARIS—Kering Eyewear, part of the global luxury group Kering (KER.PA), has reported revenue of €1.6 billion for the full year 2024, up 6 percent on a year-over-year comparable basis. In the fourth quarter, sales totaled €326 million, an increase of 8 percent as reported and up 7 percent on a comparable basis, driven by all regions as well as the main brands in its portfolio, according to the company. The Kering Group, however, reported a 12 percent decline in overall revenue in 2024.
Read More
By Staff
Wednesday, February 12, 2025 9:10 AM
Performing comprehensive screening for diabetic retinopathy can be challenging for many patients, especially those with inadequate insurance or access to care. With proper fundus photography, optical coherence tomography and ultra-widefield imaging, however, physicians can catch DR before it worsens in these and other patients. The only problem is getting this screening technology to the masses and ensuring patients adhere to routine follow-up. Fortunately, advances have been made to screening for DR that can increase awareness and diagnosis for all patients, including those from historically underrepresented groups looking for care.
Read More
By Staff
Tuesday, February 11, 2025 10:43 AM
The initial announcement of President Trump’s new tariffs on goods imported from China, Mexico and Canada threw global markets into a state of uncertainty and concern last week, with fears of major economic fallout and key industry players formulating strategies to navigate a potentially more aggressive U.S. trade policy. The 30-day pause on tariffs against goods imported from Mexico and Canada, which were slated to take effect on February 4, has provided a brief reprieve, but with the looming threat of their implementation, the optical industry continues to assess the tariffs’ potential impact should the Trump administration enact the additional measures.
Read More
By Staff
Tuesday, February 11, 2025 10:37 AM
As myopia rates continue to rise globally, providing myopia management in an optometric practice is becoming not only a valuable service for patients but also a potential revenue stream for clinics. However, implementing this service necessitates a comprehensive understanding of the financial commitments involved. From overhead costs to patient fees, establishing a profitable myopia management program requires careful consideration of the economics. The key areas that ensure myopia management is both feasible for patients and sustainable for your practice include chair cost, fee structures, marketing, and return on investment (ROI).
Read More
By Staff
Monday, February 10, 2025 11:39 AM
Behind every great pair of eyeglasses is a great optician. Opticians play an important role in the vision care experience by providing support to patients, and assisting with the fitting of eyeglasses and contact lenses. But they are also adept at helping patients find eyewear that fits their vision needs as well as their lifestyle requirements. January's National Optician Month celebrated the vital role of opticians in vision care as optometry practices throughout the U.S. paid homage to their opticians. Here are a few examples of opticians who go above and beyond serving patients in underserved communities, both at home and abroad.
Read More
By Staff
Monday, February 10, 2025 11:29 AM
The archetype of an optometrist as a white male owner of solo practice focused on selling glasses, usually with his wife keeping the books and running the dispensary, was a fairly accurate representation for much of the profession’s first century. Changes within optometry and the wider American culture in recent decades, however, have demolished that stereotype. The workforce is now more ethnically diverse and predominantly female, and the mom-and-pop shops of old are being overtaken by large corporate ownership networks that are laser-focused on maintaining the bottom line. Optometrists’ personalities and priorities have changed, too. “Type A” workaholic ambition is out; work-life balance is in.
Read More
By Staff
Friday, February 7, 2025 9:15 AM
VAUGHAN, Ontario—Bausch + Lomb Corporation (NYSE/TSX: BLCO), a global eye health company and contact lens maker, announced that it has ended negotiations for a potential sale with a third-party buyer. In December of 2024, as
reported in
VMAIL, the company said it was exploring a potential sale and other options that would lead to a full separation from parent company Bausch Health Companies Inc. Last week, Bausch + Lomb issued the following update on a potential sale, which was disclosed in December following a request from the Canadian Investment Regulatory Organization.
Read More
By Staff
Friday, February 7, 2025 9:10 AM
Have you ever found yourself asking, “Why am I not getting paid for the claims I am filing?” We call this revenue leakage. Revenue leakage is when a provider delivers care and services to a patient, but does not receive payment. When it comes to an effective billing process in your eyecare practice, there are several challenges and obstacles that affect revenue leakage. In this three-part series,
Review of Optometric Business breaks down the leakage into three buckets: administrative and operational; technical process and workflow; and financial and patient. In this first article, they focus on administrative and operational challenges that are often the hidden culprits behind revenue leakage for eyecare practices.
Read More
By Staff
Thursday, February 6, 2025 9:15 AM
ORLANDO, Fla.—Following the recent U.S. FDA approval of EssilorLuxottica's (Euronext: EL) over-the-counter Nuance Audio Glasses, the company has wasted little time in ensuring product is available to meet demands. On Wednesday, the company told
VMAIL that it shipped its first 25,000 units of Nuance Audio overnight to the U.S. once the approval came in, with additional shipments on the way. This news was also shared with audience members at the company's recent Transitions Academy, held this week in Orlando, Florida. With the FDA approval, Nuance Audio Hearing Aid Software has become the first FDA-cleared, preset software as medical device (SaMD) in the U.S., the company has advised.
Read More
By Staff
Thursday, February 6, 2025 9:10 AM
As doctors, are we allowed to say we’re struggling? And if we are, are we willing to admit it? Taking on the daily task of caring for others, listening to their concerns and critically thinking to solve their health issues is a big responsibility. It’s the responsibility that comes with the white coat, and as optometry students preparing to be doctors, we can’t wait to wear it! However, is there a long-term emotional cost to this high-energy caregiving? Becoming doctors requires a certain mental toughness, and it starts with the relentless focus needed to get through school—up to three exams a week, a full class load and extreme pressure to excel.
Read More
By Staff
Wednesday, February 5, 2025 10:48 AM
The optical industry continues to marshal resources and adapt as it assesses the impact that tariffs ordered by the Trump administration may have on revenue, materials, products and staffing. With President Trump having inked executive orders over the weekend that were slated to take effect on February 4 that imposed 25 percent tariffs on all goods imported from Mexico and Canada, with a 10 percent tariff on Canadian energy products, and a 10 percent tariff on imports from China, reliable news outlets reported that U.S. consumers and businesses could expect costs to rise on products ranging from groceries to gasoline to technology, leaving few sectors unaffected.
Read More
By Staff
Wednesday, February 5, 2025 10:38 AM
Employment of opticians is projected to grow 3 percent from 2023 to 2033, about as fast as the average for all occupations. About 7,400 openings for opticians are projected each year, on average, over the decade, according to the U.S. Bureau of Labor Statistics. That’s great potential for industry growth, so how can you grow your career with it? Certification raises the bar. While licensing requirements vary from state to state, a professional designation representative of having met minimal competency levels in the field is an asset. The American Board of Opticianry and National Contact Lens Examiners (ABO and NCLE) is the largest and most prestigious opticians’ certification organization in the world.
Read More
By Staff
Tuesday, February 4, 2025 2:09 PM
TOKYO—Hoya Corporation (7741:Tokyo) has announced consolidated revenue of 220.8 billion yen for the third quarter ending December 31, 2024, up 13 percent from year-ago, and up 11 percent on a constant currency basis. Pretax profit rose to 65.2 billion yen, a 31 percent increase compared with the year-ago period, up 28 percent with the constant currency effect. Operating profit increased 17 percent to 66.1 billion yen compared with the prior-year period, an increase of 13 percent in constant currency, according to Hoya.
Read More
By Staff
Tuesday, February 4, 2025 1:58 PM
Marchon Eyewear, Inc. and Kendra Scott, the celebrated lifestyle brand known for its design, material innovation, and founding philosophy of “Family, Fashion, and Philanthropy,” have announced that they have entered an exclusive, long-term licensing agreement. “We are thrilled to welcome Kendra Scott into our world-class portfolio of brands, a truly remarkable brand known for iconic jewelry designs, but also their philosophy and commitment to giving back,” said Thomas Burkhardt, president, Marchon Eyewear, Inc. “We are very proud to announce this partnership, and we are confident the brand’s expansion into eyewear will be a great success for many years to come.”
Read More
By Staff
Monday, February 3, 2025 3:04 PM
As the calendar turns to 2025, artificial intelligence (AI) continues to cast a wide net over nearly every industry, and the optical industry is no exception. Developing at a torrid pace, AI is being implemented by optometrists, ophthalmologists and primary care physicians as a means to increase efficiencies in their practices while still striving for optimal patient outcomes. As the technology evolves, it is being used to enhance applications and perform a variety of tasks such as disease detection and diagnosis, screening and monitoring, expansion of telehealth, personalized medicine, virtual and augmented reality, administrative tasks, drug discovery and to improve access to care and patients’ overall health.
Read More