Small Practices Will Survive
Don’t believe the hype. The future of ophthalmology practices is not all mergers and acquisitions
Ravi Goel |
Is the future of ophthalmology practices big or small? It’s a question being pondered by many – and the common view is that small and solo practices could become a thing of the past. But I want to share my view that small practices will survive, and here’s why…
Ophthalmologists are a “savvy” bunch. Back in 1995, during the height of the Clinton healthcare debates and push towards primary care, it was estimated that there would still be sufficient demand for ophthalmologists going forward if our specialty reconfigured as preferred primary eyecare providers (1). In addition, an AOS report published in 2011 described that the ophthalmic community was quick to respond to market demand, and a positive relationship exists between GDP growth and demand for private practice ophthalmologists (2). Interestingly, the AOS study noted a 2–3 year decline in ophthalmologists demand following a recession.
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