EssilorLuxottica Reports Solid Revenue Growth for Q1 2024

By Staff
Friday, April 19, 2024 4:28 PM CHARENTON-LE-PONT, France—EssilorLuxottica announced yesterday that consolidated revenue for the first quarter of 2024 was €6,335 million, representing a year-on-year increase of 5.5 percent at constant exchange rates compared with the first quarter of 2023. Francesco Milleri, chairman and CEO, and Paul du Saillant, deputy CEO at EssilorLuxottica commented, “We’re pleased to report another solid start to the year for the company, with every geography and business contributing to the positive performance.” The initial quarter of 2024 grew mid-single digit in line with the company’s long-term guidance. Read More

Review of Optometry: Corneal Cases—Which Are Right for You?

By Staff
Friday, April 19, 2024 4:25 PM A wide array of corneal conditions are encountered on a daily basis in most optometric practices and appropriate diagnosis and management are vital to ensure good vision and promote ocular health. While many can be managed by practicing OD in their offices, a variety will require surgical intervention or at least a consult with a cornea or oculoplastics subspecialist. In such cases, prompt referral may be critical to ensuring successful outcomes. Here, we will detail commonly encountered corneal conditions, summarize management and underline when to consider referral. Read More

The National Average for Gross Revenue at ECP Locations Decreased for the Week of April 8–14, Jobson’s Latest Practice Performance Tracker Shows

By Staff
Thursday, April 18, 2024 11:49 AM NEW YORK—The national average for gross revenue at ECP locations decreased last week, April 8–14, when compared with the previous week at a rate of -4 index points. That places gross revenue at a level 2 index points above where it was at this point in time (Week 15) when compared with last year (2023), 1 point above the same period in 2022, 6 points above 2021, 101 points above 2020 and 15 points above 2019, according to Jobson’s most recent Practice Performance Tracker. Read More

Review of Optometric Business: The Benefits That Helped Me Attract and Keep Employees During the Great Resignation

By Staff
Thursday, April 18, 2024 11:30 AM When you have a great team in place you want to keep them for as long as possible. I purchased a 10-year-old practice in 2020, around the start of the pandemic. The first years of my practice also coincided with what some have called the Great Resignation, when it became much more difficult than it had been in the past to recruit and retain employees. Revenue growth can be difficult to correlate to one specific cause, especially staffing. In my case, I added multiple additional services, but clinical culture and ability to delegate tasks to staff definitely aided in our revenue growth. Here are the benefits I offer to my employees that attract a great, long-lasting support team that has contributed to our profitability. Read More

Johnson & Johnson Reports First Quarter 2024 Financial Results

By Staff
Wednesday, April 17, 2024 11:29 AM NEW BRUNSWICK, N.J.—Johnson & Johnson (NYSE: JNJ) has announced financial results for the first quarter of 2024, with reported sales growth of 2.3 percent to $21.4 billion, operational growth of 3.9 percent, and adjusted operational growth of 4.0 percent. Sales in the U.S. increased 7.8 percent for the first quarter. “Johnson & Johnson’s solid first quarter performance reflects our sharpened focus and the progress in our portfolio and pipeline,” said Joaquin Duato, chairman and chief executive officer. “Our impact across the full spectrum of health care is unique in our industry, and the milestones achieved this quarter reinforce our position as an innovation powerhouse.” Read More

Women In Optometry: Advocates for Optometry on Capitol Hill

By Staff
Wednesday, April 17, 2024 11:15 AM More than 500 optometrists and students gathered for the American Optometric Association’s AOA on the Hill on April 15 and 16 to advocate for the profession. AOA president Ronald Benner, OD, of Laurel, Montana, said that this is one of the largest groups ever assembled for the event. Dr. Benner, who will hand the leadership gavel to Stephen Reed, OD, at Optometry’s Meeting in June, said that he is proud that the organization has become more forward-looking and more direct in calling out those organizations that are trying to block the profession’s progress. “It not about pointing fingers but creating dialogue. That’s not always easy or comfortable, nor do we always get the results we want, but we’re not walking away from it,” he said. Read More

New inSights Research From The Vision Council Reveals More Than One-Third of Eyewear Users Neglect Proper Care

By Staff
Tuesday, April 16, 2024 1:55 PM ALEXANDRIA, Va.—The Vision Council released its latest research report, Focused inSights Eyewear Accessories, providing comprehensive data into American adults' behaviors, preferences and purchasing patterns related to eyewear accessories. The report sheds light on the usage and maintenance habits surrounding various eyewear accessories and underscores the importance of proper care and storage of eyewear products to ensure optimal vision, according to the announcement from The Vision Council. The survey highlights a variety of eyewear accessories, including eyeglasses cases, eyeglass chains/lanyards, microfiber cloths, eyeglasses replacement/sizing nose pads, lens cleaning wipes, lens cleaning solution, contact lens cases, contact lens solution and lubricant eye drops. Read More

20/20 Magazine: Sports Playbook

By Staff
Tuesday, April 16, 2024 1:45 PM If you have yet to prioritize sport eyewear, now is the time to make it a part of your dispensing game plan. 20/20 presents their annual Sport Eyewear MarketPulse Survey. Eighty-eight percent of independent optical locations dispensing eyeglasses report also dispensing some type of sport or protective eyewear, including ski and swim goggles. Take a look at the numbers to see where the market stands and how you can incorporate this important category into your sport eyewear playbook. Conducted by Jobson Research, this year’s study surveyed 300 respondents at independent optical locations dispensing eyeglasses (266 dispensed sport eyewear) in February 2024. Read More

Keeping the Focus on Women’s Eye Health and Safety

By Staff
Monday, April 15, 2024 11:17 AM There is a notable gender imbalance when it comes to eye health. In fact, two-thirds of all blindness and visual impairment occurs in women, according to the National Eye Institute. Women also have a higher prevalence of age-related macular degeneration, cataract, dry eye, glaucoma, refractive error and thyroid eye disease. According to the Lancet Global Health Commission on Global Eye Health: Vision Beyond 2020 report, this gender imbalance can be attributed to both demographic factors and social factors. As we celebrate Women’s Eye Health and Safely Month during April, the optical industry is shining a light on this issue, with a sharp focus on prevention, education and eliminating the barriers to improved women’s eye health, including greater access to care. Read More

Review of Ophthalmology: Maximizing Vision After Cataract Surgery

By Staff
Monday, April 15, 2024 11:10 AM With more than three million Americans undergoing cataract surgery each year, it is one of the most common—and safest—procedures performed in the United States. And ongoing advancements in surgical techniques and intraocular lens technology support the efforts of ophthalmologists who continuously strive to ensure their patients have the best possible visual outcomes. Maximizing outcomes depends on a number of factors and doesn’t end with the removal of the cataract and the implantation of an IOL. “The key aspects of patient satisfaction after cataract surgery today include a meticulous preoperative evaluation, judicious patient selection and a comprehensive patient education,” said Garden City, New York’s Eric Donnenfeld, MD. Read More

CooperVision Expands Its Myopia Management Team

By Staff
Friday, April 12, 2024 1:30 PM SAN RAMON, Calif.—CooperVision has announced two advancements to educate and support U.S. eyecare professionals as they enter into and continue with myopia control in their practices. The company’s newly launched MiSight 1 day QuickStart Program has been introduced to simplify the process of prescribing MiSight 1 day contact lenses for ECPs. Additionally, CooperVision has expanded its dedicated myopia management team to provide additional professional support to combat the growing epidemic. Priscilla Chang, OD, FAAO, IACMM, has joined CooperVision as senior manager, myopia management. Dr. Chang previously served as a clinical sales consultant for Johnson & Johnson Vision. She joins Leah Johnson, OD, FAAO, FSLS, FBCLA, and Felicia Timmermann, OD, MS, FAAO, senior managers, myopia management. Read More

Review of Optometry: Visual Impairment Makes Digital Health Care Access Less Likely

By Staff
Friday, April 12, 2024 1:20 PM Recent advancements in telehealth acceptance has great potential to help bridge gaps in health care disparities, experts say. Especially for elderly adults, virtually connecting them with health care professionals can overcome certain challenges faced with physical visits. As such, Johns Hopkins researchers wanted to investigate if there was any association of visual impairment (VI) and digital technology access in older U.S. adults. Their results were recently published in JAMA Ophthalmology. After modeling, the researchers determined that older adults with any VI had lower odds of having or knowing how to use a cellphone, computer or tablet than those without VI. Read More

Virtual Field Announces Expansion Into Canada

By Staff
Thursday, April 11, 2024 10:38 AM NEW YORK—Virtual Field, a provider of virtual visual field testing, has announced its expansion into Canada. Virtual Field enables ophthalmologists and optometrists to offer comprehensive, accurate visual field, color vision, and pupillometry exams using a comfortable, patient-friendly headset, according to the company. Virtual Field has received two Medical Device Licenses (MDL) from Health Canada for its VF3 Pro and VF3 Basic products. Both have been classified as Class 2 medical devices, signifying compliance with Canada’s rigorous health and safety standards, and affirming their efficacy. To date more than 1.5 million exams have been conducted using Virtual Field in the U.S. Read More

Review of Optometric Business: Three Winning Marketing, Operations & Leadership Improvement Ideas from Outside Optometry

By Staff
Thursday, April 11, 2024 10:26 AM I love going outside the eyecare industry to learn new stuff that, when applied to my practice, can be like an atomic bomb leading to explosive growth. Sure. Attending a practice management optometry conference with a slate of ODs is great. But you know what I like even more? Learning from restaurateurs, Silicon Valley tech geeks and the physical therapist with 500 locations about things that would never cross your mind. For instance, I learned a ton about myopia management from a CEO who spent years selling cereal before diving into childhood myopia. Here are great ideas I culled from outside of optometry that continue to help me better serve patients and enhance my practice. Read More

The National Average for Gross Revenue at ECP Locations Remained Flat for the Week of April 1–7, Jobson’s Latest Practice Performance Tracker Shows

By Staff
Wednesday, April 10, 2024 4:12 PM NEW YORK—The national average for gross revenue at ECP locations remained flat last week, April 1–7, when compared with the previous week. That places gross revenue at a level -1 index point below where it was at this point in time (Week 14) when compared with last year (2023), 3 points above the same period in 2022, 10 points above 2021, 103 points above 2020 and 16 points above 2019, according to Jobson’s most recent Practice Performance Tracker. Read More