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Improving your practice by tracking the right KPIs (and ignoring the wrong ones) with Nathan Hayes

20/20 MONEY: The Business of Optometry

Release Date: 01/19/2026

Using EOS to Create Clarity and Traction in Your Practice with Tom Restivo show art Using EOS to Create Clarity and Traction in Your Practice with Tom Restivo

20/20 MONEY: The Business of Optometry

Ever wonder if, when, or how to build stronger operations within your practice? In this episode, I sit down with Tom Restivo to unpack EOS and what it looks like to build a stronger operational foundation inside an optometric practice. Tom shares his experience leading a rapidly growing eye care organization through expansion, complexity, and the pressures that eventually exposed where systems were missing. We talk about why growth without structure creates avoidable friction, how core values shape hiring and leadership decisions, and why vision has to be more than a vague idea if you want...

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How a Limiting Mindset Can Cost Practice Owners More Than They Realize with Dr. Steve Vargo show art How a Limiting Mindset Can Cost Practice Owners More Than They Realize with Dr. Steve Vargo

20/20 MONEY: The Business of Optometry

In this episode I sit down with Dr. Steve Vargo to unpack a mindset that many practice owners quietly wrestle with: the belief that there is no longer money to be made in the basics of optometry. We start with a real question from a practice owner who feels discouraged by stagnant reimbursements and declining capture rates, and use it as a springboard to discuss the deeper issue underneath it all: communication.   Steve explains why successful practices are not necessarily dependent on adding new cash pay services, but instead on improving how doctors listen, communicate, and guide...

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Independence vs Isolation in Private Practice with John Marvin show art Independence vs Isolation in Private Practice with John Marvin

20/20 MONEY: The Business of Optometry

In this episode I sit down with John Marvin to explore a challenging but important idea for private practice owners: the difference between independence and isolation. We unpack John’s perspective on why fierce independence can sometimes limit growth when it prevents doctors from learning from others or leveraging the resources already available to them.   Our conversation touches on mindset, the importance of personal growth as a business owner, and why building something bigger than yourself often requires becoming comfortable with discomfort. If you are thinking about the long term...

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The Blueprint for Growing a Multi-Million-Dollar Optometry Practice with Dr. Kurt Steele show art The Blueprint for Growing a Multi-Million-Dollar Optometry Practice with Dr. Kurt Steele

20/20 MONEY: The Business of Optometry

Most optometrists think growth comes from better marketing or more patients—but the real advantage often starts somewhere much less obvious: your team and your culture.   In this episode of 20/20 Money, Dr. Kurt Steele joins me back on the show to discuss the leadership philosophy and operational frameworks that helped him build a thriving multi-million-dollar optometry practice while developing future leaders inside the organization.   The conversation explores why the strongest practices aren’t simply focused on production or patient volume, but instead invest heavily in...

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Sponsoring a health insurance plan in your practice may not be as expensive as you think show art Sponsoring a health insurance plan in your practice may not be as expensive as you think

20/20 MONEY: The Business of Optometry

Health insurance is one of the most confusing and frustrating decisions practice owners face. In this episode I sit down with Matt Allen, founder of Iconic Insurance, to break down the real options available to optometric practice owners and their teams. We walk through the three primary approaches to offering coverage including fully funded plans, self funded plans, and reimbursement strategies. Matt explains how each structure works, when they make sense, and why understanding the risk profile of your team can dramatically impact cost and plan design.   We also spend time discussing a...

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Tax Strategies to Embrace and Avoid & A Case Study on Where to Look for Errors on Your Tax Return: My Guest Appearance on Eye Own A Business Podcast show art Tax Strategies to Embrace and Avoid & A Case Study on Where to Look for Errors on Your Tax Return: My Guest Appearance on Eye Own A Business Podcast

20/20 MONEY: The Business of Optometry

Many optometrists are either leaving money on the table with their tax strategy—or unknowingly pushing the boundaries of tax law.   Today’s episode is my guest appearance on Dr. Steve Vargo’s Eye Own a Business Podcast. Steve invited me onto his show to talk about tax planning for optometrists—specifically the strategies practice owners should be embracing right now, the ones they should avoid, and where costly mistakes often show up on tax returns.   In our conversation, we walk through several examples of where optometric practice owners tend to be either too conservative...

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How VOSH International is changing global eye care—and how you can be part of it w/ Dr. Vicki Weiss, President of VOSH International show art How VOSH International is changing global eye care—and how you can be part of it w/ Dr. Vicki Weiss, President of VOSH International

20/20 MONEY: The Business of Optometry

In this episode I sit down with Dr. Vicki Weiss, president of VOSH International, to talk about how optometrists can use their clinical skills to create impact far beyond their own practices. We discuss how VOSH has evolved from the traditional short term clinic model into a global organization focused on education, partnership, and strengthening optometric care in low and middle income countries. Dr. Weiss shares how she became involved, what the organization looks like today, and the many ways ODs can contribute through time, talent, and treasure. If you have ever wondered how your work as...

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Chemistry in the practice: why alignment beats authority with Dr. Todd Cohan, Polly Stearns, & Sadie Blair show art Chemistry in the practice: why alignment beats authority with Dr. Todd Cohan, Polly Stearns, & Sadie Blair

20/20 MONEY: The Business of Optometry

Recording live from IDOC Connection in Orlando, I sit down with Dr. Todd Cohan, Sadie Blair, and Polly Stearns from Forsight Vision and Midwest Dry Eye Center to talk about the relationship between vision and execution inside a growing private practice. We go into the dynamic between the owner (visionary) and the operations lead (integrator), and why that chemistry matters more than most doctors realize.   We discuss leadership cadence, how they structure weekly meetings, how goals are set and tracked, and what it looks like to invest in developing internal talent. We also unpack the real...

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SNEAK PEEK: How to give patients choices when in the exam lane -  The Optometry Success Podcast show art SNEAK PEEK: How to give patients choices when in the exam lane - The Optometry Success Podcast

20/20 MONEY: The Business of Optometry

In this episode, we share how to confidently give patients clear choices in the exam lane without creating confusion or pushback around vision and medical care. We explain how setting expectations early and taking ownership of clear communication builds trust and increases acceptance of follow up visits. We also touch on how to structure your schedule to support shorter, more frequent visits and why giving patients ownership of their decisions improves both the patient experience and practice profitability.   Hosted By Adam Cmejla, CFP and Chad Fleming, OD, FAAO Have a question? Submit...

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Why you can't ignore AI as a practice owner (and a beginner's path to using it) with Eugene Shatsman show art Why you can't ignore AI as a practice owner (and a beginner's path to using it) with Eugene Shatsman

20/20 MONEY: The Business of Optometry

Eugene joins me to talk about how artificial intelligence is showing up in optometry and why there’s a growing gap between how patients use AI in their daily lives and how most practices are adopting it.   We discuss how this shift is changing patient expectations, what it means for the patient journey, and where practices can use AI to improve engagement, communication, and efficiency—without losing the human element of care. We wrap up with a look at where AI in healthcare is headed and how practice owners can use it intentionally to enhance both patient experience and practice...

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More Episodes

Most practice owners know they should be tracking specific measurables in their practice that will help them understand their paths to profitability. But which metrics should you track, and which ones are more vanity metrics than they are useful and beneficial towards running a profitable and growing practice? In this conversation, Nathan Hayes and I explore the many different KPIs that we have heard practice owners track over the years and the ones we believe all practice owners should be tracking.

 

 

Resources:

Books & Benchmarks

Profit Works: Unravel the Complexity of Incentive Plans to Increase Employee Productivity, Cultivate an Engaged Workforce, and Maximize Your Company's Potential

Book a Triage call with Adam

Download the Practice Owner's Financial Toolkit

20/20 Money Ultimate Financial Success Masterclass

OD Mastermind Interest Form

 

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