How to Audit Your Optical Lab Costs and Protect Your Profitability

In this episode, Chad and I build on our previous conversation about lab rebates by focusing on the next step: auditing the true cost of the optical jobs for which your practice pays the bill. We explain why comparing one discounted lens or rebate isn't enough and how analyzing the complete cost of your most frequently used lens-and-AR combinations can reveal what you're actually paying.

We also discuss how labs use loss leaders, when working with multiple labs may make financial sense, and why a buying group's preferred lab relationship doesn't automatically guarantee your practice the best pricing. We share how spreadsheets, AI tools, and insights from successful colleagues can help you compare your options, verify your current relationships, and protect your practice's profitability.

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Resources:

Learn more about Partners in Profit

Download the Practice Owner's Financial Toolkit

20/20 Money Ultimate Financial Success Masterclass

OD Mastermind Interest Form

Check out Adam's new book: How to Buy an Optometry Practice

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