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April 7th

  • Private Practice Optometry - Best Practices of Financial Management

  • featuring Bob Schultz, 2018-2019 Benedict Professor in Practice Management & Administration
Credit Hours: 9 Hours Accreditation Pending




Private Practice Optometry - Best Practices of Financial Management

To continually provide superior eye care, your practice must be financially sound. Bob Schultz, 2018-2019 Benedict Professor in Practice Management & Administration, covered how practice investment, owner compensation, value creation, and wealth building are connected and funded by practice cash flow.


This program offered 9 continuing education hours, including the one hour Professional Responsibility Course for Texas Optometrists. Select the Agenda tab for complete program details.




About The Benedict Professorship

The Benedict Professorship in Practice Management and Administration was established in 1982 by a generous endowment provided by Mr. Bill Benedict and Family. The purpose of the professorship is to provide education and consultation for optometrists, professional students, residents, faculty and staff in the areas of practice management and administration. The professorship is expressly intended to focus on the independent practice of optometry. 


Bob Schultz

As the President and CEO of Vision One Credit Union and Board Member of The Practice Management Center, Bob Schultz has been selected as the University of Houston College of Optometry’s 2018-2019 Benedict Professor in Practice Management and Administration. Through his role at Vision One Credit Union, Mr. Schultz has been personally involved with more than 400 private optometric practice ownership transitions valued over $300 million. He led the development of loan and deposit programs designed specifically to help ODs enter practice ownership, increase practice value, and execute exit strategies. Vision One Credit Union was founded in 1951 as a non-profit, member only financial institution owned by independent optometry. Their services and unique expertise with optometric practices have helped thousands of practices build value and wealth for OD owners. The Practice Management Center was founded to simplify the practice transition process for buyers and sellers. The PMC pioneered the “SMART MATCH” process. Guiding principles include transparency, fairness, reduced costs, and successful practice transitions. The PMC is owned and operated by the Association of Practice Management Educators (APME), a non-profit organization whose members are from the optometric colleges.

Will be held in the

Health District: Health 1 Building, in the Molly and Doug Barnes Vision Institute


University of Houston College of Optometry

4901 Calhoun Road
Houston,TX 77204

Get Driving Directions

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Course Notes Download Document
Professional Responsibility Course Notes Download Document

Quizzes are currently unavailable at this time.

Sunday, April 07, 2019

7:00 AM - 8:00 AM Registration & Continental Breakfast
8:00 AM - 9:50 AM Understanding Your Practice Financial Statements
Accounting principles relevant to private optometric practices, Converting Practice Financial Statements to Cash Flow, Industry Average Metrics – Private Optometric Practices, How to assess your practice
by Bob Schultz
Credit Hours: 2.0 / General
Cope ID: N/A
9:50 AM - 10:10 AM Break
10:10 AM - 12:00 PM Practice Value
Practice valuation methodology, Debt management, OD to OD sale v. Private Equity, How a knowledgeable Banker can protect & grow your investment
by Bob Schultz
Credit Hours: 2.0 / General
Cope ID: N/A
12:00 PM - 1:00 PM Lunch
12:00 PM - 1:00 PM 2019 Professional Responsibility Course for Texas Optometrists
NOTE: This course will include a screening of a previously recorded session. Participants will receive CE credit for viewing the course – No exam required.
Credit Hours: 1.0 / General/Professional Responsibility
Cope ID: N/A
1:00 PM - 2:50 PM Practice Investment
Achieving retirement wealth targets through the practice, Practice Investment to Build Value, Practice Investments – Economic impact and expectations
by Bob Schultz
Credit Hours: 4.0 / General
Cope ID: N/A
2:50 PM - 3:10 PM Break
3:10 PM - 5:00 PM Practice Investment (Continued)
by Bob Schultz
Cope ID: