How to Use the Myopia Management Business Analysis Calculator
This simple tool is designed to demonstrate the financial impact of integrating MYAH into your practice and projects how it can scale your myopia management services. Follow these steps to use it effectively:
- Input Your Variables:
- New Patients Per Month: Enter the number of new myopia management patients you expect to enroll each month.
- Monthly MYAH Device Payment: Input the monthly cost of purchasing the MYAH device.
- New Myopia Management Patient Fee: Enter the average fee you plan to charge for new myopia management patients.
- Established Myopia Management Patient Fee: Provide the average charge you anticipate for established myopia management patients.
- Automatically Calculate Your Annual Net Revenue:
- The calculator will estimate your annual net revenue based on these inputs. This estimate reflects the revenue generated from both new and established (existing) patients before accounting for the cost of goods, which varies depending on the myopia management interventions you choose to offer.
- The tool provides a simple and conservative estimate assuming you are starting fresh with myopia management.
- Review the Results and Adjust:
- The tool shows how integrating MYAH can impact your practice’s annual net revenue and helps you visualize the financial benefits of scaling your myopia management services. You can easily adjust the number of new patients per month and the fees you charge to see how these changes affect your annual revenue.
Note: The calculator assumes that all established patients will continue their management without dropping out. We did not include drop-off rates to keep the tool straightforward and highlight the high retention typically seen in myopia management.
