June 7, 2023 — The Vision Council (TVC) has published the 2023 first quarter (Q1) Provider inSights, a research study regarding operations and sentiments of U.S. eyecare providers.
 
"This study demonstrates that American eyecare providers have an optimistic outlook for their businesses in 2023. However, they are experiencing acute pressures from both inflation and labor market shortages," says Alysse Henkel, TVC’s senior director of market research and analytics. “Overall, this report shows that eyecare providers remain confident in their ability to meet revenue goals, acquire and retain patients, and continue to provide quality eye care to people everywhere.”
 
The following are some key findings from the report:

• 71% of ECPs reported that patients are now more price-sensitive when choosing eyewear.
• Most ECPs said they increased prices for eyewear in response to wholesale price increases.
• More than half of practice owners did not make or do not plan to make any major investments in their businesses this year.
• Most ECPs reported that telehealth services are not a priority for their practices.

 
The 2023 Q1 Provider inSights report is available here as a complimentary download for members and for nonmembers to purchase.
 
For more information: thevisioncouncil.org.