Midwest Eye Care is a 10-MD, 7-OD practice with five full-service locations in Omaha (Nebraska) and Council Bluffs (Iowa). The practice is searching for a fellowship-trained glaucoma specialist who is also interested in establishing a strong general ophthalmology practice. The position would would be based in the Omaha metropolitan area, where Midwest Eye Care has three large MD/OD offices. Midwest Eye Care currently has one fellowship-trained glaucoma specialist, and is seeking a second to reduce office visit and surgical backlogs.
In addition to working in Midwest Eye Care's metropolitan offices, the surgeon who fills this position will also have the opportunity to travel to small communities no more than once per week to see patients who have already been identified by local optometrists as surgical candidates. These outreach clinics will supplement the robust surgery volume generated in the metropolitan clinics.
Midwest Eye Care is the largest eye care practice in Omaha and Nebraska, and our footprint reaches approximately 100 miles in all directions. It is a physician-owned private practice. Among our 10 ophthalmologists, we have a large collection of fellowship trained doctors – three in retina, two in cornea, one in glaucoma and one in neuro-ophthalmology. One fairly unique aspect of our practice is that we allow our specialists to determine their scope of practice, so nearly all of our doctors perform cataract surgery and engage in at least some degree of general ophthalmology. Our shareholders also own the surgery center where approximately 80% of all of our cases are performed.
Omaha (and its surrounding suburbs) is a great place to live. With a MSA population approaching one million people, Omaha offers many of the attractions found in major cities – but without the traffic jams and high cost of living. Omaha’s cost of living is 12% below the national average, the local unemployment rate is 40% below the national average and the average commute time is 22% below the national average.
This is a partner-track position. New doctors typically join the practice in July-September and will be considered for ownership 15-18 months later (effective January 1st). The buy-in for the clinic is calculated based on actual assets; no goodwill is added to the purchase price. The buy-in for the ASC does include a cash-flow component, but new shareholders typically recoup their buy-in amount in less than two years. Employed physicians are offered a shareholder position if they meet the following requirements: (a) achieve board certification, (b) work full-time, (c) have reached cumulative break-even, and (d) are a good fit for the practice and community.
US-based residency and fellowship program graduate
Board certified or board eligible
Additional Salary Information: Base salary plus a bonus based on excess production over a multiple of base salary. Our intent is for employed physicians to become shareholders within 18 months if they meet the following requirements: (a) achieve board certification, (b) work full-time, (c) have reached cumulative break-even, and (d) are a good fit for the practice and community. Shareholder compensation is primarily based on production, and our average shareholder compensation typically ranks above the 75th percentile of US ophthalmologists.
Internal Number: 002
About Midwest Eye Care, PC
Midwest Eye Care, PC, a 17-doctor practice based in Omaha, Nebraska and Council Bluffs, Iowa. Founded in 1951, Midwest Eye Care is the largest eye care practice in Nebraska and Western Iowa, and features 10 ophthalmologists and 7 optometrists. The practice includes fellowship-trained doctors in retina, cornea, glaucoma and neuro-ophthalmology.