lasik volume will continue to suffer for the rest of this year

In a press release, refractive surgery firm LCA-Vision reported continuing to feel the impact of the economy on its revenues and procedure volumes.  As a result, the company will implement more cost-cutting measures.

In the first six months of this year, LCA-Vision’s procedure volumes were 45,723, compared to the 74,245 laser surgeries performed in the same period last year. This resulted in a net loss of $9.7 million in this year’s first half, versus net income of $6.3 million in the first six months of 2008.  

Stephen Straus, LCA-Vision’s chief executive officer, cited “reluctance on the part of Americans to spend on elective, self-pay surgical procedures” as a cause of the decline in procedures. Straus said he anticipates “continued volume softness” for the rest of this year.

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About Arthur De Gennaro

My friends call me Art. Welcome to my blog. In this space you’ll find information and comments on the ophthalmology world, the optical industry, the hearing industry and medical practice management. My intent is to provide information you can use to improve your business and your own performance. Please visit often and feel free to join the discussions by leaving comments.

You can learn more about me and my consulting company, Arthur De Gennaro & Associates, LLC by visiting my web site www.adegennaro.com

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August 2009

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