1-Day Acuvue is a more convenient and comfortable contact which leads to far better compliance compared to other lenses (Exhibit 22), reduction in ocular complications which can range from corneal abrasions to infections, fewer unscheduled visit to ECPs and higher patient satisfaction (p10). Cost and ECP recommendation would likely be the major factors a patient would consider when choosing type of disposable lens. This was evidenced by the differences in adoption between the two trials (p13). Other considerations would likely include travel frequency, activity level and ocular symptoms (p10, 13 & 22).
2. In determining 1-year value of disposable contact lens users to Vistakon, revenue from sales to ECPs, costs in manufacturing lenses and
…show more content…
additional costs such as advertising were considered. A few assumptions to note: manufacturing costs decreased by 50% to $0.25/lens for Acuvue and Surevue (p9), manufacturing cost further decreased to $0.125/lens for 1-Day given improved technology, and that the potential number of 1-Day Acuvue was calculated using the 18.9% market share of new soft fit lenses. The value per customer is $180.68 for 1-Day Acuvue, $220.97 for 7-Day Acuvue and $117 for Surevue. With a cannibalization rate of 29.4% (70% of 1-Day patients used contact lenses previously x 42% switched to 1-Day from another Vistakon), value of 7-Day Acuvue and Surevue consumers would be $152.80 and $82.60 respectively (App. 2 and 3). 3. The main limitation for patients is the increased cost per year to use 1-Day Acuvue. Per Table B, 1-Day Acuvue costs $690.50 per year as opposed to almost half that for Surevue or conventional contacts (p12). Patients might be less cost-sensitive if they use contact lenses less frequently or if they are willing and/or able to pay for higher quality. Yet for most patients, cost is still the leading consideration. Providers would be concerned about being able to stock enough inventory, in addition to losing patients if Vistakon starts directly selling to the consumer. Furthermore, the provider needs to buy in to the idea that there is added value for patient and provider in using the 1-Day Acuvue; if the provider believes this, then he or she will be more likely to recommend the product and as a result patients would be more likely to adopt it. 4. 1-Day Acuvue use is evenly distributed across the entire range of lens use frequency per week as opposed to other types of lenses, which are heavily skewed towards longer, full-time usage. 5.
Vistakon should target 1-Day Acuvue to the part-time user segment (use lenses <5 days per week); these customers do not use contacts daily so would be less cost-sensitive. Furthermore, these individuals may not wear contacts daily due to discomfort or other ocular symptoms so may be willing to pay more for a high-quality lens. Also, these consumers are not specifically catered to at this time so Vistakon could gain new consumers in addition to minimizing cannibalization from other Vistakon products. 1-Day Acuvue may also appeal to contact lens dropouts (18% of eyeglass wearers), as it provides a more comfortable option that is low commitment.
6. Vistakon should position 1-Day Acuvue as a high quality and convenient contact lens that is more comfortable, easier to use, and results in improved outcomes.
7. Vistakon should keep the price of 1-Day Acuvue the same as it is now. They already have an 81% gross profit margin based on a $0.65/lens price and $0.0125/lens cost. We do not have further information to determine the added value 1-Day Acuvue might provide to consumers based on decreased complication rates and improved compliance (if we had this, could potentially use this to determine if an increase in price would be
tolerated). 8. Vistakon should focus on marketing and selling to the ECPs as they hold the key to converting part-time and non-contact lens users to 1-Day Acuvue consumers. The sales team should pitch 1-Day lenses using the key points that patients would benefit in terms of compliance, comfort and overall eye health while ECPs would be able to bring in patients more often for checks and to reorder lenses so ECPs could benefit in this way as well.
Cynthia Adae was taken to Clinton Memorial Hospital on June 28, 2006. She was taken to the hospital with back and chest pain. A doctor concluded that she was at high risk for acute coronary syndrome. She was transferred to the Clinton Memorial hospital emergency room. She reported to have pain for two or three weeks and that the pain started in her back or her chest. The pain sometimes increased with heavy breathing and sometimes radiated down her left arm. Cynthia said she had a high fever of 103 to 104 degrees. When she was in the emergency room her temperature was 99.3, she had a heart rate of 140, but her blood
The TearLAb device allows the practitioner to monitor and supervise the tear film’s osmolarity, which is an important factor correlated with dry eye. In normal patients tear osmolarity is low and very similar to blood osmolarity (290 milliosmoles per litter). This indicates that tears are in proper homeostasis. On the other hand, dry eye patients have elevated (> 316 mOsm/L) and unstable tear osmolarity which can vary both over time and between eyes.[4]. This test is simple and quick to perform which can be easily delegated to a consultant or a technician
Miguel, Maria Fernanda, ProfessorH. Kent Bowen. Ophthalmic Consultants of Boston and Dr. Bradford J. Shingleton. Harvard Business School. Rev. May 20, 1997.
Optometrists have accepted vision therapy, which is a medical treatment for optical muscle disabilities, as a feasible treatment used for eye related problems; claiming the treatment can strengthen vision and give the patient the opportunity to understand visuals quicker and clearer (Press). Vision therapy originated in the 1950s and over the past 25 years, has gained popularity, mainly because of new technological innovations in the field of treatment. Generally, vision therapy is prescribed as a measure mainly for people between the ages of 3 and 18. With the results from a comprehensive series of eye tests, the optometrist can work with the patient using special instruments—prisms, filters, occluders, and eye lenses—and strengthen the eye muscles, thus improving sight. According to optometrists in favor of vision therapy, these methods of treatment using these instruments function as safer routes to repair eye disabilities. Although vision therapy can yield favorable results, the practice as a treatment for innate eye disabilities has been in hot debate lately; as it can exceed $8000 and insurance companies do not cover the treatment. For decades, insurance companies have refused to accept vision therapy as a legitimate method for repairing eyesight (Boink). Concomitant with lack of insurance, the cost for a full treatment can exceed $8000, and doctors cannot guarantee a successful outcome. Recently, parents of children with eye related disabilities, such as amblyopia (lazy eye) and strabismus (cross-eye), and doctors have attempted to cooperate with public schools to allow families access to school-funded doctors to practice vision therapy. With a tight budget, most schools cannot afford to supply vision therapy, and a...
Here we have Dr. Todd performing a phacoemulsification, or in simpler terms, small cut cataract surgery. When a cataract is developed, the eye’s natural lens is cloudy and is usually a result of an injury, disease, or aging. During cataract surgery, the cloudy lens is removed or cleaned out and replaced by
Myopia is defined as nearsightedness, which exists when the refractive elements of the eye (cornea and lens) place the image in front of the retina. The myopic condition is common in infants but generally levels off to normal vision as the infant ages (Vander & Gault, 1998). Myopia occurs in about 25% of the adult U.S. population. Many adults use corrective lenses or contacts to correct their myopic vision to 20/20 vision (Drexler et al., 1998). Many people find contacts or glasses hindering in their personal and/or professional lifestyle. For example, military pilots cannot wear glasses while flying and some firemen may find glasses too dangerous to wear during a rescue attempt. There is refractive surgery available to correct myopic eyes, like Photorefractive Keratectomy (PRK). Why do people have myopia, what can be done to correct myopia, and what are the results of corrective surgical procedures? These are a few questions that will be addressed and analyzed.
"Trifocal Glasses Lenses,."Trifocal Lenses,. Eyeglass Lens Direct, 1 Jan. 2014. Web. 23 May 2014. .
No, not "Why am I going to class so early?" but "Why do I need these contacts?" With this project I will attempt to explain the basics of vision and corrective lenses, as I, myself, finally learn the reason for sticking my finger in my eye every morning.
[5] Colin Drury, Management and Costing Accounting, (7th edition), Chapter 17, Standard costing and variance analysis, p. 425-436
When the contact lens was invented, the world of vision correction was altered forever. No longer were those people lacking perfect 20/20 vision forced to look any different than everyone else. Both discrete and revolutionary, the contact lens provided a brand new, viable, alternate solution to an age-old problem. After centuries of engineering and discovery the contact lens has evolved greatly. Presently contact lenses are made hard or soft, for daily or continuous wear, gas permeable, and even providing ultraviolet protection. A properly fitted pair of today’s discrete, convenient, versatile, and inexpensive contact lenses provide the best form of vision correction available in today’s market.
Introduction Established in 1976 with the mission to eliminate needless blindness, Aravind is the largest and most productive eye care facility in the world. The brainchild of Dr. Venkataswamy, Aravind Eye Hospital provides free eye care and surgery to millions of needy patients apart from regular patients. Currently, there are 3 Aravind Eye Care hospitals across the state of Tamil Nadu – at Madurai, Tirunelveli and Theni. A new facility in Coimbatore is also under consideration. Since its inception, the Aravind group of hospitals had screened 3.65 million patients and performed some 335,000 cataract operations, nearly 70% of which were done free of charge.
Cataracts is described as a clouding of the lens and is the main cause of blindness around the world (estimated 17 million people). It is estimated that with a ten percent dr...
Prescription eyeglasses practically always cost much more than reading glasses, thanks to the detailed manufacturing process that creates them for the individual’s specific needs and makes them durable enough for daily use.
This simple, none invasive procedure is able to provide individuals with a cheaper opportunity than surgery or for those who do not wish to have surgery (Barrett, 2009). The more vision therapy is used, the more well-known this therapy will become and perhaps one day children and adults alike may not be misdiagnosed with a disease they do not possess (Boden and Brodeur, 1999). Although there are two major types of vision therapy, each session will differ between optometrists and ophthalmologists, but nevertheless the benefits will remain the same. These lasting benefits will have a tremendous impact in the daily lives of anyone who completes the therapy (Vision Therapy FAQ). Finally, if it was not for vision therapy’s use of physical as well as mental exercises, human’s poor vision would interfere with daily tasks and society could not function as efficiently as it does now (Krebs, W. and Krebs, P.,
Ophthalmic products are intended for application to the conjunctiva, the conjunctival sac, or the eyelids .Similar to suspensions, ointments can be more difficult to formulate in sterile form. They can be terminally sterilized, or, otherwise, they must be manufactured from sterile ingredients in an aseptic atmosphere. Filtration through a suitable membrane or dry heat sterilization is often used. The ointment base chosen for an ophthalmic ointment must be nonirritating to the eye and must permit the diffusion of the active ingredient throughout the secretions washing the eye. Ointment bases which used for ophthalmics have a melting or softening point close to body temperature. Ophthalmic ointments have a longer visual contact time when compared to many ophthalmic solutions. Researches published that the visual contact time is two to four times bigger when ointments are used than when a saline solution is used. Ophthalmic ointments are preferred for nighttime applications as they spread over the entire corneal and conjunctival surface and cause unclear vision that occurs as the ointment base melts and is spread across the