Provider inSights Q3 and Q4 2024 Report Summary

This summary is a condensed version of the full Provider inSights report, published by The Vision Council. It is designed to provide a quick, accessible snapshot of key findings, ideal for sharing with eyecare providers and industry stakeholders who need a high-level overview without the full detail. 

About the Summary 

This one-page summary report includes essential highlights from the comprehensive Q3 & Q4 2024 Provider inSights Report. The data selected for the summary identifies trends shaping the eyecare landscape and is intended as a quick reference for conversations, meetings, or outreach to practitioners.

Key Takeaways 

• Economic Outlook 
  54% of providers expect the U.S. economy to remain stable or improve in 2025. Revenue goal performance from the second half of 2024 is also included.
• Inflation & Tariffs 
  70% of providers felt the impact of inflation, particularly via increased patient price sensitivity. Many foresee continued cost pressures in 2025, including from anticipated tariffs on supplies and equipment.
• Staffing & Workforce 
  Trends Hiring remains the top operational challenge. Despite a 7% uptick in retention, staffing shortages, especially among opticians, persist. The report also identifies how many practices are currently well-staffed.
• Technology & AI 
  28% of providers report using AI in their practices, with another 33% planning adoption in the near future.
• Practice Investment 
  The report outlines late 2024 investment activity and projected spending plans for 2025 across practices of all types. 

Why This Summary Matters 

This abbreviated version offers a quick-glance understanding of the broader report, perfect for use in newsletters, internal updates, or as a tool to keep providers informed without requiring a deep dive. To explore the full findings and detailed data, the complete report is available as a downloadable PDF.