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Pareto was right. Again.
Vilfredo Pareto, the charming 19th century Italian economist, noted that 20% of his bean plants generated 80% of his beans. The well-known "80-20 rule" applied ever since is being played out in the distribution of surgical cases and overall ophthalmic market share. A small percentage of high-volume surgeons and surgical institutions are harboring a slowly growing majority of patient care. This is happy news for larger institutions. Not so much for smaller players. Unless you're nearing retirement, think about how the Pareto effect may play out in your market and how you might combine forces with others.
Get more expert perspective from John Pinto live at Hawaiian Eye 2010, to be held January 17-22, 2010 at the Grand Hyatt Kauai. Learn more at OSNHawaiianEye.com.