EyeMed versus VSP ................................

[Chris Ryser]

EyeMed (Essilor-Luxottica owned) has 78,000 providers and

VSP offers a national network of 31,000 private practice doctors.

I had not the faintest idea that EyeMed is more than twice as 2x large in lab work providers) as VSP when I looked up the information over the weekend.

Company Overview

EyeMed Vision Care, LLC provides vision benefits programs to Fortune 500 companies, state and local municipalities, unions, and employer groups across the United States. It offers vision wellness plans to improve the vision of its members and their dependents. The company offers its programs through sales and service representatives. EyeMed Vision Care, LLC was formerly known as LensCrafters Vision Care Management Systems. The company was founded in 1988 and is based in Mason, Ohio. EyeMed Vision Care, LLC operates as a subsidiary of Luxottica Group SpA.

while VSP has the following information:

Company Overview

VSP Global

Private Company
Company Profile
Sector: Health Care
Industry: Medical Equipment & Devices
Sub-Industry: Health Care Supplies

VSP Global provides products and services to eyecare professionals, employers, and members. The Company, through affiliate companies, offers comprehensive eyecare coverage, custom interiors and merchandising systems, innovative e-commerce and practice management solutions, electronic medical records software, ophthalmic products, and technologically advanced lab services.

Eyewear

Marchon and Altaire

sources:

https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22242723

https://vspglobal.com
They claim on the website, 15K+ pairs of lenses made per day

https://www.vspone.com

[Chris Ryser]

*15K+ pairs of lenses made per day* ...........................

https://vspglobal.com

They claim on their website,

*15K+ pairs of lenses made per day*

....................that would result into a 5 day weekly production of 75,000 pairs of lenses, or 37,500 pairs of glasses. That is a huge amount of production.

[Chris Ryser]

It makes sense, that Zeiss, a year ago, has made an entrance into VSP................

..................now that Essilor-Luxottica is in charge of EyeMed, and mainly under Essilor guidance, their lens turnover will dramatically increase, if the company has been buying them from their competitors.

It makes sense, that Zeiss, a year ago, has made an entrance into VSP as a supplier of lenses, and have placed their logo on the special VSP website for exclusive discounts to members, for Zeiss lenses, at:

http://premiumoffers.zeiss.com/wp-content/uploads/2018/01/Zeiss_VSP_Consumer_Rebate_TearPad_0122-1.pdf

see on that site

TERMS AND CONDITIONS: This consumer mail-in rebate is valid only with the purchase of a pair of ZEISS Precision Pure, Plus, Superb, Individual 2, EnergizeMe SV, EnergizeMe Digital Lens, EnergizeMe Progressive, DriveSafe SV, DriveSafe Individual SV, DriveSafe Individual Progressive (“Lens”) branded ophthalmic prescription lenses from an eligible VSP Premier Program location made by a VSP member between February 15, 2018 and July 31, 2018…………………………..





any comments are welcome………………….

[King of the Lab]

Well, this is not surprising to me, Eyemed is far more used throughout the nation at retail chains. (ie:LensCrafters)

And this does explain Zeiss' recent involvement with VSP, I'm sure we shall see more alliances made throughout the industry.

[Chris Ryser]

Well, this is not surprising to me, .............................

Well, this is not surprising to me, Eyemed is far more used throughout the nation at retail chains. (ie:LensCrafters)

And this does explain Zeiss' recent involvement with VSP, I'm sure we shall see more alliances made throughout the industry.

....................The huge Zeiss Corporation and its eyeglass division seems to have had a rude wake up call that was effective.

As they were the only ones in the optical trade with a worldwide distribution net only a few years back, it looks like that they have finally woken up.

Zeiss, Revenue: Approx. EUR 5.3 billion (fiscal year ...
$ 6,011,424,300.00 United States Dollars
Industry: Optical and optoelectronic
Employees: Approx. 27,000

Essilor-Luxottica operates now the largest block of 10 online of Optical retailers, under different names.

How long will it be until Zeiss will be joining the optical online retail club ?

[Uncle Fester]

The OD's sold their souls to the devil when they embraced managed care to maintain patient base knowing the medical money was where future profits lay and did not want to loose out.

drk put it best when he posted that when many independent OD's accepted EM & VSP they didn't realize the full extant to which changing rules by managed care basically made them totally dependent on them; so OD's left the independents to deeply discount to private pay patients (at least if you play by the rules). Slowly but surely the tail wagged the dog until today, when the tail is the dog and the OD is an afterthought.

That global corporations are continuing to vertically integrate should surprise no one.

From Wiki:

https://en.wikipedia.org/wiki/Vertical_integration

[Chris Ryser]

Vertical integration .................................

That global corporations are continuing to vertically integrate should surprise no one.

From Wiki:

https://en.wikipedia.org/wiki/Vertical_integration

.....................they are already listed in Wikipedia as a part of vertical integration by Luxottica.

This brings them under general management by Essilor.

see at :

Vertical integration


From Wikipedia, the free encyclopedia


Eyewear

Luxottica owns 80% of the market share of companies that produce corrective and protective eyewear as well as owning many retailers, optical departments at Target and Sears, and key eye insurance groups, such as EyeMed.

see at:

https://en.wikipedia.org/wiki/Vertical_integration#Eyewear

as suggested by Uncle Fester