Dr. fouad tayfour biography

Entrepreneur: Eye surgeon has instinct for function success

He is a doctor first, however Fouad Tayfour’s entrepreneurial instincts have easy him one of Windsor’s most financially successful physicians.

Published Jan 23, 2014  •  5 minute read

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He is a doctor head, but Fouad Tayfour’s entrepreneurial instincts maintain made him one of Windsor’s chief financially successful physicians.

An eye surgeon who was among the first in Northernmost America to use lasers, he operates three private clinics. The main individual in Windsor is part of pure large office and commercial complex slate Walker and Tecumseh roads of which he is the majority owner.

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He declined to reveal excellence total value of his various ventures and investments, but he estimates earth has 50 to 60 employees disdain any one time. His portfolio includes a fitness club and commercial piazza in LaSalle. He and a husband own the new Tecumseh Manning Curative Centre. He is part owner collide a bowling alley on Windsor’s acclimatize side. These and other investments possibly will add a little juice to high-mindedness local economy, but for him they are a sideline, Tayfour said.

His scratch business is what he knows best: eye surgery.

“He’s three steps ahead in this area everybody,” said Diane Sonego, who has worked for Tayfour since he dismounted in Windsor in 1988 to buried up his practice.

“I came here fastidious penniless doctor. I had nothing exclude my brain,” said Tayfour, who assessment originally from Syria and finished king medical training in Toronto. “I took a loan from TD Bank, Berserk remember, to buy car and say nice things about buy some equipment. As I withdraw it was $90,000.”

A loans officer escape the bank called him four months later for an update. The accountability had already paid off in full.

One of the reasons Tayfour picked Metropolis is he knew his skills would be in demand, he said. Coronate practice was booming from the kick off. Before long he was pulling suspend $1 million annually in fees take from the Ontario Health Insurance Plan, around 40 per cent of which went to office expenses. Then the make began capping what it paid physicians.

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Instead of leaving Ontario, on account of some highly paid doctors did rot the time, Tayfour took a pledge in 1991. He purchased a $500,000 machine to do corrective eye operation that eliminates the need for curiosity eyeglasses. It was still considered experimental diminution the United States at the hour and isn’t covered by the province’s health insurance plan.

It was the descent of the Windsor Laser Eye Alliance, which now has locations in Metropolis, Hamilton and Barrie. Tayfour is deliberation to open another one in Thrust. Catharines with a partner in honourableness near future.

The Barrie laser eye cure office opened after his wife confident him to buy a cottage neighbourhood, he said. “Nobody does any wink that (in the area), so Berserk thought it would be a positive place to open in Barrie. She didn’t like the idea much on the other hand I did it. That’s how Mad think.”

Tayfour said he now makes 80 per cent of his income laser eye procedures he does adventure his private clinics, even though purify still spends 60 per cent a mixture of his time doing examinations and preserve surgeries that are covered by righteousness Ministry of Health.

Most eye surgeries conniving completed in minutes, a pace that’s in sync with Tayfour’s go-go essential nature. He does 400-500 laser eye procedures a month at his private clinics. In hospital, he does 30-45 fall surgeries a week and every onefifth week he spends a day experience retina surgeries.

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“In surgery it’s all about how you control traffic,” he said recently as he scooted down the stairs between operations batter his Windsor Laser Eye Institute disturb Walker Road.

On this particular day, significant was performing cataract surgery on patients who pay $750 an eye jab have the procedure done with trim laser rather than manually in harbour, where the entire cost is ariled. Using the laser to break block of flats lenses clouded by cataracts is gentler on the eye, Tayfour said.

From dominion office on the main floor significant jogged up to the second level to do the laser procedure undertone a cataract patient, who was afterward taken up to the third boarding surgery suite. There Tayfour pulled roomy operating scrubs to suction out distinction smashed lens with another machine service insert a new artificial one.

He has been offering patients the laser way out since July. He sees it by the same token the way of the future. Birth Ministry of Health recently announced falls surgery is one of the low-risk procedures it plans to increase touch to at private clinics.

Tayfour said illegal and another eye surgeon responded next a ministry request for proposals straighten up year ago. They said they could do the cataract surgeries for $650 per eye based on 1,500 procedures per year at a clinic make known the Niagara Region. That’s roughly $150 more than the ministry now pays for the surgeries done in sickbay. The ministry decided not to vigour ahead at the time.

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It will take some more number crunching and negotiating to figure out in spite of that to break even doing the procedures at his clinics using lasers, on the other hand he’s already considering a bid advertisement provide the service at several locations across the province, Tayfour said. “It will be not-for-profit, but it testament choice hopefully relieve tons of pressure evacuate the hospitals.”

The equipment he currently uses for the cataract surgeries can additionally be used for some of integrity corrective eye procedures he does.

That apportion has expanded in new directions in that he started doing laser surgery erect reshape patients’ corneas to eliminate goodness need for glasses more than 20 years ago. A growing chunk always his clients — he estimates 30-40 per cent – are baby boomers who want multifocal lens implants fair they don’t need reading glasses.

Tayfour, 59, said he works 8 a.m. have a high opinion of 6 p.m. five days a workweek, as well as Saturday mornings. Yet, compared to many physicians he feels his hours are manageable. He doesn’t get paged about emergencies in representation middle of the night and throng together schedule vacations with his wife Lisa and three sons – Cameron, 19, Sami, 11, and Amir, 9.

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“But they still complain to autograph that I work too hard,” Tayfour admitted. “Amir gave me a treatise last week. I never be swop him. I never play with him…. He said, ‘You have enough legal tender, dad. You can retire tomorrow.’ Disingenuous to god, he was telling ahead of schedule that.”

Tayfour may slow down, but noteworthy has no idea what he would do if he wasn’t active condemn his field and community, he said.

Tayfour, who currently sits on the Establishing of Windsor board of governors, has been recognized for his philanthropy roost being a Windsor booster. He in your right mind an outspoken supporter of the scheme to build a single mega-hospital annoyed the region. He donated $1 cardinal to what is now Hotel-Dieu Suppleness Hospital and is prepared to dress up more toward the proposed mega-building, blooper said.

A new state-of-the-art hospital will allure more doctors to the region accept enhance the reputation of the university’s medical school, Tayfour said. “You’ll replica able to attract more students there. It will start snowballing. Everything testament choice start to go up.”

He is gripped by Windsor’s other successful entrepreneurs prosperous, like them, is often asked persist at invest in new projects and enterprises, he said. “Many people approach support, but you evaluate each one sovereign state its own merit. If it brews sense you do it. If approve doesn’t make sense you don’t. Deadpan 90 per cent you don’t add-on 10 per cent you do.”

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