diff --git a/homeassistant/components/switchbot/__init__.py b/homeassistant/components/switchbot/__init__.py
index 2dbc66a864d..46d6755553a 100644
--- a/homeassistant/components/switchbot/__init__.py
+++ b/homeassistant/components/switchbot/__init__.py
@@ -1,9 +1,6 @@
 """Support for Switchbot devices."""
 
-from collections.abc import Mapping
 import logging
-from types import MappingProxyType
-from typing import Any
 
 import switchbot
 
@@ -24,11 +21,8 @@ from .const import (
     ATTR_BOT,
     ATTR_CURTAIN,
     ATTR_HYGROMETER,
-    COMMON_OPTIONS,
     CONF_RETRY_COUNT,
-    CONF_RETRY_TIMEOUT,
     DEFAULT_RETRY_COUNT,
-    DEFAULT_RETRY_TIMEOUT,
     DOMAIN,
 )
 from .coordinator import SwitchbotDataUpdateCoordinator
@@ -49,8 +43,6 @@ _LOGGER = logging.getLogger(__name__)
 async def async_setup_entry(hass: HomeAssistant, entry: ConfigEntry) -> bool:
     """Set up Switchbot from a config entry."""
     hass.data.setdefault(DOMAIN, {})
-    domain_data = hass.data[DOMAIN]
-
     if CONF_ADDRESS not in entry.data and CONF_MAC in entry.data:
         # Bleak uses addresses not mac addresses which are are actually
         # UUIDs on some platforms (MacOS).
@@ -65,10 +57,7 @@ async def async_setup_entry(hass: HomeAssistant, entry: ConfigEntry) -> bool:
     if not entry.options:
         hass.config_entries.async_update_entry(
             entry,
-            options={
-                CONF_RETRY_COUNT: DEFAULT_RETRY_COUNT,
-                CONF_RETRY_TIMEOUT: DEFAULT_RETRY_TIMEOUT,
-            },
+            options={CONF_RETRY_COUNT: DEFAULT_RETRY_COUNT},
         )
 
     sensor_type: str = entry.data[CONF_SENSOR_TYPE]
@@ -78,13 +67,6 @@ async def async_setup_entry(hass: HomeAssistant, entry: ConfigEntry) -> bool:
         raise ConfigEntryNotReady(
             f"Could not find Switchbot {sensor_type} with address {address}"
         )
-
-    if COMMON_OPTIONS not in domain_data:
-        domain_data[COMMON_OPTIONS] = entry.options
-
-    common_options: Mapping[str, int] = domain_data[COMMON_OPTIONS]
-    switchbot.DEFAULT_RETRY_TIMEOUT = common_options[CONF_RETRY_TIMEOUT]
-
     cls = CLASS_BY_DEVICE.get(sensor_type, switchbot.SwitchbotDevice)
     device = cls(
         device=ble_device,
@@ -92,7 +74,7 @@ async def async_setup_entry(hass: HomeAssistant, entry: ConfigEntry) -> bool:
         retry_count=entry.options[CONF_RETRY_COUNT],
     )
     coordinator = hass.data[DOMAIN][entry.entry_id] = SwitchbotDataUpdateCoordinator(
-        hass, _LOGGER, ble_device, device, common_options
+        hass, _LOGGER, ble_device, device
     )
     entry.async_on_unload(coordinator.async_start())
     if not await coordinator.async_wait_ready():
@@ -106,6 +88,11 @@ async def async_setup_entry(hass: HomeAssistant, entry: ConfigEntry) -> bool:
     return True
 
 
+async def _async_update_listener(hass: HomeAssistant, entry: ConfigEntry) -> None:
+    """Handle options update."""
+    await hass.config_entries.async_reload(entry.entry_id)
+
+
 async def async_unload_entry(hass: HomeAssistant, entry: ConfigEntry) -> bool:
     """Unload a config entry."""
     sensor_type = entry.data[CONF_SENSOR_TYPE]
@@ -119,11 +106,3 @@ async def async_unload_entry(hass: HomeAssistant, entry: ConfigEntry) -> bool:
             hass.data.pop(DOMAIN)
 
     return unload_ok
-
-
-async def _async_update_listener(hass: HomeAssistant, entry: ConfigEntry) -> None:
-    """Handle options update."""
-    # Update entity options stored in hass.
-    common_options: MappingProxyType[str, Any] = hass.data[DOMAIN][COMMON_OPTIONS]
-    if entry.options != common_options:
-        await hass.config_entries.async_reload(entry.entry_id)
diff --git a/homeassistant/components/switchbot/config_flow.py b/homeassistant/components/switchbot/config_flow.py
index f6f175819b6..3a34a89d9fd 100644
--- a/homeassistant/components/switchbot/config_flow.py
+++ b/homeassistant/components/switchbot/config_flow.py
@@ -17,14 +17,7 @@ from homeassistant.core import callback
 from homeassistant.data_entry_flow import FlowResult
 from homeassistant.helpers.service_info.bluetooth import BluetoothServiceInfo
 
-from .const import (
-    CONF_RETRY_COUNT,
-    CONF_RETRY_TIMEOUT,
-    DEFAULT_RETRY_COUNT,
-    DEFAULT_RETRY_TIMEOUT,
-    DOMAIN,
-    SUPPORTED_MODEL_TYPES,
-)
+from .const import CONF_RETRY_COUNT, DEFAULT_RETRY_COUNT, DOMAIN, SUPPORTED_MODEL_TYPES
 
 _LOGGER = logging.getLogger(__name__)
 
@@ -140,11 +133,6 @@ class SwitchbotOptionsFlowHandler(OptionsFlow):
         """Manage Switchbot options."""
         if user_input is not None:
             # Update common entity options for all other entities.
-            for entry in self.hass.config_entries.async_entries(DOMAIN):
-                if entry.unique_id != self.config_entry.unique_id:
-                    self.hass.config_entries.async_update_entry(
-                        entry, options=user_input
-                    )
             return self.async_create_entry(title="", data=user_input)
 
         options = {
@@ -153,13 +141,7 @@ class SwitchbotOptionsFlowHandler(OptionsFlow):
                 default=self.config_entry.options.get(
                     CONF_RETRY_COUNT, DEFAULT_RETRY_COUNT
                 ),
-            ): int,
-            vol.Optional(
-                CONF_RETRY_TIMEOUT,
-                default=self.config_entry.options.get(
-                    CONF_RETRY_TIMEOUT, DEFAULT_RETRY_TIMEOUT
-                ),
-            ): int,
+            ): int
         }
 
         return self.async_show_form(step_id="init", data_schema=vol.Schema(options))
diff --git a/homeassistant/components/switchbot/const.py b/homeassistant/components/switchbot/const.py
index a841b8388dd..e9602a19048 100644
--- a/homeassistant/components/switchbot/const.py
+++ b/homeassistant/components/switchbot/const.py
@@ -15,15 +15,11 @@ SUPPORTED_MODEL_TYPES = {
 
 # Config Defaults
 DEFAULT_RETRY_COUNT = 3
-DEFAULT_RETRY_TIMEOUT = 5
 
 # Config Options
 CONF_RETRY_COUNT = "retry_count"
-CONF_SCAN_TIMEOUT = "scan_timeout"
 
 # Deprecated config Entry Options to be removed in 2023.4
 CONF_TIME_BETWEEN_UPDATE_COMMAND = "update_time"
 CONF_RETRY_TIMEOUT = "retry_timeout"
-
-# Data
-COMMON_OPTIONS = "common_options"
+CONF_SCAN_TIMEOUT = "scan_timeout"
diff --git a/homeassistant/components/switchbot/coordinator.py b/homeassistant/components/switchbot/coordinator.py
index 74cc54402d1..31f7f2d3992 100644
--- a/homeassistant/components/switchbot/coordinator.py
+++ b/homeassistant/components/switchbot/coordinator.py
@@ -2,7 +2,6 @@
 from __future__ import annotations
 
 import asyncio
-from collections.abc import Mapping
 import logging
 from typing import Any, cast
 
@@ -16,8 +15,6 @@ from homeassistant.components.bluetooth.passive_update_coordinator import (
 )
 from homeassistant.core import HomeAssistant, callback
 
-from .const import CONF_RETRY_COUNT
-
 _LOGGER = logging.getLogger(__name__)
 
 
@@ -38,21 +35,14 @@ class SwitchbotDataUpdateCoordinator(PassiveBluetoothDataUpdateCoordinator):
         logger: logging.Logger,
         ble_device: BLEDevice,
         device: switchbot.SwitchbotDevice,
-        common_options: Mapping[str, int],
     ) -> None:
         """Initialize global switchbot data updater."""
         super().__init__(hass, logger, ble_device.address)
         self.ble_device = ble_device
         self.device = device
-        self.common_options = common_options
         self.data: dict[str, Any] = {}
         self._ready_event = asyncio.Event()
 
-    @property
-    def retry_count(self) -> int:
-        """Return retry count."""
-        return self.common_options[CONF_RETRY_COUNT]
-
     @callback
     def _async_handle_bluetooth_event(
         self,
diff --git a/homeassistant/components/switchbot/manifest.json b/homeassistant/components/switchbot/manifest.json
index c23891083a4..a82ef264698 100644
--- a/homeassistant/components/switchbot/manifest.json
+++ b/homeassistant/components/switchbot/manifest.json
@@ -2,7 +2,7 @@
   "domain": "switchbot",
   "name": "SwitchBot",
   "documentation": "https://www.home-assistant.io/integrations/switchbot",
-  "requirements": ["PySwitchbot==0.15.0"],
+  "requirements": ["PySwitchbot==0.15.1"],
   "config_flow": true,
   "dependencies": ["bluetooth"],
   "codeowners": ["@danielhiversen", "@RenierM26", "@murtas"],
diff --git a/homeassistant/components/switchbot/strings.json b/homeassistant/components/switchbot/strings.json
index f0758d767aa..797d1d7613c 100644
--- a/homeassistant/components/switchbot/strings.json
+++ b/homeassistant/components/switchbot/strings.json
@@ -24,8 +24,7 @@
     "step": {
       "init": {
         "data": {
-          "retry_count": "Retry count",
-          "retry_timeout": "Timeout between retries"
+          "retry_count": "Retry count"
         }
       }
     }
diff --git a/homeassistant/components/switchbot/translations/en.json b/homeassistant/components/switchbot/translations/en.json
index 15127b82101..0407f71ece3 100644
--- a/homeassistant/components/switchbot/translations/en.json
+++ b/homeassistant/components/switchbot/translations/en.json
@@ -24,8 +24,7 @@
         "step": {
             "init": {
                 "data": {
-                    "retry_count": "Retry count",
-                    "retry_timeout": "Timeout between retries"
+                    "retry_count": "Retry count"
                 }
             }
         }
diff --git a/requirements_all.txt b/requirements_all.txt
index 7194370ca6a..3a39b405c91 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -37,7 +37,7 @@ PyRMVtransport==0.3.3
 PySocks==1.7.1
 
 # homeassistant.components.switchbot
-PySwitchbot==0.15.0
+PySwitchbot==0.15.1
 
 # homeassistant.components.transport_nsw
 PyTransportNSW==0.1.1
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 0edf582d77d..e9f699d61d8 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -33,7 +33,7 @@ PyRMVtransport==0.3.3
 PySocks==1.7.1
 
 # homeassistant.components.switchbot
-PySwitchbot==0.15.0
+PySwitchbot==0.15.1
 
 # homeassistant.components.transport_nsw
 PyTransportNSW==0.1.1
diff --git a/tests/components/switchbot/test_config_flow.py b/tests/components/switchbot/test_config_flow.py
index b9d1d556b09..0ae3430eeb1 100644
--- a/tests/components/switchbot/test_config_flow.py
+++ b/tests/components/switchbot/test_config_flow.py
@@ -2,10 +2,7 @@
 
 from unittest.mock import patch
 
-from homeassistant.components.switchbot.const import (
-    CONF_RETRY_COUNT,
-    CONF_RETRY_TIMEOUT,
-)
+from homeassistant.components.switchbot.const import CONF_RETRY_COUNT
 from homeassistant.config_entries import SOURCE_BLUETOOTH, SOURCE_USER
 from homeassistant.const import CONF_ADDRESS, CONF_NAME, CONF_PASSWORD, CONF_SENSOR_TYPE
 from homeassistant.data_entry_flow import FlowResultType
@@ -276,7 +273,6 @@ async def test_options_flow(hass):
         },
         options={
             CONF_RETRY_COUNT: 10,
-            CONF_RETRY_TIMEOUT: 10,
         },
         unique_id="aabbccddeeff",
     )
@@ -294,14 +290,12 @@ async def test_options_flow(hass):
             result["flow_id"],
             user_input={
                 CONF_RETRY_COUNT: 3,
-                CONF_RETRY_TIMEOUT: 5,
             },
         )
         await hass.async_block_till_done()
 
     assert result["type"] == FlowResultType.CREATE_ENTRY
     assert result["data"][CONF_RETRY_COUNT] == 3
-    assert result["data"][CONF_RETRY_TIMEOUT] == 5
 
     assert len(mock_setup_entry.mock_calls) == 2
 
@@ -319,16 +313,13 @@ async def test_options_flow(hass):
             result["flow_id"],
             user_input={
                 CONF_RETRY_COUNT: 6,
-                CONF_RETRY_TIMEOUT: 6,
             },
         )
         await hass.async_block_till_done()
 
     assert result["type"] == FlowResultType.CREATE_ENTRY
     assert result["data"][CONF_RETRY_COUNT] == 6
-    assert result["data"][CONF_RETRY_TIMEOUT] == 6
 
     assert len(mock_setup_entry.mock_calls) == 1
 
     assert entry.options[CONF_RETRY_COUNT] == 6
-    assert entry.options[CONF_RETRY_TIMEOUT] == 6