Finance

Revealing insights from a practice management consultant — and Veterinarian’s Money Digest® Editorial Advisory Board member — who has been in the business for 45 years.

Its easy to presume that veterinary colleges receiving lots of public support can charge lower tuitionbut is it true? The AVMA Econ team decided to find out.

Many people immediately think about loans when they need to make large purchases. Here are a few reasons why a credit card might be the better financing tool for your business — and how to choose and use your new card.

Not everyone is curious about how their salary compares with the salaries of people in other professions. But if you are, then read on.

A record number of American households achieved millionaire status last year. Here are some tips for joining the club.

Making insurance a team member benefit turns your veterinary employees into passionate advocatesand boosts your practices bottom line.

Cost-cutting is not where the gold in your team's success lies. Look to diagnostics for the biggest boost in revenue AND patient health.

Depreciation on a new unit for your veterinary practice can improve your tax picture. But if it doesnt generate ROI, its simply not worth it.

Mike Dicks, PhD, director of veterinary economics for the American Veterinary Medical Association, talks about some of the pain points of veterinary practice owners when it comes to finances.

You may be surprised to learn that certain habits and lifestyle choices can contribute to significant wealth over time.

Traditionally, the accounting methods of individual veterinary practices are as diverse as the practices themselves. But times are changing — and for the better.

Consumers today are more vulnerable than ever to being exposed to identity theft and fraud. But it turns out that your risk for being hacked has a lot to do with where you live.

Even as today’s veterinarians earn a decent annual salary, many feel like they’ll never get ahead.

Think through that next big DR purchase with a veterinary practice owner and a practice manager who share what they wanted in their new DR system and brand-new dental DR sensor.

The key is to remember that a veterinary practice is only worth as much as someone is willing to pay for it, and what it’s worth to one person could well be different than what it’s worth to someone else.

Pets can benefit from training, boarding and day care owned by a veterinarianthe DVM is the expert, after all, not pet service and pet retail staff somewhere else. Just figure out if this chance for pet enrichment for your clients is the right fit for your veterinary hospital's philosophy, staff and location.

For most of us, our feelings about money and wealth are developed in childhood. Researchers have identified four “money scripts” that have a significant impact on our financial situation as adults.

Looking to grow your existing practice or acquire a new one? Check out these 5 tips to help set you in the right direction and maximize your return on investment.

This hospital design expert says vets must resist the urge to undertake what will essentially lose them money.

How much you work, how much you earn and how much you pay in taxes all depend on which quadrant of the workforce you’re in. Here, a financial expert’s advice on how to take control of your financial future.

Everyone struggles with debt, whether it be from student loans, business purchases or everyday expenditures. According to financial website NerdWallet, the average U.S. household has $137,063 in debt (including all types of debt). Here are five tips to help you become debt-free — and stay that way!

How much money must one save to provide for a satisfactory retirement lifestyle? This vast question is one that many busy veterinarians tend to ignore.

If you dont consider the balance sheet along with your income statement, you really have no idea if your business is healthy.

Ever wondered, "How can my coworker afford THAT?" or thought, "I don't know how anyone lives on what she makes?" Here's your chance to see how other veterinary professionals are managing their money.

Online pharmacy Vetsource has been named on this year’s Inc. 5000 list as one of the fastest-growing private companies in the United States.

There’s a new online pet pharmacy in town, and it’s looking to take over a chunk of the pet medications industry. PetSmart Pharmacy now offers customers convenient ordering, filling and home delivery of pet prescriptions and over-the-counter medications.

Tools, tips and plans to inspire you to buy a veterinary practice, help you sell a practice or get your deal with the right buyer and sell through.

If practice owners held prices at or below inflation, wed all go broke, reader maintains.

Just about everyone has had something stolen from them at some point. That possibility becomes much greater for business owners, so it pays to heed a problem that is growing by the year — embezzlement.

If you shudder when you hear the word budget, you’re not alone. Creating — and sticking to —a budget is a daunting task, but the benefits outweigh the drawbacks by a mile. Here’s how to overcome the obstacles that may be in your way.