Finance

Two young doctors dove right into practice ownership and building a facility all at once and got the practice of their dreams, earning them top honors in the under-8,000-square-feet category of the dvm360 Hospital Design Competition. 

It’s wisely been said that one cannot chart a route until their destination is known. For many long-time veterinary practice owners who are considering a sale, there is a good deal of obsessing over the route and precious little hard thought about the destination.

Study shows 550%+ returns when practices add communication software that allows pet owners to stay current and pet care providers to stay connected. (Sponsored by PetDesk)

The ‘R’ word is an economic inevitability, but that doesn’t mean you should panic. Take these five steps to prepare your veterinary practice for the next downturn.

A data dive yields insights on becoming a Cat-Friendly Practice through the American Association of Feline Practitioners—and how satisfied veterinary hospital owners and managers are with the results.

Price breaks for staff family members, hardship clients and rescue organizations are costing Dr. Reed's veterinary practice. His brilliant idea? Staff members should pay a percentage of the discount. Hold on, says his hospital administrator.

When clients won't accept your recommendation, could it be time to drop the price? Fetch dvm360 speaker Karen Felsted, CPA, MS, DVM, CVPM, CVA, encourages veterinary professionals to consider cost-based pricing.

Here's how to help prevent your veterinary practice from getting in a financial bind. Listen to this advice about the importance of securing finances first instead of hastily signing purchasing agreements.

I had a crazy idea to put your veterinary practice advertising dollars somewhere else, but I gut-checked myself with an economist first.

Here's what to think through before you sign your employment contract as a veterinary associateconsider the things that could go wrong or negatively affect your production.

Space to work, quiet to heal, more light: A tribute to my dog's stay in a veterinary emergency clinic.

The days of set it and forget it when it comes to monitoring your veterinary hospitals finances are done. You cant fly blind as an ownerso start asking questions of the financial advisors at your disposal.

Here are 4 ways to attract new clients and reach out to existing ones during those slower times.

The future veterinarians I talk to are sad and scared about their financial future in their new career. With the right planning and financial education, they shouldnt be. Whos going to join me in fighting this fight?

As the countrys economy goes, so goes the U.S. veterinary profession. A short but important presentation at the recent AVMA Economic Summit judged important indicators green, yellow or red for Americans financial future.

Try this easy challenge to help keep your veterinary practice in order.

A dive into data yields insights on pay-by-the-month preventive-care (wellness) plans undertaken by different-sized veterinary practicesand how satisfied the owners and managers were with the results.

Were living longer. That means well need more money for longer retirements as veterinary professionals. As I navigate these waters myself, here are some sobering numbers to get you thinking that maybe its time to take this planning seriously.

Spruce up your print marketing approach by trying some of these creative ideas

A dive into data yields numbers on capital improvements and investments different-sized veterinary practices made and how satisfied the owners and managers were with them.

I advocate for more early-detection diagnostics, as I think they make sense for pet health, for client peace of mind and practices bottom line.

One company's device can turn your veterinary practice trash into an inert hockey puck.

A boarding business run right can make your veterinary hospital the one-stop shop of pet services in your area. In a time of increasing competition for community clients, its time to revisit this chance to snag happy clients.

Contrary to old-school belief, word-of-mouth is not enough to market your veterinary practice. Put together a simple plan to get your team on the same page and give clients the information they want.

Keeping the practice revenue flowing during a remodel isnt easy, but its necessary. Heres what a 2019 dvm360 Hospital of the Year winner and his architect did to make it happen.

Disability insurance isnt exciting to think about, but worse than that is ignoring it until its too late to get it. Veterinarians should not skip out on this important insurance.

Make sure your next practice management software (PIMS) choice will help your veterinary practice avoid missed charges.

Program lends recipients $20,000 per year for tuition; amount is forgiven once grads practice in rural Kansas.

Here are the details that veterinary hospital groups nationwide shared with us on number of hospitals, company details and what theyre looking for in clinics to buy these days.

This letter writer agreed with the Certified Veterinary Practice Manager: Get the whole team on board, give wellness plans time to work, and you can see success.