Finance

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.

Heres our regular rundown of new and noteworthy veterinary products.

Here's my advice from years of helping veterinary practice buyers and sellers on financing, finding the right practice and speeding along a practice sale before it goes bad.

Before you buy a veterinary hospital, young doctor, make sure you understand the basic financials of the practice and get some expert advice on the details to make sure you know what youre paying for.

Both associates and practice owners should love clear, mutually beneficial employment contracts. They give associates clarity and peace of mind and ensure future buyers of a veterinary hospital can hold onto what makes that clinic greatthe staff.

There are pros and cons to each possible business entity you might choose for your new veterinary hospital. No matter what, talk to an accountant and remember you need medical malpractice insurance. Inc. or not, its always your license and personal liability on the line when it comes to cases.

If youre thinking of selling your veterinary hospital, focusing just on the sale price is not enough. You need to understand the tax consequences of a proposed sale.

Gaining a bunch more veterinary hospital space is fantastic. But make sure youre ready for the growing pains that come with increased size.

Two smart data wonks in the animal health industry recently shared market information at an exclusive event in Kansas City. Heres the skinny on what they see coming down the pike for veterinary practices like yours.

Im worried that todays corporate consolidators arent an answer for solo practices who cant find associates to buy them.

This happens in the contractor submittal process of your veterinary clinic redesign or new build, and its why you should keep your architectural team involved until the end of the project. Especially when it comes to installation of new products.

When the budget on your dream veterinary clinic project gets tight, here are some strong opinions from an architect and team with an award-winning hospital on how you can cut to still keep your design intact.

One veterinary lender at HospitalDesign360 conference revealed some of the questions to ask before you lock in financing for that new remodel, renovation or new veterinary hospital building.

Do millennial veterinary associates have the same needs as any other associate you've hired in the past? Well, yes and no says Dr. Eva Evans.

USP 800 is very important in how your faculty handles compounded drugs, says veterinary architect Vicki Pollard, CVT, AIA, at HospitalDesign360 conference.

When your veterinary hospital looks like a badly aging 1980s movie franchise, its time for the reboot: Take an honest look around and imagine what a little elbow grease and a few tweaks could do to get your place the audience (and clients) it deserves.

Its well known that veterinary professionals undervalue their time and services, but your clients might notif you play your cards right.

Selling to an associate shapes the future of the veterinary profession. In this era of corporate buyouts and growing multipractice chains, dont give up on selling to a smart millennial quite yet.

To secure the best price from a veterinary consolidator, sellers need to hire associates wholl stay on after the transition.

After your hospitals veterinarian has explained the need for a product or pharmaceutical, dont hand off your clients to websites, pet store employees and big-box aisles and aisles of competing products. If this is the right product for this pet, carry it. The sales will follow.