Finance

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.

Before you show up to talk to your accountant, your architect, your builder or your engineer at the Hospital Design Conference or your own town, you need these. Nothings worse than an, oh, thats at home! conversation to start off your big hospital build.

If you want more transparency in your veterinary hospitals design, plan ahead to avoid distracting patients.

Veterinary practice owners: Here are five things you or a trusted practice manager can watch regularly to make sure raising prices isnt the only way your practice survives.

Many veterinary practices have seen their pharmacy sales for oral and topical drugs shrink. Have you explored all the injectables on the market?

How much of the local veterinary business is your practice capturing compared with your competitors? If you don't knowor if it's not a pretty picturethis AVMA tool can help you pin down a plan toward greater success.

Use this equation to estimate general costs for your new building or leasehold.

The pool of potential cases for rehabilitation services in general veterinary practice is much bigger than you think, says Fetch dvm360 speaker Dr. Matthew Brunke.

A lesson in spending for veterinary professionals.

There are lessons to be learned from the many companies that have disappeared in recent years.

While its true that Disney reigns supreme when it comes to delivering superb customer service, that fact is that not all customer service models can be equal. Heres how the Disney model hurts our professionand what we can do about it.

Heres an in-depth explanation of what you need to look at when searching for your dream site for your future veterinary practice, and why.

Building and opening a veterinary practice is a marathon experience that requires slow, steady and consistent effort. While you may have to sacrifice your time (and sanity) during the process, the payoff is well worth it.

In the past year, veterinarians, managers, technicians and other team members clicked on these personal finance articles to help them think about budgeting, expenses and retirement. Could they help you too?

A primer on Public Service Loan Forgiveness from the AVMA Econ team.

Every house, and every veterinary hospital, accumulates too much stuff. Join me as I offer the best tips Ive seen practice team members put in place to store things where everyone can find them and get rid of the things you dont need.

Should you buy or start a veterinary hospital? Here are questions to ask to figure it out and resource paths to help you explore your options.

Using her work as an associate and then locum tenens, this Hospital Design Competition Merit Award winner knew what she wanted: good-looking and clutter-free, with a much-needed break room for veterinary team members to decompress.

The latest generation, born after 1997 and graduating veterinary school in a few years, will have some things in common with millennials (who lived through a recession). Here are the major issues theyre likely to face based on todays economy.

Practice chains are paying many times what the next generation of practice owners can afford for good veterinary hospitals. Associates feel left out in the cold. Find out what expert Karen Felsted, CPA, MS, DVM, CVPM, CVA, says about the alternative: starting up a practice with zero clients when you open your doors.

Corporate consolidators are snapping up veterinary hospitals. Associate veterinarians scramble to find good ones left. And practice owners who werent thinking about selling all of a sudden wonder if nows the time. Heres how the process works.

When it comes to benefit plan compliance, its often the case that you dont know what you dont know.

When I took a new job as hospital administrator after 26 years at a new veterinary practice, the differences in associate pay, standards of care and geography just didnt work for me.