Finance

The impact of a recession, if it happens, on equine veterinarians will be uneven, just as it will be in the small animal world, experts say.

With a possible recession looming, a wave of financially struggling clients may be cresting at your door. Are you ready?

The measure of a machine isn't just what shows up on a cost-benefit analysis.

Evaluate the phone skills of receptionists at your clinic and others with these downloadable Excel documents.

Read this list to see if you or someone you love is earning less than they should.

The best investments aren't always high-priced equipment.

Recommendations from industry experts demonstrate how to reform your thinking and implement underutilized services to enhance your practice's financial health.

How can I encourage clients to buy pet food and other supplies from my practice?

Dr. David McGrath is owner of seven practices, and at one time they used four software programs between them. Now they all use the same system. This has allowed them to try new ideas to boost compliance, which so far have resulted in gross revenue increases of up to 50 percent. Take Dr. McGrath's lessons into account as you evaluate your own practice software-and what it can do for you.

Why would any veterinarian ignore perfectly good, legitimate deductions at tax-filing time?

Tbensalem, pa. - Dr. John Rossi questions his decision to become a veterinarian.

Veterinary healthcare to grow 8.5 percent this year, predicts product organization

Veterinary medical students accustomed to living on borrowed money now will forfeit a large percentage of future earnings to pay down their educational loan obligations. Consultant James F. Wilson, DVM, JD explores the long-term implications.

U.S. spending on pet health to hit nearly $30 billion, but veterinarians' share of the drug market to fall.

Pet owners said they'd sooner cut groceries than pet supplies.

Veterinarians and veterinary staff members strive to provide the best possible care for patients, but the amount of disposable income that an individual client has for their pet's care may not always meet the pet's medical needs. One way to help these situations without cutting corners may be to provide the same quality-but less costly medications.

Quicksand fees will sink a practice.

Schaumburg, Ill. - Educational indebtedness for 2007 veterinary medical graduates increased nearly 100 percent since 1997, while starting salaries rose 46.5 percent during the same 10-year period.

The Internal Revenue Service is trying hard to convince everyone to file income-tax returns electronically.

Owners are devastated when they learn their practices are worth only a fraction of what they anticipated as they approach reitrement and contemplate a sale. But if you can understand why this occurs and identify if your practice is at risk, you can begin the process of recapturing this lost value for your practice.

It has been 17 years since the Americans with Disabilities Act (ADA) was signed into law. Although some veterinarians still fall short when it comes to making their business premises - and the practice itself - ADA compliant, others have used financial and tax incentives created to help ease the cost of complying with the ADA to improve and grow their practices.

Learn how to cut your costs and keep more in the coffers with these tips.

Make the most of downtime with a well-earned vacation, wellness appointments, and practice housekeeping.

Should we send clients to get drugs elsewhere, or do we keep our profitable, well-monitored pharmacies busy?

Almost all clients opt for the additional surgery cost for the laser.

Why are so many equine practitioners having trouble selling their practices? Don't let it be you.

It's no secret that staff salaries are the biggest expense at most practices. At the same time, your team is your most valuable asset. How do you balance these two realities?

The story of a practice makeover that's been years in the making. It's inspirational and humorous because of the owner's positive outlook, along with his love and respect for his profession, his team, his patients, and his clients.