Practice management involves managing staff (the HR issues), managing client and patient care (the quality and control compliance issues) and managing the practice profit, or more importantly, managing the practice cash flow.
Practice management involves managing staff (the HR issues), managing client and patient care (the quality and control compliance issues) and managing the practice profit, or more importantly, managing the practice cash flow.
If any ancillary issues besides cash flow become a problem and the practice maintains adequate cash flow, the unhappy owner can find a successive buyer to make the needed change from the undesirable circumstance whatever the cause. If cash flow is not able to be maintained by an owner, he or she may have an unsalable business. This may cause crisis in the owner's circumstances that disrupts families, makes owners be slaves to their practices and causes owner burn out.
To assure the cash flow is going to be maintained, an owner must look at several important cash flow regulators. These include, but are not limited to, the following present and historical data items of the practice:
Following are significant management points regarding cash flow regulators
When cost is a barrier for clients: Navigating financial challenges
May 13th 2025In this Q&A article, Robyn Jaynes, DVM, director of veterinary affairs at PetSmart Charities, shares expert advice on how the veterinary profession can better support pet owners facing financial barriers to care.
Read More