Why Do Veterinary Practices Focus On Profitability?

July 29, 2017

Mike Dicks, PhD, director of veterinary economics for the American Veterinary Medical Association, explains why veterinary practices should not only focus on profitability.

Mike Dicks, PhD, director of veterinary economics for the American Veterinary Medical Association, explains why veterinary practices should not only focus on profitability. Veterinary practices seem to focus on income statements and profit-and-loss statements, but not on balance sheets and asset turnover indexes.