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Business & Finance
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Business and Financial Management
Many measures can be used to monitor the success of your veterinary practice. Here are some
- Quality of professional care and attention for clients and patients
- Degree of client satisfaction
- Maintenance of patient health
- Quality of clinical records
- Sound financial performance
- The level of salaries and conditions of employment for all staff members
- Required return on the owners investment in the practice
- Good reputation and respect for clients, patients and staff
- Practice image of which the owners and all concerned are proud
Most practice principals are able to make some subjective judgments about each of these factors but many of them are difficult to measure objectively. Sooner or later the success of the practice will have to be measured financially. Tax inspectors (agents), bank managers, accountants, prospective incoming partners or purchasers will all wish to be satisfied that, in addition to all the other subjective measures, here is a veterinary business which is financially sound ( from The Business of Veterinary Practice -- John Sheridan and Owen McCafferty, Pergamon Press) Take a look at these Business and Financial resources
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The Economics of Compassion
In our not-so-distant past, veterinarians were often rewarded for their services with chickens, pies, or even some homemade libations. This nonmonetary payment was not an equal exchange for the value of the services, but an expression ... . . . keep reading
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Importance of Asking Questions
Listening to the news over the last few days it seems clear that the worst is yet to come. Economic gloom continues to reign, even with the interest rate cuts and all the other .... . . . keep reading
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Equipment Charge Calculator
You can use this tool to calculate an appropriate charge for the use of a major diagnostic tool or other capital equipment item in veterinary practice. It simply requires management to enter ... . . . keep reading
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Three Employment Document Blueprints
You can use this tool as a blueprint to create three useful employment documents suitable for your own practice. The download consists of a ten page document in .pdf format incorporating .. . . . keep reading
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All You Care About Is the Money!
You expected her to be relieved--even grateful--that Bailey's loose tooth has been successfully extracted and he is ready to head home. The reality, however, is that Mrs. Smith is furious ... . . . keep reading
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