Business

It’s personal

Protect and Defend

Make sure you are adequately covered against medical missteps and that your insurance provider will fight for you during a state license challenge.

Companion animals play an ever-increasing role in society. They have migrated from the barn and backyard to become members of the household, spending their days lounging on our couches and beds. Therefore, it is not surprising that when a pet dies or experiences an adverse event during the delivery of veterinary care, the owner frequently […]

Sustainable and resilient

Constructive Criticism

Environmentally friendly hospitals help pay for themselves through lower energy costs. The right light fixtures and appliances and even the building’s orientation are major factors.

When it comes to a project’s environmental impact, much is made about building-rating programs such as LEED and Green Globes. People equate a high rating with a good environmentally sound design and assume that no other steps can be taken. While LEED and Green Globes are legitimate rating programs, many people don’t know that nonprofit […]

A place to call your own

Money Matters

Becoming an independent practice owner carries many risks, but the rewards can be hefty if you have a knack for business and are willing to sacrifice sizable paychecks for a while.

I have noticed a surge in the number of associate veterinarians interested in starting a practice. Whether this interest is the result of skyrocketing sales prices for existing practices, the desire to create something of one’s own or other factors, I am seeing new privately owned startups, even in areas with many competitors. Of the […]

5 ways to better manage labor

Being creative with employee schedules and developing a team-oriented culture can lead to a more profitable practice.

In the midst of the day-to-day flurry of wagging tails and purring patients, it’s easy to lose sight of strategies that can help keep a veterinary hospital healthy and running smoothly. Developing a plan to effectively manage labor costs is one strategy that can help do just that. The cost of labor is one of […]

In-SURE!-ance

Persuading clients to sign up for coverage can ensure top-notch patient care, improve a clinic’s bottom line and boost a veterinarian’s production pay. Try these seven strategies.

A veterinarian has many reasons to recommend pet health insurance to her clients. Among them is the fact that insured pet owners are more likely to bring the animal in at the first sign of illness or injury rather than hold back out of “fear of the big bill.” And they are much more likely […]

Calculated risks

Take control of employee health insurance costs by selecting the right plan and benefits. Self-funding, captives and a level-funded program are your primary options.

If you’re a veterinary practice owner who has decided to offer group health insurance benefits to your staff, you’ve likely done so for one of three reasons: Your practice is large enough that you’re required to comply with the Affordable Care Act’s employer mandate (more than 50 full-time-equivalent employees) and you’d rather not pay penalties […]

See the light

Constructive Criticism

The smart use of natural illumination supports the health and happiness of patients, employees and clients. Artificial light has its place, too, but you should be selective.

What if I told you about a simple strategy that would make team members feel more alert, improve their attitude and attendance, and help them achieve higher goals? It also would help clients feel more relaxed and, most importantly, reduce patient stress. When implemented during a hospital’s construction or renovation, it would cost very little […]

A view from the trenches

The Vetalytix Report

Today’s business environment is more complex, more dynamic and more competitive than ever before.

More than 300 industry leaders attending the KC Animal Health Corridor’s Market Insight Seminar in August witnessed “A View From the Trenches,” our presentation about some of the most pressing issues facing today’s veterinarians. Here are a few highlights. It’s the Economy, Stupid Economic data from the first half of the year showed that 2018 […]

Fear factors

Protect and Defend

All hospital employees should be taught how to react in the face of a physical threat. The principles behind ALICE are a good starting point.

Unprovoked violence against groups of innocent people is frightening. Sometimes random, sometimes retaliatory, the acts are perpetrated against businesses, churches, schools, theaters and even military installations. The Occupational Safety and Health Administration requires employers to provide a workplace free from recognized hazards. The risks to veterinary practice employees traditionally have focused on bites and scratches, […]

Think twice

Money Matters

Investing in your hospital shortly before a sale makes sense only in certain situations. Needless spending can depress the practice valuation.

With so many veterinarians considering a practice sale, either to an associate or a corporate consolidator, some owners wonder whether making further investments in the hospital or new equipment will yield a higher price. The answer? It depends. Your Facility Is now the right time for new construction or a remodel? If you plan to […]

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