Should you buy a no-lo practice?
Don’t automatically rule out a profit-challenged hospital. The problems, from a less-involved owner to poor inventory controls, might be easily correctable.
With so many practices being sold to corporate consolidators, private practice veterinarians might have a harder time finding a hospital to buy. If the asking prices for the “best” hospitals are out of your comfort zone, should you consider purchasing a no-lo practice? The VetPartners Valuation Council coined the term “no-lo practice” to describe practices […]
Be a cut above
Planning a top-notch surgery suite requires attention to detail. Only after you figure out what you truly need can you fine-tune the budget, complete the design and start construction.
Just about every veterinary hospital does surgery, yet there is no-one-size-fits-all surgery suite design. This article will assume you are constructing a new surgery suite, though most of my advice will apply to a renovation or expansion. As with any construction project, the first step is defining the what, where, how much and how long. […]
5 technology must-haves
Your clients take advantage of everything the modern world has to offer, and so do you. Then why is your veterinary practice so far behind?
Technology has changed how our world operates in almost every way imaginable, from the way we connect with family and friends to the ways we shop, work and live. Let’s start by looking at something universal, like shopping. A recent study predicted that e-commerce sales will balloon to $4.5 trillion by 2021, up from $2.3 […]
Close the deal
When negotiating an employment agreement with an associate veterinarian, start with the basics — at-will or contract? — and go from there.
Managing your veterinary practice can be overwhelming, but protecting your business is of the utmost importance. That’s why having a solid employment agreement with an associate veterinarian — one delineating pay and responsibilities — is critical. For an employment agreement to be enforceable, what need to exist are a clear job offer, an acceptance of […]
The fearless journey of a homeless pet
Veterinary practices should partner with shelter and rescue organizations to ensure that animals are ready for adoption and get the lifelong medical care they deserve. A new Fear Free program can help.
U.S. shelter groups care for approximately 10 million or more homeless animals annually, mostly dogs and cats. Why is this important to small animal practices? Because we should strive to: Make these dogs and cats our patients and their new owners our clients. Improve and maintain the animals’ physical and emotional health. Help the pets […]
Find your financial footing
Are you stressing over an enormous student loan balance? Peace of mind is achievable if you follow three steps.
What’s the most important issue facing the veterinary profession? It’s student debt, according to the Merck Veterinary Wellbeing Study. In the study of more than 3,500 veterinarians, over 91% ranked student debt as a “critically” or “moderately important” issue facing the industry. High levels of student debt cause serious psychological distress such as depression, anxiety […]
Always be learning
The path to enlightenment is paved with lecture halls and PowerPoint presentations. Or we can try something different. In the end, we need to be engaged, excited and current.
The continuing education myth is the fallacy that attending CE events keeps veterinary professionals current with contemporary standards of practice. Remember when your professor told you that half of everything you learn today will be obsolete in five years? Man, was she right! Lifelong learners, that’s what we all aspire to be. In fact, we […]
The dog shortage is real
Politics and Policy
The flourishing import market poses genuine health threats. Certifying large commercial U.S. breeders could be a worthwhile solution.
Mark the summer of 2019 as when the United States finally took seriously the issue of how many dogs, mainly puppies, were being allowed into the country illegally each year and the perilous condition of their health. To understand the situation, we need to step back and understand where we’ve been. A 2015 Moore Information […]
What’s your game plan?
You can’t rely on a stroke of luck to get your practice to the next level. Strategic planning and written goals are essential.
When executed well, strategic planning sessions can be an invigorating experience where dreamers and number crunchers join forces to improve a veterinary practice. If these leadership meetings are not part of your hospital’s culture, here are ways to get started. Review the Mission, Vision and Core Values Formal leadership gatherings are a great time to […]
5 things you didn’t learn in school
Your clinical skill set is important, of course, but there’s more to being a veterinary technician if you want to thrive and survive.
Veterinary technicians enroll in credentialing programs for many reasons — a love of animals, a love of science or the desire to make a difference in the lives of pets, to name just a few. Inside the classroom and in clinic rotations, there is so much to learn, from chemistry, anatomy and radiology to pharmacology, […]