Community

retirement

Retirement plans work for you

Financial Wellness

The investment program you and your employees participate in might not be the same one everyone turns to when it’s time to step away from the practice.

The decision to sell a veterinary practice is loaded with financial considerations, but don’t gloss over the need to clearly understand what you want to achieve. Are you tired? Frustrated? Burned out? At retirement age? Overloaded with management duties? Do you want to maximize the sale price or transfer the practice to an associate veterinarian […]

A long-term answer

Creative Disruption

Under a subscription wellness plan, pets and their owners return time and again. Ongoing preventive care is great for the patient, good for compliance and a net gain for practices and their teams.

Secret formulas have been credited with the success of many well-known companies. Think Coca-Cola, KFC, Google with its algorithm and maybe Krusty Krab with its SpongeBob SquarePants Krabby Patty. What otherwise would have been pedestrian brands with limited potential instead became household names. Wouldn’t it be cool if we could mix up a secret formula […]

virtual care

Viva VVCA!

Politics and Policy

The newly established Veterinary Virtual Care Association will develop best practices, define standards and protocols, and do so much more.

In late April, the veterinary world awakened to a new organization: the Veterinary Virtual Care Association. VVCA hopes to do for veterinary medicine what the American Telemedicine Association (ATA) has done for human health care since its founding in 1993. Today, telemedicine, telehealth and virtual care are staples of our personal health care, and to […]

NAVC survey

Career challenges

Student debt, the practice environment and well-being are among the top issues facing veterinarians and veterinary technicians, an NAVC-commissioned study discovers.

Only about half of veterinary professionals — 55% — report high levels of satisfaction with their careers, a new NAVC report finds, with the rest lukewarm about their jobs or outright dissatisfied. Plus, more than 1 in 4 veterinarians and 1 in 3 technicians say they’re likely to leave the industry within the next five […]

commitment culture

What the corporates get wrong

Creative Disruption

Successful, happy practice is more about commitment than compliance.

Consolidation, a normal occurrence in successful, fragmented, healthy, profitable industries, has come to our profession. I would argue that the positives outweigh the negatives. That said, most corporates don’t get one critical issue. The dominant consolidators in our profession come from the manufacturing sector, specifically the consumer packaged goods (CPG) industry. In CPG, efficient, repeatable, […]

tone policing

The problem with tone policing

Diversity Toolbox

Focusing on the delivery of information rather than the content can impair efforts to have substantive discussions about diversity and inclusion.

Have you ever found yourself in an argument with someone and as the argument progresses you become more animated? Your voice might rise. You might talk a bit with your hands. It is clear you are passionate about your position and really want your companion to understand your point. At a critical point in the […]

medical boards

Step on up — now

Politics and Policy

The profession and industry need to support our underfunded state veterinary medical boards before they are pushed aside by politicians.

This article might surprise readers, but it needs to be written and we don’t have much time to act. A quiet crisis that’s not obvious to practitioners and industry is building within the world of state regulation of veterinary medicine. I observe it only because my Animal Policy Group works with state veterinary medical boards […]

sale price

Don’t rush into a sale

Financial Wellness

Five to seven years out is the time to begin prepping your practice for a transition and thinking about what you will do in the next chapter of your life.

The decision to sell a veterinary practice is loaded with financial considerations, but don’t gloss over the need to clearly understand what you want to achieve. Are you tired? Frustrated? Burned out? At retirement age? Overloaded with management duties? Do you want to maximize the sale price or transfer the practice to an associate veterinarian […]

time

We can’t afford to wait

Creative Disruption

Virtual care and reinvention of the veterinary nurse will take our profession to the next level. The taxi and recording industries were asleep at the wheel at crucial moments in history. Look where it got them.

Consumers will get what they want, when they want it and where they want it at a value they deem appropriate, and with little regard for who provides it. For example, consumers desired a taxi service that was more convenient, tech-forward, clean and at a good value. Frustration with the taxi industry was rampant. Similarly, […]

purpose statement

#YouDoYou

VetPartners Corner

Five building blocks of personal innovation will get you headed in the right direction. But if you’re still having trouble, start by stabilizing the base.

While the term “innovation” is one of the most overused words in the English language, in its purest form it is simply the introduction of something new. Business model innovation can have a stronger impact on profit margins than service or product innovations, it can disrupt established norms, and it can lead to vibrant cultures that […]

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