The banker’s role in a practice acquisition
You can’t afford to skip any critical steps when buying a veterinary practice.
As the coronavirus pandemic grinds the U.S. economy to a halt, putting downward pressure on demand for pet health care services, acquisitive veterinarians should wait for conditions to stabilize. When the pandemic lifts, however, many smart acquisition opportunities will be available. Acquiring a practice is a complex and potentially competitive process — acquirers range from […]
A 5-step approach to telemedicine
E-consultations might be just what your practice needs — or maybe not. First, you have to assess the situation.
Is telemedicine the right solution for you? Well, that depends on the problem you are trying to solve. With COVID-19 putting the brakes on the traditional client experience, veterinarians are pushing the limits on innovation through new options like exams with a curbside wait and local home delivery for same-day product needs. Many are scrambling […]
The Families First Coronavirus Response Act and you
Paid sick leave is an employee right, but veterinary practices can take advantage of new payroll tax credits.
Approved by Congress on March 18, the Families First Coronavirus Response Act consists of two parts of particular interest to employers and employees: Emergency Paid Sick Leave Act Emergency Family and Medical Leave Expansion Act Under the provisions, small and midsize employers can take advantage of two new refundable payroll tax credits from April 1 […]
Surviving the coronavirus recession
We can always be confident in the value and importance of veterinary care to society, no matter how stormy the economy.
For many veterinary practice owners, the last few days have represented the most significant and rapid period of change they have ever experienced. In a matter of days, practices are converting to curbside service, implementing telemedicine initiatives, adjusting staffing protocols, and responding to the latest government stay-at-home and PPE orders. As one who has worked […]
‘e-’ stands for education
COVID-19 has compelled us to reimagine veterinary medical education. We’re learning to do it differently and more efficiently. The best is yet to come.
Prior to COVID-19, higher education dabbled in e-learning. Accessible, engaging electronic content was the exception. In the past week and a half, I have witnessed every institution of higher learning in the veterinary space begin to move their content to e-learning modules. In fact, all were forced to do this, as every class was canceled […]
What’s an employer to do during COVID-19?
Salary advances? Paid sick leave? Unemployment compensation? Here’s what veterinary hospital administrators need to know.
Today’s Veterinary Business “Legal Lingo” columnist Peter H. Tanella, Esq., and his law firm, Mandelbaum Salsburg, are working with veterinary practice owners and managers faced with employment issues during the COVID-19 pandemic. Tanella chairs the firm’s National Veterinary Law Center. What follows is a series of questions and answers, courtesy of Mandelbaum Salsburg. Many veterinarians and […]
12 ways to sustain your practice
Tough times need tough people. This is a great time for caution tempered with common sense.
Listen to Podcasts Pandemics and Economics: Two Words Not Used in Veterinary School Pandemics & Economics: A Blip or a New Normal? The economic challenges, pandemic challenges and panic response have all come together to impact your veterinary practice. Fast and immediate action can help mollify the worst of things. Here are some actions you […]
Do we really want to postpone preventive care?
In these pandemic days, wellness visits might not be a priority, but the risks to animal health aren’t going away.
Like all of us, I’m following with great interest the changing landscape of COVID-19 and am especially appreciative of our associations’ continuously updating the profession and providing expert guidance. However, I’m troubled by the recommendation that we postpone preventive care. I’m struck by our profession’s long-term discounting of the value of wellness care. With tens […]
Telemedicine to the rescue
Remote tools can help blunt COVID-19’s impact on veterinary practices.
As a practicing veterinarian for a quarter century, I have never experienced a time like this, when vets must be as concerned about potentially sick pet owners as we are about the clients’ sick pets. Many clients are understandably reluctant to come to the office for a face-to-face consultation during the COVID-19 pandemic. Added to […]
How to modernize your veterinary practice
Embrace new techniques to increase customer satisfaction, boost productivity and drive revenue long term.
The world has gone digital, with nearly all major industries embracing technology wholeheartedly to streamline operations and improve customer experiences. Whether it’s a restaurant that offers online reservations and ordering, a physician’s office that provides telemedicine services for its patients, or an e-commerce retailer that proactively displays curated selections based on a customer’s unique tastes […]