Not preparing for a risk-management survey could cost you the chance to lower your insurance premiums. Not permitting a visit might mean a policy cancellation.
Practice owners, just like their staff, deserve fair compensation. Revenue is key, of course, but you can increase it by regularly adjusting your fee schedules and eliminating giveaways.
What does an independent veterinary practice need to do to meet the demand for a new way of doing business? Implement telemedicine, enrolled preventive/membership care plans, urgent care hours and hospice care.
Elevating your hospital from the status quo to something really fabulous requires an honest assessment of where you stand and then formulation of a detailed action plan.
Don’t automatically rule out a profit-challenged hospital. The problems, from a less-involved owner to poor inventory controls, might be easily correctable.
Who wants to own a veterinary hospital? Listening to the American Veterinary Medical Association’s chief economist, Dr. Matthew Salois, I found out that fewer people do.
