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Practice Ownership

Don’t Shortchange Yourself

Finance

Don’t Shortchange Yourself

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.
Stop Observing and Start Reacting

Practice Management

Stop Observing and Start Reacting

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.
How to Modernize Your Veterinary Practice

Hospital Construction/Design

How to Modernize Your Veterinary Practice

Embrace new techniques to increase customer satisfaction, boost productivity and drive revenue long term.
Ready, Set, Grow!

Practice Ownership

Ready, Set, Grow!

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.
Should you buy a no-lo practice?

Finance

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.
The Past and the Future

From the Editor

The Past and the Future

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.
What are you buying exactly?

Finance

What are you buying exactly?

If you’re considering veterinary practice ownership, learn the differences between an equity purchase and an asset purchase.
A Handshake Isn’t Enough

Legal Issues

A Handshake Isn’t Enough

Veterinary practice partnership agreements need to be tightly written and account for eventualities, such as how disputes are settled and how a buyout is accomplished.
Insure your property properly

Practice Ownership

Insure your property properly

Extensions. Deductibles. Exclusions. Not understanding the terms of your commercial policy could leave you short on coverage.
The Fast Track

Practice Ownership

The Fast Track

Practice ownership can happen early in a veterinarian’s career, and perhaps at a lower cost of entry, through one of a small number of franchisers.
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