Practice finances | Veterinary Economics

Practice finances

source-image
VETERINARY ECONOMICS: Mar 01, 2005
My office manager suggested that we discount hard-to-collect, 90-day-past-due accounts as an incentive to encourage patients to pay at least something. We'd offer up to 25 percent off the bill, depending on how much the patient pays. We'd require the patient to adhere to a payment schedule until the debt's paid off. Is this a good solution or does it contribute to the problem?
source-image
VETERINARY ECONOMICS: Mar 01, 2005
By dvm360.com staff
Neel Veterinary Hospital in Oklahoma City, a paperless practice that purchased its first computer and electronic medical record system in 1993, prides itself on its commitment to using the latest technology. “Adding computer radiography was a natural step in the evolution of our practice,” says co-owner Dr. Tina Neel.
source-image
VETERINARY ECONOMICS: Mar 01, 2005
Not all tax deductions are created equal. When it comes to building projects, the normal write-off for building costs is 39 years. However, with a little homework and the help of a builder and architect, you can accelerate deductions. The concept at work: cost segregation.
source-image
VETERINARY ECONOMICS: Mar 01, 2005
A potential buyer will want to know what it would cost to provide the same services you offer.
source-image
DVM360 MAGAZINE: Mar 01, 2005
I have lost count of the number of occasions when I have written in this column that partnership in a veterinary practice is very similar to marriage. The analogy is one that potential partners must ignore at their peril. Nonetheless, joint ownership of a professional practice can be much like something else as well: a couple moving in together.
source-image
VETERINARY ECONOMICS: Feb 01, 2005
They're here to stay. And the sites that target consumers are making heavy-duty media buys. Are you often doing enough to explain why clients should buy medications from you?
source-image
VETERINARY ECONOMICS: Feb 01, 2005
By dvm360.com staff
Expect health insurance to cost about 10 percent more this year, marking five years of double-digit increases, according to The Washington Post.
source-image
DVM360 MAGAZINE: Jan 15, 2005
Any practice that modifies, adapts or adds to the business premises will qualify for a write-off period.
Jan 01, 2005
By dvm360.com staff
With the help of a patient-care coordinator, Veterinary Medical Clinic in Tampa, Fla., is seeing double-digit growth for the first time in years--and patients are enjoying even healthier lives, says practice owner Dr. Eddie Garcia. "The patient wins because it gets a better follow-up on what the doctor recommends and a better quality of life, and the client gets to enjoy the pet longer. The clinic wins because we're providing the service and making the income," he says.
source-image
VETERINARY ECONOMICS: Jan 01, 2005
The American Jobs Creation Act of 2004 created billions of dollars of tax breaks.