Financial Management | Veterinary Economics

Financial Management

Nov 01, 2004
Cleveland—Though many veterinarians fret about student loans prohibiting them from buying a practice, the real killer is revolving credit, such as credit cards and car loans.
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DVM360 MAGAZINE: Oct 01, 2004
The IRS has the power to recharacterize a related-party transaction.
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VETERINARY ECONOMICS: Oct 01, 2004
Do you back up your QuickBooks file regularly? If not, you risk losing your data. Follow these tips to make sure your information is there when you need it.
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DVM360 MAGAZINE: Oct 01, 2004
Women now buy half of all practices sold in some parts of the country, and prospective women buyers are on the rapid rise nationwide. The Northeast, mid-Atlantic and the Southeast contain the largest concentration of female buyers, according to brokerage statistics, and national trends have begun to mirror the general doctor population, too.
Sep 30, 2004
By dvm360.com staff
Hospital tours are a great way to attract new clients and cement your bond with existing ones. "We like to take the mystery away," says Dr. Lisa Barlow of Centennial Valley Animal Hospital PC in Louisville, Colo. "We think hospital tours help clients feel better about leaving their pets here."
Sep 16, 2004
By dvm360.com staff
The doctors at Bowman Animal Hospital and Cat Clinic, Inc. in Raleigh, N.C., see an average of four to five behavioral consultations per month, says Monica Dixon Perry, CVPM, the practice’s hospital administrator. Of these behavioral consults, the vast majority lead to diagnostic testing to determine whether there are any underlying medical reasons for the behavioral issue, says Audra Alley, DVM, CVA. "If a cat or a dog is urinating abnormally, we start with a urinalysis to determine whether there are any abnormalities. If the results of the urinalysis are positive, we treat the medical problems first and then re-evaluate the behavior," Dr. Alley says.
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DVM360 MAGAZINE: Sep 01, 2004
Every veterinary practice must continue to capitalize the costs of acquiring intangible business assets.
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VETERINARY ECONOMICS: Aug 19, 2004
By dvm360.com staff
Dr. Bill Swartz, owner of Clocktower Animal Hospital in Herndon, Va., says his six-doctor practice saves nearly $36,000 a year through a buying group.
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VETERINARY ECONOMICS: Aug 04, 2004
By dvm360.com staff
Osteoarthritis survey
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VETERINARY ECONOMICS: Aug 04, 2004
By dvm360.com staff
At Seaside Animal Care in Calabash, N.C., Dr. Ernest E. Ward Jr. knows that 20 percent of his canine patients will develop osteoarthritis at some point. To combat this statistic, Dr. Ward conducts a comprehensive senior arthritis program designed to lengthen the lives of his patients and improve their quality of life, strengthen the bond at his practice, and bolster his bottom line.
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VETERINARY ECONOMICS: Jul 22, 2004
By dvm360.com staff
You can create a small, successful exotic ward with no more space than an unused storage room and boost the service you offer owners of exotic pets, says Dr. Jennifer Graham, Dipl. ABVP. "Clients are beginning to ask, 'Are the exotics kept separate from the other pets?' and 'What special treatment can you provide?' " Dr. Graham says. "Clients know these issues are important and will evaluate the practice on team members’ responses."
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VETERINARY ECONOMICS: Jul 07, 2004
By dvm360.com staff
Senior wellness screenings reveal abnormalities in 23 percent of dogs and 17 percent of cats with normal physical exam results, according to a 1999 study conducted by Antech Diagnostics. Dr. Daniel Brod, co-owner of Deer Creek Animal Hospital in Littleton, Colo., uses this statistic during wellness exams to communicate the importance of annual senior testing to clients. He says that in about one of four senior dogs he tests, he identifies early disease processes, such as renal, liver, or thyroid disease—that's about 15 percent higher than in younger dogs at his practice. And he says that the study results mirror his findings in senior feline patients as well.
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VETERINARY ECONOMICS: Jun 23, 2004
By dvm360.com staff
Teaching proper dental care is part of the program at Pet Crossing Animal Hospital and Dental Clinic in Bloomington, Minn. And they aren't just teaching their staff members. Co-owners Drs. Katherine Knutson and Stephen Barghusen are using a dental lecture series to help practices statewide improve their standard of dental care and improve client compliance.
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DVM360 MAGAZINE: Jun 01, 2004
Generally sales taxes apply on the sale of just about anything to just about anyone.
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VETERINARY ECONOMICS: May 13, 2004
By dvm360.com staff
Dogs can’t wait to get through the front door of Chanhassen Veterinary Clinic in Chanhassen, Minn. For 12 years, the clinic has been throwing free puppy parties in its reception area. And month after month the team finds that when you correct unwanted puppy behavior with a reward-based approach, you build long-lasting family bonds, and in the process, pets’ bonds with the practice and with other pets. “Puppies literally come running into the clinic looking for their party pals,” says Dr. Deanne McCabe, one of three practice owners.