2018 Regional Workshop
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Mastering the Profit & Loss Statement
THE JOURNEY TO A BETTER UNDERSTANDING

Practice managers ensure practices run effectively and profitably while offering their patients the highest level of care. They balance diverse roles and responsibilities. Budgeting and accounting are just a few of the numerous tasks managers manage daily. Unfortunately interpreting monthly financial reports is an aspect of the job that causes many managers considerable discomfort.

To run a veterinary business successfully, a manager should to be comfortable with interpreting and working with the numbers in the financial reports, including the profit and loss statement, cash flow statement and balance sheet. These statements determine the health of the business. The profit and loss statement contains key information and shows if the practice is making money, breaking even or operating at a loss.

Comprehending the profit and loss statement and its potential for impacting the economic viability of the practice requires patience and a fundamental understanding of how the budget is derived. By sharing their personal experiences, the speakers will present a user-friendly approach to assist and inspire attendees to face their fears about the profit and loss statement. The workshop will cover budgeting basics to goal setting and everything in between. Before the workshop ends, participants will have an opportunity to work on a profit and loss statement and receive valuable feedback.

 

Multiple team members from each practice are encouraged to attend.

 

Learning Objectives:

  • Gain a comprehensive understanding of the budgeting process, including benchmarks, profit and loss statement and a practice’s operating history
  • Learn to breakdown the profit and loss statement to better understand its components
  • Evaluate revenue, expenses and income effectively
  • Gain experience with an actual profit and loss statement
  • Create a budget using a profit and loss statement
  • Set goals to improve skills, systems and/or attitudes

Take home resources will be provided to help attendees easily implement what they have learned.

 

6 Continuing Education Hours are available.

 

Presenters:

 

  Carol Hurst, LVT, CVPM, CVJ
Carol began her career as a Licensed Veterinary Technician in 2005. She is currently the Practice Manager at ABC Animal and Bird Clinic (Sugar Land, TX) and manages a team of 30. She is a Certified Veterinary Journalist (CVJ) and recently earned the Certified Veterinary Practice Manager (CVPM) credential. Carol currently serves as the Vice-President of her local management group. Carol is committed to using her leadership skills to affect positive change in the clinic. 
     
   Amy Kelley-Williams, MBA, CVPM
A Certified Veterinary Practice Manager (CVPM), Amy has been in the veterinary field since 1999. She has worked in both small and large emergency and wellness hospitals in a variety of positions, including: Kennel Technician, Veterinary Technician, Customer Service Representative, Inventory Manager, Practice Manager, and currently, Practice Administrator. She was instrumental in forming the Houston Veterinary Practice Managers Association and has served as the Association’s President since 2015. She completed her MBA in Human Resources in April of 2017. Amy is passionate about helping others to become effective, motivated individuals.

  

Dates and Locations:

January 10, 2018 - Ft. Worth, TX
April TBA - Atlanta, GA
June 7, 2018 - Indianapolis, IN
September 11, 2018 - Philadelphia, PA
November 7, 2018 - Portland, OR

 SEATING IS LIMITED AT EACH EVENT

 

 Thank you to our educational sponsors:

 

            
      

     

 

 

 


  

 


  

 

 

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