Practice Pulse Blog

Consider this, the practice is expanding, and the owner is in the market for additional space. Following a long and exhaustive search, the owner is about to secure a property that ticks off all the boxes. The building has generated quite a bit of interest, the realtor is preparing a lease for your owner’s signature. As (bad) luck would have it, the owner has a medical emergency that requires immediate surgery. The lease arrives as the owner is going read more...

Unfortunately, the world is a riskier place than it used to be, and risk management has become more important to businesses than it used to be. Per www.businessdictionary.com , the definition of risk management is: “the identification, analysis, assessment, control, and avoidance, minimization, or elimination of unacceptable risks. An organization may use risk assumption, risk avoidance, risk retention, risk transfer or any other strategy (or combination read more...

Practice management is an expensive hobby for a veterinarian. Management abilities aside, the loss of potential revenue that occurs when a veterinarian chooses management over medicine is $300 per hour (this figure includes the cost of hiring a hospital manager). If the average veterinarian only manages four hours per week every week, the annual loss to the practice is $75,000. Whether it is done by necessity or out of general interest, it is still read more...

Unfortunately, many clients don’t accept the veterinary team’s recommendations regarding the best care for their pet. There can be multiple reasons for this—cost, lack of understanding about why the care is needed, confusion over what is needed and others. VHMA’s November 2019 Insiders’ Insights survey explores these questions and correlates these findings with information just released in the VHMA’s Pet Owners Economic Value Study .  Not surprisingly, read more...

Dealing with substance abuse can be particularly difficult for small businesses because they don’t have the expertise or resources to devote to the topic. Substance abuse can create serious problems in a veterinary workplace including accidents, errors in patient care and legal liability. How big of an issue is this in veterinary medicine? When asked: “ Have you ever discovered an employee who exhibited behavior consistent with suspected substance read more...