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Financial Boot Camp Seminar

Date/Time

Apr 6, 2017 to Apr 7, 2017
08:00 AM until 05:00 PM

Description

Attend our powerful two-day training seminar to boost the financial healthy of your practice. The VMC Financial Boot Camp will help you:

  • Understand financial trends, key economic indicators, and benchmarking. 
  • Learn how to capture lost fees.
  • Control inventory and staffing costs.
  • Find ways, such as payment options, to make your services affordable.
  • Use internal controls and create a budget to make your practice thrive.

VMC consultants understand the real-world situations faced by veterinary clinic owners, managers, doctors, and support staff. We present sessions that are fresh, engaging, and memorable. You'll come away with strategies you can implement immediately to increase your bottom line.

This boot camp has much to offer, whether you're a new or seasoned practice owner or manager. You'll learn how to:

  • Determine when it is (and isn't) cost-effective to invest in an expensive but dazzling piece of equipment.
  • Avoid making the mistakes that commonly cost veterinary clinics literally thousands of dollars every year.
  • Analyze doctor production.
  • Compensate your medical staff fairly.
  • Streamline your inventory processes.

The VMC Financial Boot Camp has been reviewed and approved by the AAVSB/RACE program. Attendees earn 11 hours of continuing education (CE) credits.

Day 1 of Financial Boot Camp for the Veterinary Practice

  • Financial Management: What to Look For & What to Do About It. Learn which key financial indicators you need to monitor and how to control them
  • The Role of an Accountant & How to Use Financial Statements: What you should expect from your accountant and how to use financial statements to help your veterinary practice achieve further financial success

Day 2 of Financial Boot Camp for the Veterinary Practice

  • Budgeting - Is It For You? You will receive a budgeting program designed specifically for the veterinary profession
  • Controlling Your Inventory & Support Staff Costs: Understand the two expense areas you can control that will have the greatest impact on your veterinary practice's bottom line
  • You Want to Buy a Large Piece of Equipment - Is it Cost Effective? Learn how to analyze whether or not it is cost effective to make large equipment purchases for your veterinary practice
  • Internal Controls: Lost Income & How to Capture It: Financially, do you have a lot of "holes in your bucket"? The average practice loses $64,050 per year per full time DVM!
  • Credit & Collection: Reduce Your Accounts Receivable: Effective policies and protocols that will help you reduce your Accounts Receivable and become more effective at collections
  • Case Study - Let's Put Our Collective Knowledge to Work! An interactive group discussion using case studies to develop effective strategies for resolution
  • Veterinary Industry Benchmarks - What They Are & How to Use Them: How does your veterinary practice compare to other practices in your area? Learn how you can use this information to better manage your practice
  • Analyzing Doctor Production & Compensating Your Associate Doctors Using ProSal: Pay your veterinary associates in a manner that will motivate them to be more productive, while relieving their fear of production-based compensation
  • How to Determine Your Client Fees Fairly & Accurately: A fee-setting formula that will help you determine client fees based on your costs of doing business in your veterinary practice

Cost

$685

Location

Chicago, IL

Additional Information

Sponsor

VMC, Inc.

Phone

303-674-8169

Contact email

vmc@vmc-inc.com

We make every effort to ensure the accuracy of this information. However, you should always call ahead to confirm dates, times, location, and other information.


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