Rural shortages, student debt target of reintroduced billApril 12, 2021A bill aimed at minimizing student debt and improving access to veterinary care in America’s rural areas has been reintroduced in the U.S. House of Representatives.
Education Center - SponsoredVector-Borne Disease Coming to a Neighborhood Near You: Which Tests to Reach For, and Why?by • AntechWhether it’s a screening to identify exposure to tick-borne pathogens, or a broad molecular diagnostic panel to help with acute disease detection or confirm the presence of genetic material, these options empower veterinary teams, guide treatment, and support antimicrobial stewardship.
VPN Plus+ ExclusiveWhy does no one want to be a practice owner anymore?March 18, 2021By Patty Khuly, VMD, MBA
Tips on how you can say no with graceMarch 16, 2021Saying “no” is an art form; it takes time and practice to perfect your toolkit. Regardless of how you say it, do it politely, firmly, and honestly.
Team member dynamics: Six things I've learned in six years of practice ownershipNovember 26, 2020About five years back, Dr. Khuly raved about practice ownership in this very column. While still bullish on practice ownership, she says she no longer has reason to gush.
VPN Plus+ ExclusiveLighten the financial load—Why debt consolidation may be the answerOctober 20, 2020
Five ways a loan can improve your practice amid COVID-19September 1, 2020 As the coronavirus pandemic continues to impact the nation, veterinary practice owners have been challenged to change existing procedures or find completely new ways of providing animal care while ensuring the safety of their staff and pet owners. Even with these additional burdens, veterinarians remain focused on keeping their practices going. Despite the uncertainty veterinary professionals face, there are also new opportunities to make meaningful improvements to their practices. Whether you seek to make an immediate impact on your day-to-day operations or pave the path for long-term success, a business loan can help you achieve your goals. 1) Understand the value of cash flow It's true: Cash is king. When cash is tight, it can be distracting, but having working capital can empower you to stay focused on providing excellent care and ensuring business success. A cash flow injection can help you cover immediate operational and overhead costs including rent or mortgage, insurance, utilities, and payroll. Cash can be set aside into an emergency fund to cover any unexpected costs that may arise. And having extra cash on hand can help you get through any delays in client payments. 2) Consolidate debt It might seem counterintuitive to get a …
Preventive care, client payments streamlined with partnershipAugust 24, 2020VitusVet has introduced a service that splits the cost of veterinary care into multiple payments on a pet owner’s existing credit card.
What is your money personality?August 14, 2020Most people fall into five basic financial categories or money personalities. Which one are you?
Do this to get immediate revenueAugust 11, 2020Practice owners and managers urgently want to reclaim lost revenue from checkups and elective procedures that were postponed and get furloughed employees back to work.
Is more debt good for your financial future?July 28, 2020If you're hoping to buy or expand a practice, you may think your educational debt means you won't be able to get a business loan. Even if you could get funded, the very idea of adding a few hundred thousand dollars in debt may give you what is commonly, if not medically, described as the heebie-jeebies. It's time to change your thinking. Not only are you likely to be overwhelmed with lenders happy to do business with you, but owning a profitable practice is also one of the best ways to pay down your student loans in less time. That will leave you able to do things you'd like better than servicing personal debt. Think buying a home, saving for retirement or your kids' college fund, or going on real vacations. "Being in business for yourself and growing that business makes sense," says Greg O'Brien. He and his wife, Emily, own O'Brien Veterinary Group in the greater Chicago area. "Getting your mind set to do that can be challenging, even for a group of people as intelligent as veterinarians. Often, the first thing so many veterinarians need to do is examine and reprogram their relationship with money." Understanding the number …
