Home Our Philosophy Our Services Our Staff Management Tools The WellMP Study Management Groups News and Articles Travel Calendar Contact Us OUR SERVICES WHAT IS A WELL-MANAGED PRACTICE AND WHAT COULD IT MEAN FOR YOU? Remember the day you opened the doors to your own practice? It was great for a while. You worked hard to build your client base and the practice grew. Now, you haven't had a Saturday off in four months and rather than healing animals you're spending your time trying to manage a business that takes you further and further away from practicing medicine and enjoying life. Maybe now is the time to make the decision to become a Well Managed Practice (WellMP). Why? Because WellMPs typically: Have the financial resources to offer the best in medical care. WellMPs have the cash to invest 3% to 5% of their annual revenue in new equipment, vehicles, and technology; they have the resources to hire the best and brightest staff and doctors and keep them well-trained and well-compensated; and they routinely upgrade their facilities for greater medical efficiency and accessibility. Pay you (the WellMP owner) higher compensation - $210,000 to $245,000 versus the national average of $109,000. Give you more time for yourself and your family - working 40 to 45 hours per week versus the national average of 52 hours. Sell for a higher value - almost twice the value of average practices of similar size and revenue. Well-Managed Practices operate efficiently. They continue to improve medical care as well as productivity. They enjoy a high average charge per transaction and strong client compliance. They know how to attract and retain clients. And, they provide personal financial independence for their owners. Are you ready to get started? What Is a Well-Managed Practice and What Could It Mean for You? How to Become a Well-Managed Practice Making It Happen On-Site Services Distance Management Practice Valuation Ownership Transitions Why We Do The Well-Managed Practice Study © 2009 Wutchiett Tumblin and Associates Well-Managed Practice, WellMP, WMP, and Better Management is Better Medicine are servicemarks of Wutchiett Tumblin and Associates Terms & Conditions