How to Correct a Low Average Doctor Transaction (ADT)

Low ADT:  The target ADT for the practice is $160 to $175 and the doctors’ actual ADT ranges between $125 to $155. Correction 1: Forward-book the patient’s next appointment for medical progress/follow-up appointments, dental prophylaxis, preventive care appointments, follow-up bloodwork, etc. to ensure patients receive the healthcare prescribed by the hospital’s medical protocols of care and charge for all exams.  It’s not unusual for hospitals to neglect to charge for extended exams, medical progress exams, and hospitalized patient exams. Correction 2: Evaluate patient compliance with the hospital’s protocol for laboratory testing (related to preventive wellness care) and dental prophylaxis protocols. 
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Timeline to Buy a Veterinary Practice?

The road to veterinary practice ownership can be short or long, depending on the level of preparation on the part of the buyer who is considering a practice purchase.  A potential buyer needs to take steps to position him or herself for loan approval three to five years before the practice ownership quest begins.  These steps include: Developing personal cash reserves for a down payment when the time comes Maintaining a clean credit history with a score of 675 or above Maintaining a conservative lifestyle with limited consumer debt Educating him or herself about business and understanding cash flow Building
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Fifty Shades of Fees

Knowing the true cost of a product or service helps veterinary practices with pricing decisions.  Published resources like the Well-Managed Practice Benchmarks Study and the AAHA Fee Reference provide guidance too.  Yet a practice may still be on the fence about when to raise fees, which fees to increase and by how much.  Here are a few ideas to get started. Instead of annual, across-the-board increases, conduct a quarterly review of fees and determine which fees to increase, which fees to leave alone, and in some rare cases, which fees you’ll reduce.  Monitor the quality of patient care and client
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