Easy Ways to Re-energize your Team Meetings

Boring. Robotic. Unproductive.  A game of word association or a description of your team meetings?  If you chose the latter of the two, read on for some easy tips to help put the spark back into your team meetings and your practice! 1 Make it about them.   Employ the “open mic” policy and share air time. Amanda Morris, MBA and CVPM, Care Animal Hospital in Indiana, employs this at her practice by requiring each staff member to present what they’ve learned after attending a continuing education session. Team meetings are an opportunity to hear different perspectives so keep an
Read More

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. 
Read More

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
Read More