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A recent AVMA-Pfizer Business Practices Study showed that negotiating skills with clients can actually improve the profit of an equine practice. These negotiating skills would fall into the area of [...]

Of the many challenges faced in equine practice, one of the most daunting can be client communication. The years spent in veterinary school teach practitioners how to speak the medical [...]

The article discusses the effect of increase in inventory cost, on equine practice. Due to the recent natural disasters, the cost of doing business in an equine practice has accelerated. The entire practice will be affected as the most reasonable response would be to increase the ambulatory call charge. Genuine shortage or market manipulation might be the reason behind the cost increase. Veterinarians can help them in this situation by adopting a proactive approach towards the problem.

The article discusses the benefits of good communication in handling employees of veterinary profession's compensation. According to the author communication is the key to making changes and streamlining employee compensation. It is important to explain the scale of economics within which an equine practice must operate. Furthermore, the equine practitioner can be objective by using the income statement to evaluate employee expenses.

Focuses on the how an equine practitioner can manage expansion. Importance of short-term and long-term plan for growth to manage expansion; Addition of a diode laser to a practice to expand the range of services that the practice can provide; Factors to be considered in adding new, expensive equipment.

The success or failure of an equine practice will be determined by those individuals that are accountable, or responsible, for all aspects of the operation of the veterinary practice. Most of the time this will fall on the shoulders of the owner or owners. As the practice grows in volume, responsibilities increase. It can be difficult, if not impossible, for the practice owner to be solely responsible for the outcome of all aspects of the practice. This situation can be compounded when the practice owner is also responsible for the majority of the caseload and income generation. Practice owners can bum out handling everything themselves, designate a staffer to help keep watch.

Discusses the significance of planning to cover the expected and unexpected ending of a veterinary career. Proposal for a pre-tax retirement plan for veterinary and non-veterinary employees; Role of a certified practice accountant; Tax ramifications to consider for equine practice and the person leaving the practice.

Provides tips on purchasing equine sports medicine equipment. Selection of the equipment; Importance of considering the usefulness of the equipment; Cost-effectiveness of the product.

Discusses the significance of open/buyer seller dialogue on practice management in veterinary medicine. Role of independent advisors in the sale of practice; Description of owner financing as a viable alternative to outside financing; Recommendations.