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Partners in Practice

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Source: PARTNERS IN PRACTICE Finding balance when money is tight (Sponsored by Intervet/Schering-Plough Animal Health) March 1, 2009 By: Nick Dupont In times of economic hardship, some practitioners might be asking if fee schedules need to be adjusted to ease the financial burden on clients, but there's no reason to start discounting based on media hype or isolated incidents. Instead, focus on developing smart, short-term business practices that will keep your revenue stream flowing and strengthen your bond with clients.

Source: PARTNERS IN PRACTICE Inventory control (Sponsored by Intervet/Schering-Plough Animal Health) March 1, 2009 By: Alicia Isenberg, Associate Editor Deborah Reeder, RVT, executive director and former president of the American Association of Equine Veterinary Technicians (AAEVT), says establishing—or in some cases, maintaining—an effective inventory protocol is crucial to success.

Source: PARTNERS IN PRACTICE New tax laws (Sponsored by Intervet/Schering-Plough Animal Health) March 1, 2009 By: Elise M. Lacher, CPA The new year brings new tax issues to look at for large and small businesses. Looking back at 2008—and forward to 2009—a challenging year awaits.

Source: PARTNERS IN PRACTICE Surveillance program targets herd health (Sponsored by Intervet/Schering-Plough Animal Health) March 1, 2009 By: Matt Brown Intervet/Schering-Plough Animal Health (ISPAH) is partnering with equine practitioners and UC Davis to improve the strategies veterinarians use to attack equine respiratory issues—identifying diseases before they spread in order to target specific pathogens with tailor-made vaccines and better biosecurity programs.

Source: PARTNERS IN PRACTICE What is a new and effective way to reduce accounts receivable? What old methods still work well? (Sponsored by Intervet/Schering-Plough Animal Health) March 1, 2009 By: Scott Strosnider, DVM, Vikki Trupin, DVM, Valerie Smith, DVM Consistency, prevention, and rewards are key to collections

Source: PARTNERS IN PRACTICE Dealing with a recession (Sponsored by Intervet/Schering-Plough Animal Health) December 1, 2008 By: Lara de Courtivron, Charlotte Lacroix, DVM, JD In these challenging economic times, it is important that equine veterinarians­ be creative—not complacent—with respect to boosting their bottom lines. Just as a proactive, multimodal approach is often needed to treat certain­ diseases, the following is a nine-step treatment plan for what might be ailing your practice­.

Source: PARTNERS IN PRACTICE Is there a simple formula to assess the value of my practice? How do goodwill, inventory, and depreciated equipment factor into it? (Sponsored by Intervet/Schering-Plough Animal Health) December 1, 2008 By: James E. Guenther, DVM, MBA, CVPM The excess earnings concept, Excess Earning and Single Period Capitalization Methodologies, is a widely used tool to assess the value of an equine practice.

Source: PARTNERS IN PRACTICE Communicating value in difficult times (Sponsored by Intervet/Schering-Plough Animal Health) December 1, 2008 By: Karen Felsted, CPA, MS, DVM, CVPM Communication is not just verbal; your actions are also critical to getting the message across. Consider the following ways to communicate value:

Source: PARTNERS IN PRACTICE A testimony to the value of hiring technicians (Sponsored by Intervet/Schering-Plough Animal Health) December 1, 2008 By: Nick Dupont Before making a change that will affect how you do business, it is necessary to know how the technician concept will play out in reality.

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