Entries by Edward L. Blach, DVM, MS, MBA.

Veterinary Research funding changes

Sep 30, 2015 by Edward L. Blach, DVM, MS, MBA

Academic veterinarians indicated that there were three different groups relative to research funding:   There was an increase in the number who reported a decline in research funding from 2007 to 2012. ... [ Continue Reading ]

Topics: Finance

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Merck-Henry Schein National Equine Veterinary Economic Study - Release 1, Discussion 3

Sep 14, 2015 by Edward L. Blach, DVM, MS, MBA

The third release of results and discussion about the Merck-Henry Schein National Equine Veterinary Economic Study was released today.  The study was conducted with support from the American... [ Continue Reading ]

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Finding Opportunity II

Sep 10, 2015 by Edward L. Blach, DVM, MS, MBA

Additional support for finding opportunities comes from practice owner respondents to the Merck-Henry Schein National Equine Veterinary Economic Study, who rated the areas of practice that they believed held the... [ Continue Reading ]

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Finding Opportunity

Sep 2, 2015 by Edward L. Blach, DVM, MS, MBA

Results of the Merck-Henry Schein National Equine Veterinary Economic Study contained a chart that shows the percentage of revenue generated in respondent practices by specific practice activities or services.  ... [ Continue Reading ]

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Merck-Henry Schein Study Release 1 Discussion 2

Aug 31, 2015 by Edward L. Blach, DVM, MS, MBA

The second discussion regarding the Merck-Henry Schein Study has been released and is available in the Document Library at ismypracticehealthy.com (IMPH).  This discussion provides an executive summary that... [ Continue Reading ]

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Be Proactive in Managing Staffing Levels

Aug 19, 2015 by Edward L. Blach, DVM, MS, MBA

In most businesses, labor costs are the largest expense.  In Veterinary Practice, that is true in most practices.  In the Merck-Henry Schein National Equine Veterinary Economic Study, it... [ Continue Reading ]

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Economic Rebound in Equine Practice is Real

Aug 14, 2015 by Edward L. Blach, DVM, MS, MBA

The Merck-Henry Schein National Equine Veterinary Economic Study collected data from members of the American Association of Equine Practitioners for the years 2007 through 2012.  There was strong evidence that the... [ Continue Reading ]

Topics: Finance ,Management

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Question of the Week: What is a good target percentage for ‘Gross Profit’?

Aug 1, 2015 by Edward L. Blach, DVM, MS, MBA

Reader question of the week:  What is a good target percentage for ‘Gross Profit’ (referring to the IMPH Data Dashboard)? One member asked the question, “What... [ Continue Reading ]

Topics: Finance ,Getting Started ,Management

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Merck-Henry Schein National Equine Veterinary Economic Study

Jul 16, 2015 by Edward L. Blach, DVM, MS, MBA

Merck Animal Health - Henry Schein Animal Health National Equine Veterinary Economic Study Overview There is a general lack of quality equine veterinary economic data available with which to assess... [ Continue Reading ]

Topics: Management

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Welcome to Ismypracticehealthy.com

Jul 1, 2015 by Edward L. Blach, DVM, MS, MBA

Welcome to Ismypracticehealthy.com. (IMPH) As we all know, veterinary medicine has undergone many changes over the past few years.  The marketplace has become much more competitive, there is... [ Continue Reading ]

Topics: Getting Started ,Management

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