Entries by Edward L. Blach, DVM, MS, MBA.
Five areas to focus
Dec 10, 2015 by Edward L. Blach, DVM, MS, MBA
From the Merck-Henry Schein Study, significant opportunities exist in five areas to focus management efforts to improve profitability and practice value including the following: improve team management including proactively managing... [ Continue Reading ]
Topics: Build and Lead Your Team ,Finance ,Getting Started ,Management ,Optimize Inventory and Suppliers ,Provide Exemplary Care ,Sales and Marketing
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Prepare for 2016
Nov 17, 2015 by Edward L. Blach, DVM, MS, MBA
As 2015 comes to a close, we need to look forward and take steps to prepare for 2016. Proper planning and preparation now will improve your likelihood of achieving your objectives... [ Continue Reading ]
Topics: Featured 2 ,Build and Lead Your Team ,Finance ,Management ,Provide Exemplary Care
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Merck-Henry Schein Study - Management Practices Provide Opportunities to Grow
Nov 9, 2015 by Edward L. Blach, DVM, MS, MBA
Implementing some simple management practices provides significant opportunities for growth. Release 5 of the Merck-Henry Schein Study is a brief discussion of some of the opportunities identified in the Merck-Henry... [ Continue Reading ]
Topics: Administration ,Management
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Why should I manage inventory?
Oct 28, 2015 by Edward L. Blach, DVM, MS, MBA
It is easy to say, 'manage your inventory'. But what is the true impact of doing so? In many veterinary practices, inventory as a percent of revenue (inventory... [ Continue Reading ]
Topics: Management ,Optimize Inventory and Suppliers
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Manage Your Inventory
Oct 21, 2015 by Edward L. Blach, DVM, MS, MBA
According to responses from practice owners in the Merck-Henry Schein Study, only 32% of practices utilized inventory management routinely to enhance their practice. Inventory is one of the highest contributors... [ Continue Reading ]
Topics: Management ,Optimize Inventory and Suppliers ,Supplier Wednesday
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Lock Your Pharmacy
Oct 14, 2015 by Edward L. Blach, DVM, MS, MBA
The Cost of Professional Services of which Inventory Costs are the largest contributor, is the second highest expense area for most veterinary practices. Yet, in the Merck-Henry Schein Study,... [ Continue Reading ]
Topics: Finance ,Getting Started ,Management ,Optimize Inventory and Suppliers
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Merck-Henry Schein Study - Management Practices in Use
Oct 12, 2015 by Edward L. Blach, DVM, MS, MBA
The Merck-Henry Schein Study was conducted to provide insights into the economic situation from 2007 through 2012 with equine practices. Four hundred ninety-seven respondents provided feedback. In addition, the results... [ Continue Reading ]
Topics: Administration ,Finance ,Getting Started ,Management
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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 ]
Topics:
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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 ]
Topics:
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