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

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 ]

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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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