Entries with the topic Getting Started.
Commit to Monthly Action - Part 1 - Review the financials your practice can currently generate
Jul 1, 2016 by Andrew Clark
Although I would like to see more people use the “comment box” functionality below each daily blog, I receive a fair number of personal emails and texts... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Getting Started ,Financial Friday
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Use Key Performance Indicators to Monitor the Health of Your Practice
Apr 17, 2016 by Edward L. Blach, DVM, MS, MBA
Portions of this article are reprinted from an article previously published by this author in Henry Schein's Animal Health Solutions and recently republished by VetAdvantage. To see the... [ Continue Reading ]
Topics: Featured 2 ,Getting Started ,Management ,Optimize Inventory and Suppliers ,Team Tuesday ,Supplier Wednesday ,Financial Friday
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Know your customers
Mar 24, 2016 by Edward L. Blach, DVM, MS, MBA
Delivering exemplary service requires knowing your customers. In order to know your customers, it is important to listen to them when you see them and to be proactive in... [ Continue Reading ]
Topics: Getting Started ,Provide Exemplary Care ,Service Thursday
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Inventory management will improve profitability
Mar 16, 2016 by Edward L. Blach, DVM, MS, MBA
Inventory management represents one of your biggest opportunities to improve profitability. Inventory and the services required to run a practice (Cost of Professional Services - COPS) represent the second... [ Continue Reading ]
Topics: Featured 3 ,Finance ,Getting Started ,Optimize Inventory and Suppliers ,Supplier Wednesday
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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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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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Question of the Week
Sep 28, 2015 by Andrew Clark
Dr Ed Blach and I have specifically designed ismypracticehealthy.com to provide simple, accessible, and searchable business education for veterinarians. We’ve received very positive reviews from many... [ Continue Reading ]
Topics: Getting Started ,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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Is My Practice Healthy?
Jul 10, 2015 by Andrew Clark
“Is My Practice Healthy?” That is a question I am asked much more often than prior to the ‘great recession’. We have developed a... [ Continue Reading ]
Topics: Finance ,Getting Started ,Management
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