We deliver
information veterinarians need to get control of their clinic’s financials and
maximize profitability and productivity.
If all you had to do to succeed was treat animals then every veterinary practice
would be a gold mine. The reality is a veterinary practice is complex;
veterinarians have to deal with everything from never-ending staffing issues to
trying to figure out what services and products are profitable, with each issue
having a direct impact on the bottom line.
Here are some of the ways we can benefit you and your practice:
INDUSTRY BENCHMARKS
We specialize in getting your practice financial reporting under control, giving
you powerful information tools for sound decision making. Our accounting team
analyzes the financial reports and explains what it all means and what changes
to make to achieve greater profitability and smoother operations. We evaluate
your practice financial reports against industry benchmarks. By going beyond the
numbers we build sound veterinary practices that meet the financial goals of our
clients.
FINANCIAL ANALYSIS & CONSULTING
Determine the meaning of the financial statements and take actions to capture
opportunities and avoid costly mistakes
>Monthly
or quarterly discussion of what the financial statements really mean
>Pricing
analysis to see if you are leaving money on the table
>Industry
comparison showing how you are doing compared to clinics
regionally and nationally
>Establishing
a budget to give you control of overhead expenses
>Inventory
management to improve ROI
DECISION ANALYSIS
Discuss decisions that can impact your income and future
>Entity
selection
>Marketing
>Partnerships
>Loan
application preparation
>Analyze
financing options
>Financing
retirement
>Feasibility
analysis of major equipment purchase/lease
>Buy/build
analysis of facilities
>Due
diligence of clinic acquisition or merger
>Exit
strategies
COMPLIANCE
Meet governmental reporting requirements
>Sales
tax
>Payroll tax
>Income
tax
ACCOUNTING & BOOKKEEPING
Gather information for key financial reports to keep your practice on track. We
work with most practice management systems
>Bookkeeping
>Preparation
of financial statements (following AAHA guidelines)
CLINIC ISSUES
Get your clinic’s operations functioning smoothly
>Separation
of duties to limit any one employee’s access to financial matters
>Establish
sound financial policies and procedures to assure secure,
complete and accurate information
>Training
of staff on proper financial transaction processing, record keeping
>Establish
medical standards of care
>Staff
compensation and benefits
>Secret
shopper and marketing analysis