Business Advisory and Strategy for Veterinary Practices

Veterinary practices run on the strength, skill, and compassion of their teams. Your staff from receptionists to veterinary technicians to kennel assistants are the lifeblood of the practice. Without them, delivering exceptional patient care and building lasting client relationships would be impossible. In an industry grappling with high turnover, burnout, and a shortage of skilled…

When it comes to veterinary practice management, understanding revenue and expenses is important, but it’s not enough. Many practice owners assume that if they are profitable on their P&L (profit and loss), they must have healthy cash flow, but unfortunately, this is not always true. Cash flow forecasting is a vital tool that goes beyond…

Cash Basis- follows the flow of cash so expenses are deductible when paid and income is reportable when constructively received. Accrual Basis – matches revenue and expenses as expenses are deductible when incurred and revenues are reportable when earned even if not received.  Accrual basis businesses: Ultimately the basis of accounting influences when income and…

Owning a veterinary practice often starts with a love for animals and a passion for medicine. However, as your practice grows, the reality sets in that you’re not just a veterinarian, you are also a business owner. To truly succeed, you need to make a critical mindset shift and run your practice like a CEO….

When most veterinary practice owners think of their CPA, they think “tax season.” Maybe you scramble to get your financials in order once a year, send them off, and breathe a sigh of relief when your tax return is prepared and filed, but what if your accountant could be doing much more for your practice…

When it comes to veterinary practice ownership, most veterinarians are deeply passionate about medicine, but are less excited about business planning. Traditional business plans can feel overwhelming, dry, and disconnected from the day-to-day realities of running a veterinary practice. However, a business plan doesn’t have to be complicated or gather dust on a shelf. A…

Running a successful veterinary practice isn’t just about providing excellent medical care, it is also about keeping a close eye on the business side of operations. One of the best ways to do that is by regularly monitoring key performance indicators (KPIs) tied to your Profit & Loss statement and Balance Sheet. These KPIs help…

Owning and operating a veterinary practice is one of the most rewarding careers out there, but it’s also one of the most stressful. It’s easy to feel stretched thin juggling patient care, client relationships, team management, and business demands. While all practice owners focus heavily on patient care many are challenged by financial success. A…