The veterinary industry has certainly seen its share of ups and downs over the last few years in terms of business valuations, acquisitions, consolidations, sales, and general performance. Now that businesses are getting more accustomed to operating in an environment marked by high inflation (that’s coming down) and high interest
While digital technology has brought about significant service and operational improvements in veterinary practices, it has also resulted in a growing number of cyberattacks and threats. Breaches can result in everything from all your data being eliminated to confidential financial information about pet owners being released into the dark web.
Last updated on December 22nd, 2023Whether you are five years or 35 years away from retirement, understanding the long-term options for your business should guide the strategies and actions you take today. No doubt, the most lucrative opportunities rest with selling to corporate consolidators. It’s estimated that about 25% of
Last updated on November 17th, 2023Have you been thinking about purchasing new or used medical equipment to enhance your veterinary services? How about upgrading technology and software or updating your facility and equipment? With end of year approaching, you have limited time left to consider whether to purchase, lease, or
Last updated on October 25th, 2023A budget can significantly reduce the stress associated with running a veterinary practice – especially during uncertain economic times – by helping you evaluate performance, set goals, measure progress, and make informed short- and long-term decisions and plans. With a budget, you can proactively manage
It’s a catch 22. You need to expand your staff to increase income, but additional labor costs have the potential to cut into profits and cash flow. There is an option: complement your recruiting plan with a proactive business plan to manage the impact of potential labor cost increases. Let’s
Last updated on June 19th, 2023While working hard to keep your animal clients healthy and their owners happy, remember, there’s one more contingent you need to take care of – you and your team. The toll the veterinary industry is taking on providers is shocking. Suicide, mental health issues, established
Last updated on May 22nd, 2023As an owner and/or manager of a veterinary practice(s), the last thing you need is to add a growing list of IT responsibilities to an already full workload balancing the talent shortage, ever-changing customer demands, and a wonky financial environment – not to mention taking
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- 2024-2025 NYS Regents State Aid Proposal: The Top 10 Line Items for New Funding
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