Mar
13
2018

Money. It’s as important to your practice as the care you provide. In order to keep the doors open, every practice owner and manager needs to have a fundamental understanding of the financial factors and benchmarks that help a veterinary hospital thrive.

It’s no secret: A healthy practice needs a healthy bottom line to succeed, and if you’re intimidated by financial analysis and ratios, you likely have a financial manager who monitors the fiscal aspects of your hospital and understands that healthy finances mean more than having money in the bank.

Available finances alone do not reflect changes necessary to improve performance and maximize success. Analyzing financial performance includes keeping an eye on practice assets, liabilities, revenues, and expenses, as well as monthly reports to gauge performance indicators.

Monitoring these factors will help you get an accurate picture of where your practice stands—and you don’t have to be a financial expert to understand and interpret these indicators to make positive changes in your practice right away.

Ready to learn the basics? Financial Management of the Veterinary Practice is anall-in-one resource that helps practice owners and managers attain a sufficient level of understanding of the financial aspects of running a veterinary business. Filled with charts, checklists, examples, and sample reports, you’ll have the necessary tools to gain a working knowledge of financial aspects needed for practice success.

Stop being intimidated by practice finances and get the knowledge you need to help your practice succeed. Order your copy today at aaha.org/financial_management.

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