AAHA Press Excerpts

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How can we keep better inventory on injectable drugs?

The following is excerpted from  101 Veterinary Inventory Questions Answered, by  James E. Guenther, DVM, MBA, MHA, CVPM.  More information on this product can be viewed  here.Every veterinary practice must keep accurate inventory records on its injectable drugs. One of the first criteria to be decided is how use of the product will be tracked. This is where practice management software becomes valuable. Start by entering the product when it arrives and use...

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Setting and Agreeing on a Price of an Associate Buy-In

The importance of negotiating a fair price for the practice in a buy-in situation cannot be overstated. If the practice is overpriced, the buyer may not be able to make the payments and may end up feeling victimized by the seller. If the practice is underpriced, the buyer will get a windfall that fails to reward the seller for the efforts and resources that went into making the practice successful. Negotiating a price may be the most critical part of designing and implementing a successful...

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Financial Planning Case Studies

By now, you are probably thinking about pretty important issues having to do with your finances. We have discussed basic financial planning concepts that relate to your life in general and as a veterinarian specifically. In this chapter we will move into some case studies so that you can see examples of how these concepts might be put together in a practical way. The veterinarians in these case studies are fictional. But they are based on the situations of some of the many...

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Sneak peek: Tips to help your practice succeed

Want to save money, bond with clients, boost employee morale, and improve efficiency in your practice? Implement winning ideas from the top accredited hospitals in North America with the latest title from AAHA Press: Be a Champion: 80 Tips to Work Smarter, Save Money, and Show the Love to Clients and Pets.Learn tips and tricks from real hospitals, gathered from AAHA Practice Consultants out in the field:43rd Avenue Animal Hospital in Glendale, Arizona recycles a common veterinary...

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Selling your practice? Know these accounting terms

The following is excerpted from Selling Your Veterinary Practice, by Lorraine Monheiser List, CPA, CVA and Glenn Hanner, CPA.CITP, CVA, CGMA. More information on this product can be viewed here.Selling your veterinary practice is likely the largest monetary transaction you'll make in your lifetime. It's a complicated and time consuming task. From getting the best valuation of your practice, understanding all the legalities and taxes, to dealing with the emotional aspects of selling and...

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Medications that may affect canine medical massage outcomes

The following is excerpted from Canine Medical Massage: Techniques and Clinical Applications by Narda G. Robinson, DO, DVM, MS, FAAMA, and Shelley Sheets, BA, CMT, CAMT With Stacey Oke, DVM, MSc. More information can be found here.The acceptance, use and understanding of the many benefits of canine massage are more prevalent than ever. However, as this practice becomes more common, it's not just important to know what the benefits are, but also what factors you should consider that may...

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Cash-basis accounting versus accrual-basis accounting for your veterinary practice

The following is excerpted from AAHA Chart of Accounts, Third Edition. More information on this product can be viewed here.There are two methods commonly used for reporting revenues and expenses within a practice. These are cash-basis and accrual-basis accounting (also referred to as cash method and accrual method, respectively). With cash-basis accounting, a practice records revenues when cash is received, regardless of when the service was rendered or the product was sold....

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Verbal and Nonverbal Communication During the OFFICE Call

Communication is typically divided into two main components: verbal and nonverbal. Simply stated, verbal communication is all about what is said out loud and focuses on the what and how of information that is shared, including not just the words but also the tone, warmth, and use of silence. Nonverbal communication consists of all the other stuff: body language, physical distance, gestures, facial expressions, and so on.Separating verbal and nonverbal communication is...

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