[slideshare id=5557565&doc=newwaystomanageyourvetpracticewithfinancials-101025131336-phpapp02]

Presentation Outline:

  • Who to Blame
  • Old Ways
  • Basic Ways
  • Key Performance Indicators
  • Practice Dashboards
  • Balanced Scorecards
  • Financial Strength Index

Impact of numbers on financial planning

  • best and worst practices

Organizing and processing information to improve business strategy

  • finance tracking, metrics, tools and methods

Applying basic accounting principles to your veterinary practice

  • how to best handle your finances to keep your business thriving
  • tools to use : Quickbooks, AAHA chart of accounts balance sheet, benchmarking, dashboards & visual analysis of data
  • Key performance indicators for veterinary practices

Industry similarities and overlaps in terms of finance issues and handling

(dentistry, veterinary, medical, small business, finance)

“Scoreboards”
4 views:

  • Learning and growth perspective
  • Veterinary practice process perspective
  • Customer perspective
  • Financial perspective

“Financial strength index”

4 key drivers are:

  • profit (total margin)
  • liquidity (days cash on hand),
  • financial leverage (debt to total assets), and
  • age of physical facilities (accumulated depreciation percentage)