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Sep 25, 2020 · Group purchasing organizations (GPOs) help member organizations save money on the purchase of drugs, medical supplies, and other items by aggregating purchasing volume to negotiate discounts with vendors.
Oct 1, 2014 · First-time buyers can easily become overwhelmed by all there is to learn about ownership and its requisite responsibilities. However, experts in veterinary practice transactions agree on a few basics. For one, potential buyers need to have their financial house in order.
- Swinging of The Pendulum
- Deciding Factors
- Options to Consider
- Motivation Beyond Money
- Related JAVMA Links
For one thing, owning a practice is more difficult than it used to be 10 or more years ago, according to Dr. Karen E. Felsted, treasurer of the VetPartners association of practice consultants and president of Dr. Felsted Veterinary Consulting. Troubling signs emerged in the early 2000s. That was the start of clients visiting practices less frequent...
Dr. David King, charter member of VetPartners and owner and president of Simmons Southcentral, says the categories that affect a practice’s desirability are profits, location, growth, and transition of goodwill. A potential new category may be the type of practice. Buyers have increasingly been shying away from mixed animal and large animal practic...
While buyouts may be the most common route to practice ownership, associates have other options to consider. Dr. King recommends buy-ins, or owning a certain stake in the practice, for “someone who wants to be an owner but doesn’t have the skill set or confidence to be a 100 percent owner out of the gate.” “The person (buying in) is essentially get...
Notwithstanding all the financial benefits that can come with owning a practice, McCormick says it’s important to note that veterinarians who go into ownership for money alone don’t last. “You have to want to be an owner. That entrepreneurial spirit about wanting to build something bigger than themselves. Because it’s not a 9-to-5 job. When pipes b...
Corporate practice becomes part of the landscape(Dec. 15, 2011) The economic state of small animal practice(May 15, 2010)
Strengthen the veterinary team-client partnership. The Positive Pet Care Guide and Effective Equine Care Guide, developed through industry collaborations, help veterinary practices foster healthy communication and strong partnerships with clients.
Ohio’s trusted source of veterinary and animal information, the OVMA is a community of more than 2,500 veterinarians across the state, working together to help both animals and people.
Aug 2, 2022 · The AVMA Convention brings together veterinary industry professionals, veterinary students, and veterinary technician students. Attendees will get an opportunity to network with colleagues, and discover products and services that will enhance their veterinary career.
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The AVMA represents the interests of veterinarians through strategically targeted advocacy in Congress, with regulatory agencies, and before the courts. At the state level, we work as trusted partners to complement the advocacy work of state veterinary medical associations.
