No Margin, No Mission: Why Financial Management Matters in Veterinary Medicine

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Free for Elite Members

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October 2024

In this VETgirl video, Stith Keiser, CEO of Blue Heron Consulting, tackles why financial management matters in veterinary medicine in this first VETgirl video series on financial management. Financial management is about doing the right things to grow topline revenue and then being stewards of the revenue once it arrives. Profitability allows owners to reinvest in the veterinary team, into the hospital, into patient care, and it also allows owners to reinvest in themselves. For the remainder of this financial management VETgirl series, we will take a “deep dive” into many financial KPIs – what they tell us, why they’re essential, and some strategies to influence them.

Resource:

American Animal Hospital Association. Stay, please: A challenge to the veterinary profession to improve employee retention. Published February 16, 2024. Available at https://www.aaha.org/resources/white-paper-factors-that-support-retentionand-drive-attrition-in-the-veterinary-profession/. Accessed September 5, 2024.

Worried you missed something? Catch the full series of Blue Heron Consulting videos HERE!

Blue Heron Consulting is the nation’s leading veterinary consulting team. With a mission to improve the lives of veterinary professionals, they provide veterinary-specific solutions to practice owners, veterinarians, managers, industry leaders, and their teams. At their core is an experienced team that works to amplify strengths, elevate care, remove workflow gaps, create a culture of leadership, and promote sustainable profitability – all while keeping your definition of success at the center of everything they do. To learn more or schedule a conversation, visit www.bhcteam.com.

Please note that the opinions in this video are expressed by the speaker and not directly endorsed by VETgirl.

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