Accelerate Your Path to Practice Ownership
How We Support Our Veterinary Practices and Partners
Want to be a practice owner with an experienced partner? We offer practice ownership to entrepreneurial veterinarians motivated by leadership and growth. We partner with DVMs in existing practices, start-up practices and acquisitions of new practices.
This is what Vets Pets does best:
Customized leadership and mentorship for veterinarians and practice managers, including:
- Expansion or addition of new services and products (Dental x-ray, ultrasound, acupuncture, grooming, wellness plans, new surgical procedures)
- Operational efficiency and process (time management and segregation of responsibilities for team members; evaluating and implementing new technology)
- Navigating and developing key relationships (colleagues, clients, teams, etc.)
- Setting and managing goals and progress for individuals and their practice
- Establishing and meeting financial and performance goals
- Discussing and resolving issues (client complaints/issues, medical issues, team conflict or drama, competition, culture issues, etc.)
Human Resources:
- Payroll
- Recruiting / new hire processing (job postings, background checks, new hire paperwork)
- Employee relations advice, support and mentorship
- Health Insurance, 401(k), workers compensation insurance administration
- Policies, procedures and forms for training, reviews, disciplinary actions, etc.
- Department of Labor, Affordable Care Act and other regulatory annual filings
Operations Management:
- Practice oversight provided by Vets Pets’ Medical Directors and Operations team
- Frequent calls and meetings between Vets Pets management and practice leadership
Information Technology:
- Practice management software set-up or changes
- Management of third-party vendor relationships for hardware and networking
- Resources for new communication platforms implementation and management
Purchasing:
- Assistance with tag system and inventory management
- Competitive distributor contract pricing for medicine, supplies and equipment
- Competitive commercial lab contract pricing
- Online Staples account for office supplies
- Relationships and contacts with vendors for all needs
Accounting:
- Policies and procedures for end of day processing, accounts receivable, etc.
- Invoice entry and bill payment
- Monthly financial statement preparation
- Expense management
- Monthly sales tax payments
- Oversee tax preparation and payments
- Issue 1099s for contract labor
- Annual third party CPA firm conducts financial Audit
Finance:
- Reporting and performance analysis
- Monthly doctor production calculation
- Cash management and budgeting
- Lender relationships for loan needs and processing
Marketing:
- Website design and creation
- Reminder set-up and management
- Pricing
Facilities:
- General maintenance
- New construction
- Renovations
- New site selection and development
Taking the Next Step
If you’re interested in working with Vets Pets, let’s start a conversation. We enjoy speaking with veterinarians who are interested in joining an existing practice, selling their practice, entering a practice partnership / co-ownership opportunity or starting a completely new practice.
Let us know how we can help you create your ideal partnership and we’ll be in touch with you to schedule a formal introduction.