A veterinary practice is two businesses in one set of books, and inventory is what separates them.
Veterinary practices run professional services and retail simultaneously, carry more inventory than any other practice vertical, collect at the counter rather than through receivables, and operate in the most consolidated segment of practice healthcare. Each of those changes what the accounting has to do, and the inventory question alone puts the vertical beyond a standard setup.
Looking for how we work with veterinary practices rather than the underlying mechanics? Veterinary practices →
The guides
Collecting at the counter and still leaking revenue
Missed charges, prescription capture, declined estimates, the leaks with no aging report to point at them.
Cash FlowYour cash is sitting in the pharmacy
Inventory as the largest working capital position, wellness plan obligations, and the seasonal shape.
ProfitabilityTwo margins, one practice
DVM production against compensation, inventory margin by category, ACT, and technician leverage.
Deferred RevenueWellness plans are twelve months of care owed
The monthly-billing trap, front-loaded service delivery, and why buyers examine the unearned balance.
Finance RolesWho you actually need, and when
Bookkeeper, controller, or CFO, and why inventory handling is the disqualifying question.
Growth & Sale ReadinessThe widest valuation spread in practice healthcare
3.5x to 6x against 12x to 15x, the current demand picture, and the path between them.
The veterinary toolkit
The checklists we actually use, what we ask for at intake, and what we check every month. Published in full, downloadable as Word files.
Diagnostics
General information for practice owners, not accounting, tax, legal, valuation or investment advice for your situation. MedPraxis CFO is not a CPA firm, a registered investment adviser, or a business broker. Talk to your own CPA, attorney or adviser before acting on anything here.