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VHMA Webinar: Managing Financial Risks
VHMA Member Price: $0; Nonmember Price: $39
When it comes to best practices for veterinary practice management, much of it centers on managing financial risk. But how do veterinary hospitals do that in today’s economy, with inflation, labor shortages, and full appointment books? In this webinar, Terry O’Neil, CPA, CVA, from Katz, Sapper & Miller, will share his insights on how veterinary hospitals can prudently manage their finances in a challenging economic environment. Topics include budgeting (including budgeting for raises), fee increases tied to raises, internal controls, and conducting a break-even analysis.
Please do not sure the resource (slides) provided by Terry O'Neil
Original Recording:
Thursday, August 17, 2023
1:00 PM-2:00 PM Eastern
Credit
CEU1:1.0
Description
Speaker: Terry O'Neil, CPA, CVA
Terry O’Neil is the partner-in-charge of Katz, Sapper & Miller’s Veterinary Services Group. With over 30 years of experience, Terry helps veterinary hospitals grow by providing them business, financial, and tax advice. He helps clients determine growth strategies, effectively manage labor and expenses, identify and manage operational efficiencies, improve profitability, and ensure their hospital is financially sound. Additionally, Terry specializes in the acquisition or sale of veterinary hospitals, buy-sell agreements, and business valuations.
Terry is also responsible for the management of the Veterinary Study Groups’ database of veterinary hospital financial data for over 600 hospitals across the country, allowing KSM to identify key industry trends and opportunities. Terry often speaks at conferences regarding profit improvement, veterinary business valuation, succession planning, financial benchmarking, and otherbusiness topics.
In addition to representing numerous veterinary medical practices over the last 30-plus years, Terry was previously the CFO for a group of eight veterinary medical practices and was a stakeholder in the business. He was also a regional financial analyst for a national veterinary medical practice. Terry assisted with the sale, purchase, integration of new acquisitions, and thepreparation of regional and national budgets. His work as a CFO and with the national organization allowed Terry to gain valuable insight on how the private and public veterinary medical practices operate.
Terry is also responsible for the management of the Veterinary Study Groups’ database of veterinary hospital financial data for over 600 hospitals across the country, allowing KSM to identify key industry trends and opportunities. Terry often speaks at conferences regarding profit improvement, veterinary business valuation, succession planning, financial benchmarking, and otherbusiness topics.
In addition to representing numerous veterinary medical practices over the last 30-plus years, Terry was previously the CFO for a group of eight veterinary medical practices and was a stakeholder in the business. He was also a regional financial analyst for a national veterinary medical practice. Terry assisted with the sale, purchase, integration of new acquisitions, and thepreparation of regional and national budgets. His work as a CFO and with the national organization allowed Terry to gain valuable insight on how the private and public veterinary medical practices operate.
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