This episode highlights the ins and outs of navigating financial reports. For practice managers, understanding the numbers that drive your practice is essential for making informed decisions and ensuring financial success. Most managers have a favorite report, budget, profit and loss statement, KPI, etc. while others just go by a checking balance that “looks good.” Whatever your favorite report is, they are all important and every report has a story to tell.
Podcast guest Mira Johnson, a certified public accountant (CPA) and CVPM, shares her knowledge and expertise in veterinary practice management. As a “numbers girl” she shares the important things to remember when navigating financial reports. Mira delves into the importance of weekly reconciliation and ensuring that all data is readily available for assessment. Open-book management is discussed and how understanding key financial metrics, such as the break-even point, can empower practice owners and managers to make important decisions.
This audio podcast series features insightful commentary and discussions facilitated by practice managers who have tackled real-life management issues…the ones keeping them up at night! The issues are topical, relevant, and universally shared by other managers. Tune into these engaging and educational presentations and find guidance, inspiration, and support.
Produced monthly by VHMA, hosted by Debbie Hill, CVPM, SPHR, SHRM-SCP, these podcasts will expose listeners to new ideas and practical strategies and solutions that managers---relying on their expertise, experience, and creativity--have adopted to move the practice forward.
To listen, visit the VHMA website or wherever you listen to podcasts
Original Post
March 4, 2024
