Practice Ownership and Management

Catalog description

This course intends to teach essential concepts of establishing and managing a veterinary practice by pairing classroom deliveries with guided exercises exploring realities of veterinary practice. Topics include practice ownership models and pathways, types of business organization, business ownership, financial and organizational management, operational strategy and efficiency, market analysis, services and fee structures, asset needs, decisions on capital and funding for equipment / facilities, leverage, capital expenditure analysis, time value of money, management of human capital, interpersonal communication, business implications of the veterinary medicine landscape, business and personal risk management, leadership, and practice value creation. Accounting and Inventory Management course is a prerequisite.