Experiencing an internal or external theft or significant loss of controlled substances from your practice can elicit all types of emotions; from anger, to fear to betrayal. It’s hard to imagine how you can find the time or resources to deal with a controlled substance issue, when you must manage your practice, see patients, perform surgery and deal with HR issues all day long.
Do you know how much daily revenue your veterinary practice is losing? Do you know how to fill those revenue gaps? The economics of a veterinary practice can be difficult to understand, but a simple metaphor helps us better understand ways to increase profitability. Think of the size of your veterinary practice as a bucket, the hose filling the bucket as revenue, and the ladles removing water from the bucket as costs.