Determining the financial performance of private veterinary practices
Determining the financial performance of a private veterinary practice requires first and foremost that a private practice be considered as a business enterprise. Veterinarians, while facing a maze of normal business problems, have for the most part neglected any type of formal financial performance analysis. The collection and summarization of financial data in the veterinary practice is an essential prerequisite for analyzing financial performance. This collection and data summarization can be amassed conveniently and concisely in three commonly used financial statements: The Balance Sheet, ...
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