VMC, Inc. Newsletter
Volume 1 - Issue 2 February 2005

 

In This Issue

Feature Article - Know Who You Are
by Mary Ann Vande Linde, DVM

February Practice Tip
by Mark Opperman, CVPM

February Financial Tip
by Gary I. Glassman, CPA - Burzenski & Company, P.C.

February QuickBooks Tip
by Melody Mann Fox, CPA - Burzenski & Company, P.C.

Terminology


 

Upcoming Seminars

It's What's Up Front That Counts
  • 2/6 - Richmond, VA
  • 3/6 - Walnut Creek, CA
  • 4/3 - Columbus, OH
  • 4/17 - Houston, TX
Teams That Work
  • 3/13 - Scottsdale, AZ
  • 4/3 - Indianapolis, IN
  • 4/17 - New Orleans, LA
Smart Moves For Technicians
  • 4/3 - Philadelphia, PA
  • 4/17 - Overland Park, KS


Our Personal Best XX

Can you believe it? This will be our 20th "Our Personal Best" meeting! For those of you that are not familiar with "Our Personal Best," it is a gathering of the eagles. It is when the best of the best get together for a weekend of intense practice management, networking and just plain fun. It is the only meeting where the speakers themselves put together the program so that you have the most cutting edge information. There is also plenty of time for one on one discussion with the speakers and everyone else at the conference. It is truly an awesome experience.

This year we will be holding Our Personal Best XX at the Ritz Carlton on Amelia Island. Where is Amelia Island? Off the coast of Florida. It is suggested that you fly into ???. The dates are November 4th - 6th. Mark your and we'll see you there!
Click this link for more information.


 

The monthly Financial Tip and QuickBooks Tip are courtesy of Burzenski & Company, P.C., Certified Public Accountants and Financial Consultants.
Gary I. Glassman, CPA, is a Principal with the firm. Melody Mann Fox is the Director of Client Services, Specializing in Veterinary Medicine.


 

To Contact Us:
VMC, Inc.
30792 Southview Drive
Suite 200
Evergreen, CO 80439

Phone: 303-674-8169
Fax: 303-670-3899
email: vmc@vmc-inc.com

Website: www.vmc-inc.com


Pet Dental Month

February is pet dental month, are you and your practice ready?
It is by no coincidence that February is pet dental month. Many practices slow down during the winter months although not as much as we have in the past.
With your expenses being the same and income down, guess what? Your profitability is affected. Thus target marketing, and pet dental month. In fact we normally recommend that you do a target market for senior wellness in October and November and dental target marketing in February and March.

The How To's:
In order to do an effective target market campaign, no matter what you are marketing, there must be four components: You must identify your target group, once identified you must then educate your target group about the services they need, then offer them a package of services to meet their needs and lastly, but most importantly you must provide them with an incentive to take advantage of what you are offering.

To apply these concepts to our dental target marketing program, the first thing we must do is identify our target group. I would suggest you start with all the dogs and cats over the age of four or five that have had services in the past 12 months but do not have a dental cleaning in their history. Naturally you can use your computer's search and sort capabilities to accomplish this. If the resulting number is too large you might want to increase the age of the patient. A good rule of thumb is that you should send out about 700-1,000 mailings per full time doctor.

Once you have identified your target group, the next step is to educate the target group, so how about writing up a letter explaining to people why they need to get their pet's teeth cleaned and the advantages of doing so. You might include a Dental Grading Chart and a handout on the advantages of dental cleaning, such as the one provided by CET. Once educated, the next step is to develop a package of services that will meet the patient's needs. This is the tricky part, and one that is most important.

I would suggest that you offer your clients a complimentary dental exam. This will be a technician appointment during which the technician will apply the blue disclosing dye to the pet's teeth. You can get the dye from Henry Schein or CET. If there is a significant tartar build up, this dye will turn red, which is a great "show and tell" and will inform the client that a dental cleaning is necessary. The client can then be informed that February is, of course, pet dental month and in celebration of that we are offering a complete dental package. This is where the incentive comes in. In the dental package we might offer a dental cleaning kit at no charge (tooth brush and toothpaste) or we might send the patient home with a complimentary bag of Hill's TD diet or offer the client a complimentary groom or day of boarding. As most of you know, I really try to avoid discounts because I feel that it sends the wrong message to clients. But the truth is, offering a discount on these dental services may be the most effective incentive that you can use. This is really not that bad, because your fixed costs will be the same and this is a slower time of the year. If you are going to give a discount it would be better to say that the normal cost of a dental cleaning is $150.00 However, during pet dental month we will be able to offer this service at $120.00 which is a $30.00 savings. This sounds much better than 20% off the normal cost of a dental cleaning.

Many practices are so successful at this target marketing that they need to extend the offer into March. This, of course, is a good problem to have. The bottom line is that if your practice slows down during the Fall and Winter months, you need to consider target marketing. It is a win/win situation for your practice, your clients and, most importantly, the patients we care for.

Mark Opperman, CVPM
President - VMC, Inc.

Let us hear from you - tell us what you'd like to see in future issues. You can contact us at vmc@vmc-inc.com

 
  • Feature Article - Know Who You Are
    by Mary Ann Vande Linde, DVM
 

Know who you are. These "words to live by" in your personal life are also important in your professional life. You cannot be all things to all people. It's only when you and your hospital know who you are and what you stand for that you can communicate that message clearly and effectively to your clients.

To be successful, every hospital should "brand" itself by choosing the 3 to 4 words you want clients to associate with your hospital...

  Read on...
 
  • February Practice Tip
    by Mark Opperman, CVPM
 

This month's practice tip comes to you courtesy of Mr. Phil Seibert, CVT. If you need any help with OSHA, contact Phil. He is, in my opinion, "the source." Phil also has a bi-monthly newsletter called "The Veterinary Safety & Health Digest" which is awesome. He takes all that OSHA information and explains it so it makes sense in a veterinary environment.
Phil can be contacted at:
PhilSeib@concentric.net or by phone at (423) 336-1925.

Phil's practice tip is to place a microchip scanner by your platform scale. Anytime you weigh a patient, simply run the scanner over the patient. If the pet has a microchip it will show and reinforce the client. If not, the client will ask "what are you doing?" Your response: "looking for a microchip." "Really? What is a microchip?" the client will ask and before you know it you will be implanting one in that patient. It is an awesome idea, thanks Phil!

   
 
  • February Financial Tip
    by Gary I. Glassman, CPA - Burzenski & Company, P.C.
 

Create a Sound Investment Plan
Individual investors sometimes prove to be their own worst enemy. Avoid common mistakes that could have a dramatic impact on your investment returns. To help establish a well thought out investment program, consider the following:

  • Make a plan- develop a framework to guide future decisions. It should include taking into consideration your time horizon, tolerance for risk, the amount of investable assets and future contributions.
  • Own a diversified portfolio- incorporate different asset classes and investment styles. Failure to diversify across industries and products will leave you vulnerable to price fluctuations in a particular security or sector.
  • Develop a buy and hold strategy- always better than an active trading approach. We have found it is always better to leave the investment picking to the professionals and review their performance records to determine how well they might do with your money. Remember though, that past performance is never a clear indication of future results.
  • Understand the fees and commissions that will be paid when purchasing any product or service- Nothing is for free. If they are not up front and disclose fees, there may be fees hidden as part of internal charges that affect the investment return.
  • Be realistic about investment performance- Making 20% per year and, at that, year after year may not be realistic. Learn how to review your portfolio and benchmark results to relevant indexes so you have a realistic expectation of how your portfolio is really doing.

 

   
 
  • February QuickBooks Tip
    by Melody Mann Fox, CPA - Burzenski & Company, P.C.
 

SHOULD YOU UPGRADE TO QUICKBOOKS® 2005?
QuickBooks versions of 2001 and earlier are no longer being supported by QuickBooks. Effective April 30, 2005 QuickBooks 2002 will also be included in this list. If utilizing QuickBooks for your payroll you will be forced to upgrade to the latest version. You will no longer be able to get any telephone support, data recovery, and password removal services on these versions.

Some of the 2005 improvements include easier entering of downloaded bank and credit card transactions, a new void/deleted transaction report, and a new learning center that includes tutorials on utilizing the software.

   
 
  • Terminology
 

If you have suggestions for Terminology, please submit them to us for publication.
Old Term New Term
Drop Off Day Hospitalization
Cage Occupancy Hospitalization
Re-Check Medical Progress Examination