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This 2 week course is designed to help management staff members understand how revenue is generated as active or passive income and how expenses and revenue determine profitability. |
Upon completion of the course, the student will be able to:
- describe the sources of revenue in your hospital
- understand the difference between active income and passive income
- give examples of veterinary products and services that generate active and passive income
- understand the important role members of the veterinary health care team play in generating passive income
- recognize the importance of delegation in generating passive income
- appreciate the critical importance of passive income to overall hospital productivity
- understand cost behavior in small animal veterinary practice (e.g. fixed costs, variable costs, etc.)
- name common variable expenses in a small animal practice
- list common fixed expenses in a small animal practice
- appreciate the implications of a fixed-cost business
- grow your way to higher profits, and more income for the doctor(s) and other health care team members
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Some of the topics covered include active and passive income, understanding cost behavior, and variable expenses.
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... This instructor is by far the best I have had a course with. She is timely with her input and pushes you to think.
... The explanation of costs both fixed and variable and how those costs may effect the practice was extremely helpful!
... I liked the examples. It helps relate it to your own job/practice.
... I found that assignment 1 in module 1 was the most beneifcial. It made me take the time to learn what areas my clinic needed changes and improvements.
... Very informative....not just easy CE, I actually learned something this time.
... I really liked the content of this course. It is something that I can use in my practice and I have a better understanding of ways to control income. Reading the postings of the other students and the feedback from the instructor was very interesting as well. I picked up a lot of good ideas that I hope to implement in my practice.
... the assignments were great because you had to apply what you learned!! it really helped. |
VetMedTeam courses are asynchronous - they do not contain real time components. Students log in while a course is in session at times convenient to personal schedules. |
- Participation in instructor lead topics for each of the units
- Grade of 80% or better on the final exam
- Submission of the course survey
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This course is appropriate for any member of the veterinary practice team who seeks to have a greater understanding of the topics covered. |
This course is applicable for 5 CE credits toward the continuing education requirement for the Certified Veterinary Practice Manager program offered by the Veterinary Hospital Managers Association (VHMA).
VetMedTeam does not submit management courses to RACE as this organization is structured to provide credits for medical/clinical course, behavior related courses, and other similar topics. Also, most states severely limit or decline the use of management topic credits for veterinary or technician license renewal.
Instead, VetMedTeam submits management and customer service related courses to the VHMA for review and approval. CVPMs (Certified Veterinary Practice Managers) and CVPM candidates may use our VHMA approved courses for required CE credits for either sitting the examination or maintaining certification. |
Fritz Wood, a Certified Public Accountant and Certified Financial Planner with contributions by Katherine Dobbs, RVT, CVPM. |
| Christy Mansis, CVT, CVPM |
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Christy started her pursuit of a career in veterinary medicine at Oakhurst Veterinary Hospital in 1986 and obtained her AS degree in Veterinary Technology from St. Petersburg College and CVT status in 1988. After many (many!) years of patient care and under the guidance of her employer and mentor, David Tollon, DVM, she took an interest in management and was among the first class to complete SPC’s Veterinary Hospital Management certificate program in 1997. Christy gladly stepped up to the role of practice manager in 2001 and hasn’t looked back since. She achieved her CVPM status in February 2006.
Christy lives in Seminole, Florida with her husband Keith and son Cody. She has a yellow lab (Crew), a golden doodle (Chum), a blue and gold macaw (Skyler), five kitties (Andy, Todd, Oliver, Wally and George) and a bearded dragon (Bud). She enjoys cooking, reading and spending time with her friends and family.
Christy’s motto: Those who abandon their dreams will discourage yours!
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| In addition, you many use your MERIAL® Rewards Visa® Prepaid Card to pay for courses. If you are not enrolled in the MERIAL Rewards program, ask your Merial Sales Representative or call 1-800-307-7000. If you do not have enough points and wish to supplement your payment with another card, please write to CE@VetMedTeam.com. |