Vet360 Vol 4 Issue 3 June 2017 Vet360 - Page 5

BUSINESS or her production. Due to the potential monthly vagaries of the wellness plan, how much the associate produces ver- sus what the client actually pays can vary widely. How does the practice owner reconcile these numbers in an equitable way? The answer to this will determine just how desirable a workplace your practice is for future associates—which can influence a potential buyer’s interest. ty of potential buyers to choose from. On the other hand, a practice that uses this operational model may, justified or not, frighten off some potential buyers, in- cluding corporates. MediWallet Which leads us to our final question … VETERINARY FINANCE 6. Is there a stigma attached to wellness plans? Along those same lines … 5. Do wellness plans make your practice less desirable to a potential buyer? If there was one, it appears to be dissipating. In the end, high-quality medicine, satisfied clients, a happy staff and healthy profits ought to be the goals of every well-balanced practice owner. Operationally, how he or she gets there should be considered secondary. GROW YOUR PRACTICE WITH MEDIWALLET VETERINARY FINANCE Opinions seem to differ on this question. As in real estate, a home with a swimming pool can eliminate certain buy- ers from the market and seal the deal for others. A well- ness-plan-driven practice has the same potential. On the one hand, a healthy, profitable practice should have plen- MediWallet MediWallet MediWallet VETERINARY FINANCE MediWallet VETERINARY FINANCE Tom McFerson, CPA, ABV, is partner at the veterinary accounting firm Gatto McFerson in Santa Monica, California. REDUCE YOUR BAD DEBT With more people unable to afford unex- pected veterinary costs, MediWallet pro- VETERINARY FINANCE vides your customer with an easy method IMPROVE to finance their purchase in your practice. YOUR CASH VETERINARY FINANCE GROW YOUR PRACTICE WITH MEDIWALLET VETERINARY FINANCE GROW YOUR PRACTICE WITH MEDIWALLET VETERINARY FINANCE FLOW GROW YOUR PRACTICE WITH MEDIWALLET VETERINARY FINANCE BENEFITS: YOUR BAD DEBT VETERINARY FINANCE GROW WITH MEDIWALLET GET YOUR PRACTICE REDUCE • We take your bad debt BAD DEBT With more people unable to afford unex- REDUCE YOUR SETTLED pected veterinary costs, MediWallet pro- • We settle you weekly vides your customer an easy method REDUCE YOUR DEBT WEEKLY IMPROVE With with more people unable BAD to afford unex- Higher invoice to finance their • purchase in your practice. value YOUR CASH pected veterinary costs, pro- With more people unable MediWallet to afford DEBT unex- FLOW REDUCE YOUR BAD • No integration cost vides your customer with an easy method IMPROVE BENEFITS: pected veterinary costs, MediWallet pro- • SMS Pre-Approval within seconds With more people unable to afford unex- NO to finance their purc hase in your practice. YOUR CASH GET vides your customer with an easy method IMPROVE • We take your bad debt • Established client base SETTLED pected veterinary costs, MediWallet pro- BAD DEBT FLOW to weekly finance their purchase in your practice. YOUR CASH • We settle you WEEKLY vides value your customer with an easy method IMPROVE • Higher invoice FLOW integration BENEFITS: to cost finance their purchase in your practice. YOUR CASH • • No SMS Pre-Approval within seconds NO GET FLOW • Established client base BENEFITS: BAD DEBT • We take your bad debt SETTLED GET We settle your you bad weekly • • We take debt BENEFITS: WEEKLY SETTLED Higher invoice value GET • • We settle you weekly WEEKLY • We take your bad No integration cost debt SETTLED • • Higher invoice value • SMS We settle you weekly Pre-Approval WEEKLY • • No integration cost within seconds NO • Higher invoice value • SMS Established client base • Pre-Approval within seconds BAD DEBT NO • No integration cost • Established client base BAD DEBT For more information: For more information: • SMS Pre-Approval within seconds NO enquiries@mediwallet.co.za enquiries@mediwallet.co.za BAD DEBT 0861 007709 • Established client base 0861 007709 or sign up at www.mediwallet.co.za or sign up at www.mediwallet.co.za Issue 03 | JUNE 2017 | 5