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KSM’s Terry O’Neil to Speak at AVMA Annual Convention

Posted 9:56 PM by

Terry O’Neil, partner-in-charge of Katz, Sapper & Miller’s Veterinary Services Group, will present during several sessions at the American Veterinary Medical Association's (AVMA) 153rd annual convention, held August 5-9 in San Antonio, TX. This annual convention brings together thousands of veterinarians, technicians and practice managers for discussion, networking and educational opportunities.
 
O’Neil will present on Friday, August 5 and will focus on the following topics:
 

Veterinary Hospital Financial Trends and Benchmarks

Current global practice statistics will be interpreted to develop insights into veterinary business performance. Owners and DVMs will also hear about the latest issues and trends in veterinary practices, such as generational issues, corporate consolidation, online competition and low-cost competition.

Basics of Financial Statements and Chart of Accounts

Going beyond the basics of financial statements, this session will get to the heart of the matter – why a fundamental understanding of financial statements will help ensure a hospital’s well-being. Topics covered will include which method of accounting to use, valuable ways to read financials, how to use financials as a measure of progress toward goals and more.

Measuring and Monitoring Revenue Opportunities

This session will demystify key performance indicators (KPIs) and will teach owners and DVMs simple systems for using them in their practice while avoiding information overload. Examples throughout the session will show how KPIs can be applied in a veterinary practice to reduce expense and to implement best practices.

Preparing a Budget, Strategic Plan and Hospital “Play Book”

In this session, owners and DVMs will learn how to create a strategic plan for their hospital as well as how to create and implement a budget. Topics will include how to run a strategic planning meeting, what basic information is required to establish a budget, and how owners and DVMs can follow up to ensure the hospital stays on the path to realizing its dream. 

For more information, visit the conference website.

About Us
As one of the top 60 CPA firms in the nation, Katz, Sapper & Miller has earned a reputation as a leader in the areas of accounting, tax, and consulting services. We are consistently named one of the “Best of the Best” accounting firms in the nation by INSIDE Public Accounting magazine. Learn more

 

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