FEATURE STORY

The Ultimate Scorecard: Annual Valuations

You hear the hype regarding business valuations as a tool for business improvement, but why is it so important?

Credit: Photos.com Part of your veterinary practice should be an annual valuation. The following article was provided by James E. Guenther, DVM, MBA, MHA, CVPM, CVA, CEPA, CM&A, owner of Strategic Veterinary Consulting. I am a veterinarian, business consultant, and a veterinary business owner. I see my veterinary business from all sides. I work there, I act as a business consultant to identify issues that may impact the business, and I treat that same business as a CEO. Because I see the business from all sides I need ways to monitor success (or failures). I have a toolbox of charts, graphs, financial statements, Key Performance Indicators (KPI), and my ultimate scorecard, the annual valuation. So, you probably are wondering why I use the valuation as a business tool? The answer lies in the volume of information it provides to me. It substantiates a value for the business for a year’s hard work and determines the Net-Cash-Flow provided to the owner. In other words, did all of the managing duties provide improvement in the bottom line of the business? Doesn’t knowing the value for your business on an annual basis a good thing, especially for Financial... Continue Reading

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Texas A&M Clinical Trial Indicates Equithrive Joint is Effective Therapy for Equine Hock Lameness

Research published in the September 15 issue of the Journal of the American Veterinary Medical Association provides supporting proof that the oral supplement, Equithrive Joint, is an effective therapy for equine hock lameness. The study, “A randomized, controlled trial of the effects of resveratrol administration in performance horses with lameness localized to the distal tarsal joints,” was led by Ashlee E.Watts, DVM, PhD, DACVS. Watts is a board certified large animal surgeon in the Department of Large Animal Clinical Sciences at Texas A&M University, and Director of the Comparative Orthopedics and Regenerative Medicine Laboratory at Texas A&M University. A Pioneer in Clinical Research of Equine Supplements “This was a two-year research project and it is very exciting to me because blinded, randomized and controlled clinical trials are not commonly performed in equine veterinary medicine. This type of study is especially rare in the equine supplement... Continue Reading

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EDCC Reports California Herpes Update
In Inyo County, California, no additional confirmed cases of EHV-1 or new febrile horses have been identified at this time, but two new febrile horses have been moved to isolation at the LAEC. Read More
Classic Empire Grade 1 Wins to Benefit Equine Research
John C. Oxley, the owner of Breeders' Cup Juvenile winner Classic Empire, has pledged to Grayson-Jockey Club Research Foundation 1% of the owner's share of any Grade I victories by the... Read More
Penn Vet Receives $5 Million Gift to Establish the Dr. Harry Werner Professorship in Equine Medicine at New Bolton Center
A transformational gift of $5 million by the estate of Seth and Lucy Holcombe will establish the Dr. Harry Werner Professorship in Equine Medicine at New Bolton Center, the large animal hospital... Read More
Neurologic Herpes on Ranch in Inyo County, California
EHM has been confirmed in one horse with mild neurologic symptoms in Inyo County, California. Additionally, two febrile horses on the same ranch have been confirmed positive for the neurotrophic EHV-1 strain... Read More

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