On behalf of everyone at Veterinary Business Advisors, Inc., we hope you, your families and your clients are safe following the recent Earthquakes and Hurricane Irene. We have certainly had our fair share of natural and weather related issues to contend with this past week!
As many of the towns across the nation were facing these disasters we were thinking of all of you. We realize you not only had to worry about your own families but also your practices and the families that you serve and count on you. The reports indicate very few lives were lost for which we are thankful, but know the effects are still devastating. As the recovery and rebuilding are underway, we have received news about how various practices are reaching out to assist impacted practices until services can be fully restored. These acts of goodwill are what make the veterinary community unique as a group of dedicated professionals.
All the best,
The Team at Veterinary Business Advisors, Inc.  |
Human Resource Compliance Audit
Why is it so Critical to Complete?
Comparable to a financial audit, a Human Resource ("HR") Compliance Audit is a diagnostic tool for practices to assess the health and compliance of their personnel human resources' policies, procedures and protocols. Whether a practice employs 5 or 500 employees, this comprehensive review can help owners and managers avoid the significant legal and/or financial penalties for not complying with the vast array of complicated employment laws while ensuring their procedures are adequate and effective. In essence, an HR Compliance Audit involves identifying issues and finding solutions to problems before they become unmanageable or lead to litigation. It is an opportunity to assess what a practice is doing right, as well as how things might be done differently, more efficiently or at a reduced cost.
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Key Factors to Consider in Appraisals and Assessing Practice Value
What are the key factors you should consider when assessing practice value? Profitability and appraisals are both important parts of the process and the following is a list of guidelines and topics to help guide your future research.
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Dr. Lacroix in the News!
Recently, a roomful of veterinarians weren't quite sure how to answer the provocative question posed by VBA's Dr. Charlotte Lacroix. She spoke at the Milwaukee Emergency Center for Animals' third annual meeting on May 10 in Milwaukee, regarding liability issues in veterinary medicine.
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