Team training tool: Financial worksheet for understanding practice expenses and revenue (Sponsored by Nationwide)

ADVERTISEMENT

Team training tool: Financial worksheet for understanding practice expenses and revenue (Sponsored by Nationwide)

source-image
Nov 09, 2015
By dvm360.com staff

For every dollar that comes into your practice, about 10 cents is left over after your practice pays all normal and necessary expenses. That 10 cents pays for everything else—new equipment, hiring of more team members, raises, upgrades to the building, and more. There are two ways to improve profit: increase revenue and reduce expenses. This one-page team training tool reviews some of the elements your team can learn to track, measure, and improve together.