263. Profitability is NOT the Same as Net Income

Only available as part of a package
The gold standard measure of a practice’s financial success is the operating profit margin. Unfortunately, most practices don’t really know how profitable they are. This session will answer the following questions: What is the definition of operating profit? How is it different from net income, cash flow, and taxable income? How is the operating profit calculated? What are key areas to focus on in order to increase profits?

Karen Felsted

CPA, M.S., DVM, CVPM, CVA

President | PantheraT Veterinary Management Consulting Inc. | Richardson, Texas

A certified public accountant, accredited business appraiser, and veterinarian, Dr. Felsted has spent the last 20 years working as a financial and operational consultant to veterinary practices and the animal health industry. She is active in multiple veterinary organizations, has written an extensive number of articles for a wide range of veterinary publications, and speaks regularly at national and international veterinary meetings. In 2011 and 2017, Dr. Felsted was awarded the Western Veterinary Conference Practice Management Continuing Educator of the Year and in 2014, the VetPartners Distinguished Life Member Award.

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CE Credits
1.00 Continuing Education (CE) credit  |  No certificate available
1.00 Continuing Education (CE) credit  |  No certificate available
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