The GeniusVets Show - For Practice Owners and Industry Pros

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• Dr. Demey is an avid adventurer who has climbed major peaks, trekked to the South Pole, and taught veterinary procedures internationally
• He attributes his ability to take these adventures to building a strong leadership team that can run the practice without him
• Trends facing veterinary owners include changing workforce/client expectations and corporatization
• Opportunities lie in distinguishing private practices and leveraging an established, income-producing business

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The GeniusVets Show features Dr. Mark Thompson - AAHA President. Hosted by GeniusVets Co-Founder, David Hall. 

This insightful conversation will dive into the Trends, Threats, and Opportunities facing veterinary practice ownership today. 

This discussion will cover: How Embracing Innovative Services and Technology Trends Can Boost Your Veterinary Practice

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Dr. Robert Gribble is the owner of 3 veterinary practices in east Texas. Well known for his “Million Dollar Veterinarian” presentation that is based on a survey Dr. Gribble has conducted on elite producing veterinarians, as well as his own experience consistently producing well over $1M/yr, in this webinar Dr. Gribble will share one of his biggest secrets for achieving this elite level of production.

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This week, the GeniusVets Show features Eric Miller, Chief Financial Advisor, Co-Owner | Econologics Financial Advisors, with David Hall, GeniusVets Co-Founder. 

This insightful conversation will dive into the Trends, Threats, and Opportunities facing veterinary practice ownership today. 

This far-reaching discussion will cover:

• Common financial mistakes practice owners make, like underestimating income needs and not paying themselves enough profits
• Eric will cover setting up key accounts (emergency, expansion, wealth storage) to ensure profits get allocated properly
• Other topics include using the practice to create multiple income streams and planning for an optimal exit

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The GeniusVets Show features Dr. Vaughn Fish of Belton Veterinary Clinic with David Hall, GeniusVets Co-Founder. 

This insightful conversation will dive into the Trends, Threats, and Opportunities facing veterinary practice ownership today. 

This far-reaching discussion will cover:

• Consumers are tightening spending on wellness care due to economic conditions.
• The rise of relief veterinarians is increasing costs and reducing client relationships/loyalty.
• New vet school graduates have unrealistic salary expectations and inadequate skills.
• Good mentorship programs are critical.
• The current period presents big opportunities for independent practices to grow and acquire others as corporate acquirers face challenges.

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This week, the GeniusVets Show features Dr. Gregory Lloyd, of Hebron Animal Hospital, with David Hall, GeniusVets Co-Founder. 

This insightful conversation will dive into the Trends, Threats, and Opportunities facing veterinary practice ownership today. 

This far-reaching discussion will cover:

• Navigating the Recruitment Challenge: Understand the current landscape of veterinary recruitment in 2024, including the persistent struggle to attract talented professionals amidst competition with corporate practices and unrealistic expectations set by veterinary schools.
• Creating an Attractive Practice Culture: Explore strategies for cultivating a practice culture that appeals to prospective DVMs, emphasizing the importance of offering opportunities for practicing high-quality medicine and providing attractive facilities.
• Building Relationships: Learn the power of personal connections in recruitment by engaging with veterinary students through career days, externship opportunities, and preceptorships, highlighting the effectiveness of building relationships over traditional job postings.
• Addressing Financial Considerations: Address the financial challenges of hiring recent graduates, including offering competitive salaries, signing bonuses, and relocation allowances, while also considering the investment required as new hires may take time to become productive team members.
• Long-Term Retention Strategies: Implement multiyear contracts as a retention strategy, providing financial incentives and fostering a supportive culture to ensure long-term commitment from veterinary hires, ultimately leading to a stable and successful practice.

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This week, the GeniusVets Show features  Heidi Rooney, Solutions Development Manager, VetPowerment, with David Hall, GeniusVets Co-Founder. 

This insightful conversation will dive into the Trends, Threats, and Opportunities facing veterinary practice ownership today. 

This far-reaching discussion will cover:

• Understanding Burnout Dynamics: Explore the nuanced causes of burnout beyond long hours and stress and the importance of feeling connected to the mission and team cohesion.
• Impact on Pet Care: Learn about the correlation between burnout and negative patient outcomes, such as medical errors and poor care, highlighting the significance of addressing burnout in veterinary settings.
• Leadership Strategies: Gain insights into effective leadership approaches to combat burnout, including keeping teams informed, encouraging innovation, providing feedback and coaching, and recognizing quality performance.
• Certification for Excellence: Discover the benefits of becoming a Vetpowerment certified practice, including improved retention rates, competitive advantage in talent acquisition, and signaling commitment to employee well-being and team culture.
• And so much more...

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The GeniusVets Show features Dr. Cheryl Roth, Practice Owner & DVM, Guardian Veterinary Care with David Hall, GeniusVets Co-Founder. 

This insightful conversation will dive into the Trends, Threats, and Opportunities facing veterinary practice ownership today. 

This far-reaching discussion will cover: Building a Culture-First Practice: Practical Approaches for Prioritizing Your Business.

• Harnessing the Power of Part-Time Associates: Learn how to effectively integrate part-time staff, particularly working moms, to enrich clinic dynamics and insights.
• Building a Culture-First Practice: Discover strategies for nurturing strong relationships among staff, clients, and pets, and understand why prioritizing culture is vital for long-term success.
• Mastering Financial Balance: Gain insights into navigating economic challenges such as inflation and rising costs while maintaining fair pricing and quality care standards.
• Safeguarding Your Practice: Explore practical approaches to address legal concerns, including the uptick in litigation and board complaints, in the post-COVID landscape.
• Meeting Client Expectations: Understand the importance of fear-free and low-stress handling techniques, and learn how to meet the growing demand for these services effectively.
• And so much more…

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The GeniusVets Show features AVMA President Dr. Rena Carlson with David Hall, GeniusVets Co-Founder. 

This insightful conversation will dive into the Trends, Threats, and Opportunities facing veterinary practice ownership today. 

This far-reaching discussion will cover:

• Strong demand for veterinary services and higher levels of care present opportunities for practice owners.
• Technology offers many possibilities to improve operations, but avoid shiny object syndrome - focus on solving key pain points.
• Public is increasingly informed online - veterinarians need to meet them where they are as educators.
• Labor shortage is a threat - creating an attractive workplace culture is key to retention.
• Telemedicine is coming - make sure to keep a local connection.
• And so much more…

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The GeniusVets Show features Mickey O’Connor, Pharmacist and Director of Business Development as he discusses compounded medicine in the veterinary industry with David Hall, GeniusVets Co-Founder. 

This insightful conversation will dive into the reason why quality and standards are important when sourcing your compounded medications.

Mickey O'Connor will walk you through what to look for, with great insights such as:

• Differences between a 503A pharmacy and a 503B facility
• Why not all compounded medications are created equal
• Exploring the purpose behind the FDA’s new 503B facility designation
• How to determine where to source your compounded medications
• Shedding light on GFI #256, new USP Shedding light on GFI #256, new USP guidelines and their impact on veterinary hospitals
• And so much more…