CLEAN BOOKS, STRONG PRACTICE

How to Buy Expensive Veterinary Equipment Without Going Broke

A new ultrasound, digital X-ray system, dental unit, in-house laboratory analyzer, or surgical tool can improve patient care and create additional revenue. However, even valuable equipment can weaken a veterinary practice when the decision is based on excitement, pressure from a salesperson, or an affordable-looking monthly payment instead of solid financial analysis.

In this episode, Anthony Barge explains how veterinary practice owners can evaluate a major equipment purchase before signing a financing agreement.

Key Takeaways

• Do not ask only, “Can the practice afford the monthly payment?” Determine whether the equipment can generate enough profitable work to justify its total cost.

• Calculate the com ...