New webinars for finance-strapped practices

SPVS has released two webinars addressing the significant financial and practical challenges for veterinary practices that COVID-19 has created, as highlighted in the recent SPVS-VMG survey.

Income reductions of between 40% to 60% have occurred, and SPVS said practices had to consider how best they could restructure their practices most effectively.

Owners and managers

The first webinar – designed for owners, financial planners and managers – features Mark Harwood, a specialist in supporting veterinary practices at Hazlewoods Accountants, plus Peter Gripper from vet business consultancy Anval, along with three vets from practice, giving a detailed assessment of:

• the financial impact of COVID 19 on veterinary practices
• a presentation of the “Anval SPVS Scenario Planning Calculator Tool”
• tips on how to use profit and cash flow analysis to aid financial planning
• information on additional funding streams available
• top tips and experiences from three veterinary owners

Practice team

The second is a shorter extract from the full-length broadcast designed for the whole practice team, in which Mr Gripper and Mr Harwood are joined by three vets who describe the actions their practices have taken including:

• importance of collaboration
• balancing finances, client needs and keeping your practice team healthy
• opinions on longer terms planning for COVID-19

The webinars can be accessed by anyone via the SPVS website.