Which expenses are on the rise? Asset investment is up and over-the-counter retail sales are down at Well-Managed Practices.(PRACTICE FINANCES)

Are you spending too much? Fixed and variable expenses as a percentage of annual revenue at Well-Managed Practices were up and down in 2006. But most expenses saw little or no change between 2005 and 2007. Still, rising costs are your number-one worry. So check the charts to compare your costs to those of well-managed hospitals.

Expenses are your chief concern

What is the most pressing issue facing veterinary medicine?

 
Rising costs          47% 
Employee retention    14% 
Malpractice threats    9% 
Lawsuits               7% 
Competition            6% 
Specialization         5% 
Consolidation          3% 
Government oversight   2% 

You have …