Veterinary Medicine and Practice 25 Years in

Predicting 25 years is no easy task-long term assessments have variable criteria such as sustainability, strategic relevance, and financial performance. In Veterinary Medicine and Practice 25 Years in the Future and Economic Steps to Get there, Tom Catanzaro and Terry Hall condense facts from recent studies, identify the social and technological long-term trends to watch, and supply an economic roadmap that will help veterinary professionals steer their practices through the next quarter of a century.

Thomas E. Catanzaro, DVM, MHA, FACHE, Diplomate, American College of Healthcare Executives, is the only veterinarian to have achieved board certification in this prestigious 30,000+ member organization and is a full-time veterinary consultant. In the past 10 years he has built the largest veterinary-exclusive, diplomate-led veterinary consulting team in the United States.

Terry H. Hall, DVM, CFP, is a former small animal clinician/multi-practice owner and one of few veterinarians to have achieved the Certified Financial Planner designation. He has provided telephone and on-site management assistance to more than 1,500 veterinarians and practice owners and owns a full-time financial planning practice that specializes in financial success strategies for veterinarians and practice owners.

Introduction

xi

The World of the New Millennium

3

(26)

The Story of a Veterinarian's Search

29

(44)

Emerging Practice Size Trends

73

(22)

Mega Study Evolution

95

(14)

Veterinary Transition from Control to Leadership

109

(20)

The Consultant's Story

129

(28)

Steps to Financial Success

157

(14)

Appendix A: Heathly People 2010, A New Focus for Veterinary Medicine

171

(14)

Appendix B: What Is Facilitation?

185

(8)

Appendix C: Creating a Vision for Strategic Assessment

193

(24)

Appendix D: Debt Retirement in the New Millennium

217

(4)

Appendix E: The Financial Planning Process

221

(8)

Appendix F: Savings Accumulation Strategies

229

(6)

Appendix G: Retirement Plans and IRAs

235

(8)

Appendix H: Insights into Investing

243

(6)

Appendix I: Estate Planning Concepts

249

(8)

Appendix J: Charting a Practice Course

257

(10)

Appendix K: Our Future in Our Community

267

(4)

Appendix L: A Primer Glossary on Money

271

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Veterinary Medicine and Practice 25 Years in the Future and the Economic Steps to Get There

Summary

Author Biography

Table of Contents

Supplemental Materials