Veterinary Practice Management Software from Business Infusions Leads to Revenue Growth
Prominent Equine Practice Sees Increased Revenues and Higher Average Transaction Amounts with HVMS Software
CALGARY, AB, CANADA, September 03, 2010
In today's challenging economic climate, many veterinary practices are looking for ways to keep costs down. Others however, have viewed the recession as an opportunity to invest and grow the business by increasing profits instead. One way of accomplishing this is through better practice management software.Tennessee Equine Hospital (TN Equine) is a thriving practice located near Nashville, with eight veterinarians on staff and a 22 stall facility. When TN Equine expanded and opened its new hospital in 2009, they believed this would be a great time to also implement new practice management software, to tackle some ongoing problems they had encountered for many years. After examining the solutions on the market, TN Equine chose Business Infusions and HVMS (Hospital and Veterinary Management System) as its new software provider.
In the past, the practice felt that their software wasn't helping them optimize potential revenue. In particular, TN Equine found that it was unable to create invoices in real time to ensure potential billings weren't being missed, it was difficult to retrieve patient and client history in a timely manner, and there were ongoing inconsistencies in Accounts Receivable management.
Implementing HVMS solved all these problems, and more. States Dr. Monty McInturff from Tennessee Equine, "We have seen our transactions average go up by more than 30% with HVMS. This was done without increasing a single price point when moving to HVMS." This was accomplished through better A/R management, automated real time invoicing, and the HVMS patient reminder functions.
Other veterinary practices who are struggling in this economy might be wise to also consider going to a new veterinary practice management software solution, and increasing their revenues and profits. Instead of asking the question how can I reduce costs, using the strategy of what can I do to increase revenues might be a better option to consider.
ABOUT BUSINESS INFUSIONS: Business Infusions is the developer and marketer of the HVMS (Hospital & Veterinary Management System) software program. The company provides full installation and ongoing support services for its HVMS clients, which includes many industry leading veterinarian and equine practices. Business Infusions is based in Calgary, Canada and has HVMS clients located throughout the world.