Patty Khuly, VMD, MBA, shares her top four stumbling blocks to practice ownership in the article here positioned as a rebuttal to an article in The Atlantic <Link>. She writes about forces that affect the makeup of veterinary professional attitudes that alter attitudes toward entrepreneurship and, therefore, practice ownership.
Regarding decreased aspirational diversity, cultural homogeneity and wealth generation, Khuly says it is not necessarily about gender, ethnicity or things traditionally considered to be diverse. It is more about diversity of thought, experience, educational background and a culture that diminishes the range of personal and professional goals.
Source: Veterinary Practice News, July 8, 2024. Link. Khuly’s top four stumbling blocks are:
- The higher cost of higher education
- Diminishing margins among independent practices
- The unsurmountable price of practice ownership
- Decreased aspirational diversity
INSIGHTS: Articles like this offer perspective for animal health pros serving veterinary hospitals. Sales and marketing persons can help by providing support for total cost management through inventory control, purchase programs and local marketing programs.