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Calculating the real cost of labor in setting fees


DVM360 MAGAZINE


Recommendation

1. Each practice should keep a running true hourly cost of each employee.

2. Each employee should get a copy of a these calculations with their paycheck (Table A).

3. Make a specific analysis of inpatient fees to right the upside-down practice.

Next month: Calculating annual payroll per hour

Dr. Riegger, dipl. ABVP, is the chief medical officer at Northwest Animal Clinic Hospital and Specialty Practice. Contact him by telephone or fax (505) 898-0407,
or http://www.northwestanimalclinic.com/ . Find him on AVMA's NOAH as the practice management moderator. Order his books "Management for Results" and "More Management for Results" by calling (505) 898-1491.


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Source: DVM360 MAGAZINE,
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