Where $ Comes In (revenue basics)
What is the “heartbeat” of the clinic that shows how well we’re doing financially?
Revenue
System used to streamline paying employees.
ADP
The weekly step that finds what we’re low on.
Counts
Bravecto Quantum is priced by the
Weight Range
Bills/coins payment.
Cash
Pricing that is clearly explained so clients understand costs before they agree.
Transparent
Putting aside profit for employee ownership contributions
ESOP
This step is where purchase are placed.
Ordering
The pricing method for Bravecto’s Quantum based on size/weight ranges.
Tiered Pricing
Payment using a bank card tied to checking has 0% fee to clients though the clinic still pays a fee for use.
Debit
Revenue supports daily clinic _____.
Operations
Costs we plan for the whole year using last year + growth assumptions.
Budget
Verifying cost and markup during invoice entry prevents incorrect _____.
Pricing
Recording vendor price/shipping/discounts, team team, and clinic overhead so we know the true _____
Unit Cost
Financing option that can be used where the clinic immediately gets paid and the client can choose 6m interest free if over $200. The clinic does incur a cost to run. Revolving credit.
Care Credit
A subscription-style option for preventive and ongoing care
Care Plans
The clinic’s process for late or unpaid balances. (two words)
AR policies
This step is where deliveries are checked against invoices.
Verify
Tracking how quickly Quantum sells/gets used to avoid overstock and waste. We want this to be high.
Turnover
A finance option that the clients can choose themselves, after approval, how many months to pay back, though the clinic gets $ immediately. Clinic incurs a cost. Typically for one time use.
Scratch Pay
Average client transaction, product sales performance, net promoter score, and care plan adoption are examples of _____.
KPI's
Reviewing wages and ordering vendors to stay competitive while controlling cost.
Benchmarking
Tracking low-moving items helps reduce _____.
Expenses and or inventory on hand (which is an expense)
Bravecto Quantum is purchased by a client for $280 and it cost $183.57 to order, store, and administer. This equals what?
$96.43 net profit
The step that prevents missing charges by confirming all services and products were captured before closing the day.
Reconciliation