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Lurking within the balance sheets of even the most successful veterinary practices is a silent profit drain that few owners fully recognize. Inventory management, as Emmitt Nantz expertly illuminates in this eye-opening conversation, represents not just a necessary evil but a tremendous opportunity to reclaim lost profits and redirect precious clinical time toward patient care.

The numbers are staggering. The average veterinary practice carries 30-40% more inventory than needed – translating to $20,000-$50,000 in excess capital sitting idle on shelves. Beyond this immediate cash drain, practices typically spend eight hours weekly managing inventory, time that highly trained clinical staff could spend generating revenue through patient care. Combined with waste from expired products, these inefficiencies inflate Cost of Goods Sold by 2-4 percentage points annually.

Nantz draws from his two decades of veterinary operations experience to explain why this happens: the fear of running out creates a reactive cycle where "it's better to have too much than not enough." While understandable, this approach creates substantial financial drag that compounds over time. Through powerful examples, including a practice that reduced inventory management from two full-time positions to just two hours weekly while simultaneously dropping their COGS from over 40% to the mid-30s, Nance demonstrates the transformative potential of addressing this often-overlooked operational area.

The conversation extends beyond inventory to explore broader operational principles, including the critical relationship between technology and process improvement. As Nantz aptly notes, technology itself isn't the solution: "It's like buying a better wrench to fix a car. It's leverage, an amplifier to what you're trying to achieve, but not the solution." The discussion also examines how thinking about veterinary practice through the lens of supply (staff availability) versus demand (when clients want appointments) can unlock significant capacity.

Ready to reclaim the $30,000-$60,000 that inefficient inventory management might be costing your practice annually? This episode offers practical insights to transform not just your balance sheet but also team satisfaction and patient care quality.

Host Information

Bill Butler – Contact Information

Direct – 952-208-7220

https://butlervetinsurance.com/

bill@butlervetinsurance.com

https://www.linkedin.com/in/billbutler-cic/

Schedule a Strategy Session with Bill – Strategy Session

Podcast Sponsored By:

Butler Vet Insurance: We wrote the Book on Veterinary Insurance

Running a successful veterinary practice comes with its challenges. At Butler Vet Insurance, we specialize in simplifying insurance for professionals like you.

"Protecting Your Veterinary Practice": Your Guide to Stress-Free Insurance

Insurance-related stress: Order Your Copy Now

Why Choose Butler Vet Insurance?

We specialize in risk management tailored for veterinarians, addressing unique challenges!

Contact Us Now

Butler Vet Insurance – Your Trusted Insurance Partner for Veterinary Practices.

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Jacinthe Moreau, CEO and co-founder of VetScribe, shares how AI scribing technology is transforming veterinary workflows by dramatically reducing documentation time and improving practitioner wellbeing.

• VetScribe was born from a dinner conversation where veterinarians expressed intense frustration with the time spent on SOAP notes
• AI scribing saves practitioners 6-8 minutes per appointment, adding up to approximately 35 hours monthly
• The technology records client consultations and uses AI to generate medical notes within minutes
• Practitioners have full control to review and edit AI-generated notes before approval
• AI notes provide more standardized, consistent medical records that improve continuity of care
• The technology integrates with practice management systems either through manual copy/paste or a team of medical scribes
• Entire veterinary teams can use the technology with technicians starting recordings during initial history-taking
• Reclaimed time allows veterinarians to take breaks, extend appointment times, see more patients, or improve work-life balance
• The mental relief of eliminating "pajama charting" significantly improves practitioner wellbeing

Visit VetSkribe.com to learn more about how AI scribing can transform your veterinary practice.

Host Information

Bill Butler – Contact Information

Direct – 952-208-7220

https://butlervetinsurance.com/

bill@butlervetinsurance.com

https://www.linkedin.com/in/billbutler-cic/

Schedule a Strategy Session with Bill – Strategy Session

Podcast Sponsored By:

Butler Vet Insurance: We wrote the Book on Veterinary Insurance

Running a successful veterinary practice comes with its challenges. At Butler Vet Insurance, we specialize in simplifying insurance for professionals like you.

"Protecting Your Veterinary Practice": Your Guide to Stress-Free Insurance

Insurance-related stress: Order Your Copy Now

Why Choose Butler Vet Insurance?

We specialize in risk management tailored for veterinarians, addressing unique challenges!

Contact Us Now

Butler Vet Insurance – Your Trusted Insurance Partner for Veterinary Practices.

Send us a text

What happens when pets need specialist care but live hours away from the nearest veterinary specialist? Dr. Kenneth Pierce witnessed this challenge firsthand when he found himself the only specialist serving an enormous three-state region of the country. His solution? Create a virtual bridge connecting general practitioners with specialists nationwide.

Dr. Pierce's journey from New Orleans to becoming a board-certified ophthalmologist reveals how passion for a specialty can transform into something much larger. While studying at LSU, the language of eye diseases, surgical techniques, and diagnostic processes "turned the lights on" for him, setting him on a path through academia, private practice, and eventually entrepreneurship. His experiences across different practice settings highlighted a critical gap: while metropolitan areas concentrate veterinary specialists, vast regions of America function as "specialist deserts" where access to advanced care requires significant travel or weeks-long waits.

Vespicon emerges as Dr. Pierce's answer to this nationwide challenge. Unlike traditional telemedicine, Vespicon offers veterinary practices unlimited access to board-certified specialists through recorded video consultations across all specialties for small animals, large animals, and exotics. The subscription model removes financial barriers between veterinarians and specialist guidance, allowing practices to consult freely without passing additional costs to clients. Perhaps most importantly, the system maintains continuity by connecting veterinarians with the same specialist throughout a case's management.

Throughout our conversation, Dr. Pierce emphasizes the philosophy that guides both his business approach and advice to colleagues: "Be like water." Having clear goals while remaining adaptable to changing circumstances has allowed him to balance running a specialty practice with growing Vespicon. He credits much of his success to surrounding himself with exceptional team members who execute the vision daily, demonstrating that entrepreneurship isn't about doing everything yourself, but finding the right "who" rather than focusing solely on "how."

Ready to explore how specialist consultation could transform your practice? Connect with Dr. Pierce and the Vespicon team at VespiCon.com or on social media @VespiCon to learn how unlimited specialist access can improve patient outcomes while supporting your veterinary team's clinical co

Host Information

Bill Butler – Contact Information

Direct – 952-208-7220

https://butlervetinsurance.com/

bill@butlervetinsurance.com

https://www.linkedin.com/in/billbutler-cic/

Schedule a Strategy Session with Bill – Strategy Session

Podcast Sponsored By:

Butler Vet Insurance: We wrote the Book on Veterinary Insurance

Running a successful veterinary practice comes with its challenges. At Butler Vet Insurance, we specialize in simplifying insurance for professionals like you.

"Protecting Your Veterinary Practice": Your Guide to Stress-Free Insurance

Insurance-related stress: Order Your Copy Now

Why Choose Butler Vet Insurance?

We specialize in risk management tailored for veterinarians, addressing unique challenges!

Contact Us Now

Butler Vet Insurance – Your Trusted Insurance Partner for Veterinary Practices.