Protect Your Vetrinary Practice from "Stop Payment" Risks

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HOW TO MAKE SURE YOU GET PAID EVEN IF YOUR PATIENT EXPIRES… Protect Your Veterinary Practice

Transcript of Protect Your Vetrinary Practice from "Stop Payment" Risks

H O W T O

M A K E S U R E Y O U G E T P A I D

E V E N I F

Y O U R P A T I E N T E X P I R E S …

Protect Your Veterinary Practice

People love their pets

According to a Stanford

University study, kids growing

up with pets are more

confident, more outgoing, and

more likely to take on

leadership roles.

And according to Psychology

Today, a pet’s love not only

makes us happier, it actually

helps us think better.

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Pets make life better.

If…the pet itself is healthy.

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What’s Up Doc?

Which sometimes they’re not.

Owners don’t take their pets to the vet

nearly enough.

In fact, since 2001 dog visits have

slipped 21% and cat visits have

dropped 30%.

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Ooops…

Sometimes pet owners make care

giving mistakes.

For example, most pet owners believe

their pet is just the right weight.

But since 2006, obesity has increased

37% for dogs and 90% for cats.

And arthritis is up 38% and 67%

respectively.

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How did that happen?

Over feeding, under exercising

and not going to the vet may

cause a pet’s health to decline.

In fact, tooth decay, cancer, and

many preventable diseases are

all on the rise.

And 55% of owners don’t know

their pet is sick until it is almost

too late.

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All the sudden…

Often, the first time you meet the

owner is when an urgent need

arises.

And sadly, the first time you treat

the animal is when something

has already gone catastrophically

wrong.

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The Problem

Out of nowhere, from the owner’s

perspective, her beloved friend

becomes a significant unexpected

expense.

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The Cost of Treatment Can Be High

How much??

Often, more than people expect.

Enough to test the means of many

American families.

You can offer financing options,

including a Multiple Check option

which allows them to write up to

four checks to be cashed over as

long as a 30-day period to help

them manage the cost.

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That much.

You hope to avoid the

“other option...”

Economic euthanasia can

be one of the most

heartbreaking aspects of

your practice.

But let’s say the owner

finds a way to tender

payment…

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Everything Possible.

…And you attempt

to save the animal.

With today’s tools

and innovations,

thankfully, you

usually succeed.

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Nothing is perfect.

But sometimes it is too late.

The American Veterinary Medical

Association does not publish

veterinary procedure mortality rates,

and they vary by wide margins.

Still, every time it happens, it is a

tragedy.

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Enough.

From a business perspective, the

death of a pet during or after an

expensive procedure can become a

payment nightmare.

The heartbreak is bad enough…

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Too Much.

… but a threat to your business

is unacceptable.

Distraught owners sometimes

make bad decisions.

For example, they might put a

“stop payment” on one or more

of the checks they wrote you for

treatment.

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Now What?

If you didn’t prepare in advance

you have an unpleasant problem.

The last thing you want to deal

with is chasing payment for a

procedure that didn’t work.

But someone on your staff has to

deal with it, or you lose the cost

of the treatment.

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Do I have to?

Is that what you want your

staff doing?

Of course not.

Staff should build revenue,

not chase it.

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Instead, Prepare.

Protect yourself.

People make mistakes. They

make bad decisions. Especially

when they are emotional.

Eliminate this risk with a Stop

Payment option from your

check processing company.

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A Partnership.

That way, if an approved check

is stopped, you get paid anyway.

Limits vary, but they can be in

excess of the cost of most

common procedures.

Don’t let circumstances beyond

your control distract you from

what you do best.

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We’ve Got You Covered.

Be sure you work with a

check processing company

that serves its customers as

well as you serve yours.

Stop Payment protection

and Guaranteed check

verification – for the health

of your practice.

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Find Out More.

Learn more today!

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Free Insiders Guide!

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