Protect Your Vetrinary Practice from "Stop Payment" Risks
-
Upload
tom-lombardo -
Category
Small Business & Entrepreneurship
-
view
250 -
download
1
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.
www.cross-check.com (707) 665-2100
Pets make life better.
If…the pet itself is healthy.
www.cross-check.com (707) 665-2100
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%.
www.cross-check.com (707) 665-2100
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.
www.cross-check.com (707) 665-2100
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.
www.cross-check.com (707) 665-2100
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.
www.cross-check.com (707) 665-2100
The Problem
Out of nowhere, from the owner’s
perspective, her beloved friend
becomes a significant unexpected
expense.
www.cross-check.com (707) 665-2100
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.
www.cross-check.com (707) 665-2100
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…
www.cross-check.com (707) 665-2100
Everything Possible.
…And you attempt
to save the animal.
With today’s tools
and innovations,
thankfully, you
usually succeed.
www.cross-check.com (707) 665-2100
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.
www.cross-check.com (707) 665-2100
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…
www.cross-check.com (707) 665-2100
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.
www.cross-check.com (707) 665-2100
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.
www.cross-check.com (707) 665-2100
Do I have to?
Is that what you want your
staff doing?
Of course not.
Staff should build revenue,
not chase it.
www.cross-check.com (707) 665-2100
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.
www.cross-check.com (707) 665-2100
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.
www.cross-check.com (707) 665-2100
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.
www.cross-check.com (707) 665-2100
Find Out More.
Learn more today!
Click on the image for your
Free Insiders Guide!
www.cross-check.com (707) 665-2100