Raising the Bottom line in Independent Veterinary Practices with Tyler Dyer

Being business savvy is essential for veterinary success!

Tyler Dyer, Senior Consultant, at Merchant Cost Consulting, joins Dr. Bonnie Bragdon on the Veterinary Insider Podcast to share invaluable insights on cost reduction and financial management for independent practices. They talk about a no-risk approach to cost-cutting for vets, emphasizing the surprising impact of credit card processing fees. It's time to understand how business decisions affect your bottom line.

Discover how to make informed choices that benefit both your practice and your patients! Watch the full episode here: https://youtu.be/QOe5qLGqfRw

0:00 - Preview

0:18 - Introduction to the Start of the Episode

0:55 - Why should veterinarians care about credit card processing fees?

2:03 - Understanding the Fees associated with the veterinary practice

3:31 - What percentage of money is going to credit card fees?

7:34 - Recent lawsuits about fees

8:46 - What do Tyler and MCC do for the industry?

10:22 - Different Payment Management Systems

12:44 - How can MCC help the business owner?

16:02 - What are some misconceptions about working with MCC?

18:45 - Should I do MCC myself?

21:06 - Mistakes Made by Bonnie

24:13 - What is PCI Compliance?

26:25 - E-Commerce and an online pharmacy advice

33:56 - Pet owners are going to pay more for care

35:19 - More about Tyler

36:25 - Who am I doing business with as a small business owner?

38:03 - How does MCC work with National and corporate Practices?

39:56 - How can an independent practice compete with a corporate practice?

42:19 - How does MCC get paid?

43:58 - Does Tyler have Pets?

45:04 - Final Thoughts

46:46 - End of Episode

#VeterinaryBusiness #CostReduction #FinancialHealth #PracticeManagement #VeterinaryInsider #VeterinaryFinance #HiddenCosts

The podcast for veterinarians who own their medicine, their profession, and their success.

The Veterinary Insider podcast is powered by the Independent Veterinary Practitioners Association and hosted by co-founder and immediate past president, Dr. Bonnie Bragdon. The IVPA is the only association exclusively dedicated to keeping veterinary practice ownership a sustainable lifestyle and career option. Member benefits include discounts on products and services that drive practice profit, as well as opportunities to change the course of the veterinary profession.