Project Grant 20187002428816

Award Date 9/1/18
Completion Date 8/31/22
Dollars Obligated $238K
Federal Grant Program
10.336
Assistance Type
Project Grant
Place of Performance
Opelika, AL 36801, USA
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PROJECT SUMMARYTHE PROJECT WILL INCLUDE TWO-TWO AND A HALF DAY WORKSHOPS ONE YEAR APART WITH FOLLOW-UP TELECONFERENCES BETWEEN THE TWO WORKSHOPS. THE WORKSHOPS ARE CREATED TO HELP EDUCATE VETERINARIANS SERVING UNDERSERVED AREAS TO BETTER MANAGE THEIR PRACTICES AS BUSINESSES AND IMPROVE THE SERVICE THAT THEY ARE PROVIDING TO THEIR CLIENTS. PRACTITIONERS FROM UNDERSERVED AREAS WILL APPLY AND BE ACCEPTED INTO THIS PROGRAM BASED ON LOCATION OF PRACTICES, PER CENT OF FOOD ANIMAL PRACTICE, AND PROXIMITY TO UNDERSERVED AREAS. WORKSHOP NUMBER ONE WILL INCLUDE EXPLANATIONS OF FINANCIAL ACCOUNTING SYSTEMS, REVIEWS OF THEIR THREE-YEAR ANALYSIS OF THEIR FINANCES RECORDS. ALSO ATTENDEES WILL DEVELOP A VALUE PROPOSITION FOR THEIR PRACTICE AND FROM THE VALUE PROPOSITION AND THE HISTORICAL FINANCIAL ANALYSIS WILL DETERMINE CHANGES THAT THEY CAN MAKE TO IMPROVE THEIR PRACTICES. PARTIAL BUDGETING WILL BE USED TO HELP PREDICT THE OUTCOME OF CHANGES. FORECASTING, INCLUDING THE DEVELOPMENT OF PLAN STATEMENTS, WILL BE USED TO HELP IMPLEMENT THE CHANGES IN THE PRACTICE. IN ADDITION ON THE THIRD DAY OF THE YEAR ONE WORKSHOP, HUMAN RESOURCE MANAGEMENT (HRM) ISSUES WILL BE ADDRESSED.WORKSHOP NUMBER ONE WILL REQUIRE THAT PRE-WORK HOMEWORK BEING DONE WITH THREE YEARS OF FINANCIAL INFORMATION TRANSPOSED INTO A MANAGERIAL ACCOUNTING WORKSHEET.IN THE MONTHS FOLLOWING THE INITIAL WORKSHOP THERE WILL BE THREE SCHEDULED TELECONFERENCES TO MEASURE THE IMPLEMENTATION OF THE PRINCIPLES OF THE FIRST WORKSHOP. TOPICS TO BE ADDRESSED WILL INCLUDE BUT NOT BE LIMITED TO THE PROGRESS IN THE FINANCIAL PERFORMANCE OF THE PRACTICE, PROGRESS IN STRATEGIC PLANNING AS A RESULT OF THE VALUE PROPOSITION EXERCISE, AND PROGRESS IN THE IMPLEMENTATION OF HRM CHANGES.WORKSHOP NUMBER TWO, A YEAR AFTER THE FIRST ONE, WILL BE A REVIEW OF THE FIRST WORKSHOP ALONG WITH A ONE-DAY SESSION ON PRACTICE VALUATION AND HOW A PRACTICE OWNER CAN PREPARE FOR TRANSITIONING HIS PRACTICE TO OTHER OWNERS, A ONE DAY SESSION ON HRM AND A PLANNING SESSION ON GOALS FOR THE NEXT YEAR. VARIOUS METRICS WILL BE USED TO MEASURE THE SUCCESS OF THE WORKSHOPS.FOLLOWING THE SECOND YEAR TWO AND A HALF DAY WORKSHOP THERE WILL BE A MINIMUM OF TWO CONFERENCE CALLS FOCUSED ON ASSESSING PROGRESS IN PRACTICE FINANCIAL PROGRESS, HRM, STRATEGIC PLANNING AND EFFORTS TO IMPROVE THE VALUATION OF PRACTICES.

Posted 9/6/18, 12:00 AM