Frequently Asked Questions
Our Comprehensive Veterinary Bookkeeping Services
What is Profit Solver
Profit Solver is a financial solution for veterinary practices that helps improve profitability and overall financial performance. Profit Solver is made up of two components: a proprietary software application and full-service support from a team of experienced consultants.
Profit Solver was developed by Fee Technology Inc., a software company headquartered in Austin, TX.
How does Profit Solver work?
Profit Solver is essentially a formula, albeit a very complicated one, that takes your unique practice data and provides insights concerning the financial health of your practice.
Our proprietary software automatically performs the math calculations in the formula and our consultants interpret the results.
This financial analysis shows where your practice is making money vs. losing money and gives direction on what changes can be made to immediately improve profitability. One of our consultants walks through this analysis with you to answer questions and implement the recommended adjustments to your practice.
What does Profit Solver do for my practice?
With Profit Solver, you can:
- Confidently set fair, competitive service fees that increase profits without losing or disenfranchising your customers.
- Conduct forecasting models to see if adding a new service, purchasing a new piece of equipment, or hiring a new employee would make sense based on its impact on the profitability of the practice.
- Fund expansions or improvements to your facility by setting profit goals that your practice can actually realize.
- Improve employee productivity by using Profit Solver’s time-and-motion database to establish standard benchmarks for the amount of time it should take your team to perform each service.
- Run a more successful practice by gaining deeper insight into your practice’s finances and learning what factors influence profitability the most.
What's included when I sign up for Profit Solver?
Profit Solver includes a one-year license to our cloud-based financial software along with personal support from one of our consultants who will guide you through the initial set-up process, answer questions, and help you maximize your results.
Our consultant teaches you how to get the most out of the software so that you can utilize it to the fullest extent for the duration of your one-year license.
We pride ourselves in providing white-glove service. Our consultants are dedicated to making the experience as smooth and straightforward as possible. You’ll never be left in the dark, and you’ll never be left to fend for yourself. We’re here to help you!
What kind of time and financial investment is required?
You’re running a veterinary practice, so we know your time is scarce. That’s why we’ve streamlined our process to minimize the impact on your schedule.
On average, our customers only need to dedicate 6-8 hours of time spread out over the span of a few weeks to implement Profit Solver. Less than the equivalent of a full working day!
The monetary investment depends on the size of your practice. You can click here to visit our pricing page and see a full price chart.
We know that the viability of your practice depends on the financial decisions you make, which is why we offer our 100% return-on-investment guarantee to all customers, regardless of practice size. We promise that you’ll double your investment within your one-year service period or we’ll give you a full refund.
We want to make implementing Profit Solver as swift and risk-free as possible for you.