Understand the principles of veterinary business Flashcards
What is an independent practice?
a traditional private practice where the owner will most likely play a significant part in its day to day activities
What is a corporate practice?
a practice that is owned and operated by a company
What is a referral practice?
A specialist hospital that will have 24 hour care, and an emergency out of hours service
What is taking over a client after a second opinion appointment called?
supersession
What federation represents the interests and promotes the values of an independent practice?
Federation of independent veterinary practices (FIVP)
What are the three roles in practice?
- RCVS specialist
- Appointed veterinary surgeon
- Official veterinary surgeon
What is the practice standards scheme?
a voluntary initiative to accredit practices through setting standards and carrying out assessments
What are the three practice standards?
- core standards
- general practice
- veterinary practice
What is liability?
the state of being legally responsible for something
What does public liability insurance cover?
- injury, illness, or damage
- protects business if case is brought to court by a client or public
What is employers liability insurance?
covers the employer and business for compensation costs if an employee. becomes ill or injured due to work
What is professional liability insurance?
- professional mistakes/negligence
- covers costs if you are alleged to have provided inadequate advice that cause your client to lose money
What is the definition of negligence?
an act or omission by a medical professional that deviates from the accepted medical standard. of care
