What is the primary reason a veterinary practice should avoid delayed billing?

The primary reason a veterinary practice should avoid delayed billing is that it can create financial instability. Timely billing is essential for maintaining a consistent cash flow, which is crucial for the day-to-day operations of the practice. When billing is delayed, the practice may not receive payments for services rendered in a timely manner, leading to potential cash shortages. This financial instability can affect the ability to pay staff, manage supply costs, and invest in necessary resources or equipment to provide quality care.

Furthermore, delayed billing can disrupt the budgeting process, making it difficult for the practice to plan for future expenses or growth. Maintaining a healthy cash flow through prompt billing helps ensure that the veterinary practice can operate smoothly and sustainably in the long term.