Enhancing Knowledge. Enhancing Success.

The Blue Osprey Process

From time to time companies begin to skip a beat causing owners and management to weight their options. One mechanism to get back on track is outside consultation from a well rounded industry professional. Outside consultation can give a third party perspective to a developing or long standing practice. Blue Osprey believes in a focused, multi-tiered approach that will expose potential areas for improvement, enhanced business opportunities, and provide proposed solutions delivering a valued return to the practice. Potential clients need to be confident we can help; therefore every consultation starts with a preliminary call giving both Blue Osprey and the client an opportunity to mutually identify whether our services are needed. If it is determined that the practice could benefit from our services, and owners and/or management would like to move forward a discussion to determine what services are needed, scope of the practice, and goals on a preliminary basis will take place.

If you are not sure where to start, simply contact Blue Osprey by email, and we’ll help you determine what’s best for your practice and whether or not we can be of assistance, with a contact number for follow-up.

Below is an example of the Blue Osprey Process.

Exploratory Introduction

  • Email Contact or Introductory Call from Potential Client- Determination of interest and needs
  • NDA/Confidentiality Agreement: Signed by both parties (faxed or scanned and e-mailed)
  • Preliminary Discussion Points Checklist (downloadable from our website: Click Here)
  • Timeline for process (Takes 1-2 weeks to coordinate based on prior commitments and the schedules of all parties involved).

Step 1: Conference call

  • Detailed Q/A phone call (takes 30-60 minutes)
  • The call will include up to two members of our group (an experienced licensed veterinarian with industry experience and, when needed, one of our financial strategists.)
  • This call is designed to tailor a program that will achieve your practice’s objectives and choose which options for doing so best fit your agenda and desired timeline.
  • Due Diligence Check List (This is a list of all materials needed for proper due diligence, giving Blue Osprey the needed insight into the practice’s current and historical position to enable Blue Osprey team to deliver a useful result. All applicable materials are required before subsequent steps of the process can be undertaken or initiated.)

Step 2: Conference call

  • Practice Evaluation
  • A discussion of the Step 1 paperwork and Due Diligence Check List (financials, etc.)

Step 3: Implementation

  • Prepared Practice Implementation Plan (This is a description on where a practice can make improvements and how.)
  • General Recommendations and/or Practice Improvement Suggestions
  • Develop Goals, short and long term for the practice

Step 4: On site visit and Review

  • Up to two of our representatives will make an onsite visit (typically spending two (2) days)
  • Speak with key staff, doctors, and owners and watching the practice in motion.
  • Summary Report (with further recommendations if any) and Implementation Checklist
  • (During this process your accountant, financial advisor, etc. are expected to be available as needed.)

Follow-up Services:

  • On going support in the form of e-mail or phone calls
  • Evaluation Form
  • Re-Evaluation Visit(s) and/or Report(s): 3 month, 6 month, 12 month
  • Represent the practice during sales negotiations with potential buyers and or their representatives.