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Corporate Groups

Why Cubex For Groups

With CUBEX, risk management is a profit center, not a cost. We’re dedicated to protecting the people, practice, and profit of all veterinary practices, but our corporate group programs offer a special benefit to enterprise customers of all sizes. Keep reading to learn how CUBEX can maximize the safety, efficiency, and profitability of your hospital group.

Increase Your EBITDA

To increase your EBITDA, simply collect all of the revenue you’re already earning. On average, $25,000 per FTE is lost in Veterinary practices every year due to human error in pharmacy revenue collection (missed charges), as well as inventory waste and shrinkage. CUBEX smart cabinets can recover that profit for your practice, driving a far higher EBIDTA and a much higher enterprise value as a result. Consider the following example:

A 20-practice group with a total of 50 FTEs decides to automate their inventory with CUBEX smart cabinets.

50 FTEs * $25,000 = $1.25M per year in additional EBITDA, or $62,500 per location
CUBEX drives an additional $8.75M in equity value for the group, or $437,500 average per location, assuming a sale price of seven times EBITDA (average in 2019)

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CUBEX IQ

When it comes to information, scaling data across dozens, or even hundreds of practices, can be a daunting task. Fortunately, CUBEX IQ has been built from the ground up as an enterprise-class business intelligence hub, featuring functionality with real-world value for corporate customers:

Monitor each site’s compliance with controlled substance protocols and alert management to discrepancies immediately.
Manage inventory levels by standardizing across regions or groups, or by varying them for each site
Measure seasonality and other predictable variances in optimum inventory with AI-assisted recommendations

CUBEX MiniPlus

The CUBEX MiniPlus is an all-in-one, narcotics safety solution that keeps your staff safe from the misuse of controlled substances while recovering missed charges for treatment injectables. With Department of Health compliant active and back stock storage capabilities, you’re able to store items ranging from controlled substances to surgical implants, all in one location. Charges are applied to patient invoices and inventory levels are automatically updated, reducing the risk of human error.

Full Controlled substance storage, both working and back stock
Fingerprint ID access
Automated narcotics logs
Access to medications in 15 seconds
Single item access for maximized security
Integrates with most industry practice information management systems
Over $13,000 per year in recovered revenue (on average) per doctor

How It Works

With the CUBEX MiniPlus, your practices can have uniform controlled substance protocols, while being monitored and managed by the corporate office for truly maximized safety across each location.

See it in action below.