California practices see revenue return

California practices see revenue return

Veterinary practices are back in the black after a long drought of poor year-over-year revenue numbers.
source-image
May 14, 2010
By dvm360.com staff

The gorgeous California sun is finally peeking through the recession cloud for veterinary practices in the Golden State, according to Tom McFerson, CPA, ABV, a partner with veterinary accounting firm Gatto McFerson in Santa Monica, Calif.

The 150 practices McFerson surveys are seeing year-over-year boosts from March on. Small animal practices in Southern California experienced revenue increases in March of 4 percent to 6 percent. Northern California practices saw revenue growth of 3 percent to 5 percent.

The hardest-hit hospitals—specialty, emergency, and referral practices—even saw a silver lining in their own dark cloud of months of revenue drops. They experienced a slight 0.3 percent increase in March after months of decreases of 5 percent or more.

Still hurting for revenue in your neck of the woods? Check the related links below for articles on cutting costs and boosting revenue.

Hot topics on dvm360

Follow dvm360 on Twitter, Facebook, and Pinterest

For quick updates and to touch base with the editors of dvm360, Veterinary Economics, Veterinary Medicine, and Firstline, and check us out on Twitter, Facebook, and Pinterest.

Sell veterinary clients on your service

But you don't have to have butler-style service to win new clients and keep existing clients happy.

Why veterinarians should be more like a Louisiana shoeshiner

If my veterinary clients feel half as good as I did after visiting the 'Michael Jordan of shoeshines,' I'll be thrilled.

Texts from your veterinary clinic cat

If your clinic cat had a cell phone and opposable thumbs, what would he or she text you?

Learning goodbye: Veterinarians fill a void by focusing on end of life care

Veterinarians dedicating their careers to hospice and euthansia medicine may be pioneering the profession's next specialty—at clients' request.