Creative ways to keep costs down

Creative ways to keep costs down

You don't need to make drastic changes to lower your overhead.
Dec 03, 2008
By staff
Tough economic times or not, saving money in your practice is always a good thing. So think outside the box and use these strategies to cut costs.

Barter. Are you having drainage problems in one of your clinic’s sinks? Perhaps one of your clients is a plumber and would be willing to trade his services for free or discounted veterinary care. Bartering networks like Itex, the National Association of Trade Exchanges, and the International Reciprocal Trade Association can help you get started. To avoid any legal issues, when filing your taxes, be sure to declare any services or products you receive as income.

Use group purchasing. Assuming you have a cordial relationship with your competitors, try teaming with other veterinary clinics to purchase drugs and supplies in bulk. You can often score great discounts from suppliers eager to make a large sale.

Stop paying for things you can get for free. If your employee break room has a five-gallon water jug, you’re probably wasting money by ordering refills. Instead, install a filter on a faucet and fill the jugs yourself. This will also save you the hassle of coordinating water shipments.

Change your light bulbs. You probably already know about the savings you can see by switching to energy-saving light bulbs. So why haven’t you done it yet?

Go paperless. From paychecks to patient records, the less paper you can use, the better. If you’re not ready to go completely paperless, start small. For example, instead of sending out client reminders through the mail, set up an e-mail list to reach them electronically.

Give more vacation days. Scraping together money for holiday bonuses? Instead of cash, offer additional vacation days for the upcoming year. It won’t help with holiday spending this year, but your employees will thank you later when they have an extra day or two to spend on the beach.

Hot topics on dvm360

Veterinarians: Your clients are going to Google with these cat questions

Search engine shares the top 10 questions people asked about dogs and cats in 2014.

Vetcetera: The complex topic of canine fear-related aggression

A guided tour of resources for addressing this popular and complicated subject, featuring advice from Dr. John Ciribassi.

Reality TV and the veterinarian: Discussing mainstream dog training advice with clients

Your clients may be getting behavior advice from cable TV. Get your opinion in the mix.

Blog: Election results pose obstacles for veterinary prescription law

Flip in U.S. Senate's majority may slow progress of Fairness to Pet Owners Act.

7 steps to a better relationship between veterinarians and rescue groups

A DVM in the city shares his advice to veterinary practices for working with rescues.