NCVEI: 55 percent of practices experience first-quarter growth

NCVEI: 55 percent of practices experience first-quarter growth

This year looks better, but growth isn't guaranteed, says CEO of National Commission on Veterinary Economic Issues.
source-image
Jun 25, 2010
By dvm360.com staff

More than half of veterinary practices surveyed report growth in the first quarter of 2010 compared to last year, according to data collected by the National Commission of Veterinary Economic Issues (NCVEI).

The NCVEI asked visitors to its website to compare their first-quarter 2010 revenue to first-quarter 2009, and about 200 of them participated. Here are the results:

> 26.6 percent of veterinary hospitals saw growth of more than 5 percent
> 28.2 percent saw growth of 1 percent to 5 percent
> 12.2 percent saw no growth
> 20.8 saw a decline of 1 percent to 5 percent
> 12.2 saw a decline of more than 5 percent
"The general mood when talking to veterinarians is that 2010 looks a little better, but only 55 percent are seeing growth," says NCVEI's CEO, Dr. Karen Felsted, CPA, CVPM.

The nonprofit NCVEI is seeking May financial numbers to enter in its anonymous database at ncvei.org and encouraging veterinarians to complete a short survey on discounts.

Click here for the NCVEI website.

Click here for the survey on discounts.

Hot topics on dvm360

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.

The war between shelters, veterinarians needs to end

Despite practitioners’ legitimate gripes, they’re hurting themselves.

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.