Profit + salary in veterinary practice = My headache

Profit + salary in veterinary practice = My headache

source-image
Mar 01, 2013
By dvm360.com staff

Q: Do you have a formula that is commonly used in ProSal? And where does heartworm preventive fit in?

There is only one formula in ProSal, says Mark Opperman, CVPM, owner of VMC Inc. in Evergreen, Colo.

"The only formula in ProSal is the percentage—18 percent to 25 percent, including all cost of employment—that you receive for services you provide and the practice receives income for," Opperman says.

Production is defined as fees generated for services in which the doctor is formally involved in the delivery. The percentage determined between you and your employer is based on benefits you receive from the practice.

"Normally when you enter into ProSal, you should complete a Credit for Production sheet," Opperman says. "This form lists all the different type of income that might occur in the practice and notes whether that income is credited to the doctor or the hospital. For example, heartworm medication sold over the counter and outside of an office visit might not be credited to doctors' production."

Hot topics on dvm360

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.

The war between shelters, veterinarians needs to end

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

Making it work: Cavanaugh Pet Hospital dedicates itself to a positive, productive shelter relationship

Watch "Moustakas" benefit from Cavanaugh Pet Hospital's partnership with Furry Kids Refuge.

Ebola-exposed dog's first test for the virus is negative

Bentley will continue to be treated with an abundance of caution for the remainder of his quarantine, while his owner has been declared 'virus-free.'