Site Index - Veterinary Economics
CVC 2009
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Associate Know-how
Associate pay outpaces inflation
The average associate salary was $84,331 in 2007, exceeding the 2005 average by 17 percent, the Veterinary Hospital Managers Association reports.
Streamline your senior care to improve compliance
Here are strategies to encourage internal and client compliance that work:
Owners' and associates' views differ on team training
Owners and associates aren't on the same wavelength when it comes to team education. What's causing the divide?
Gender shift
Women are less likely to own a veterinary practice, even when you account for age.
Preventing zoonotic diseases
To reduce the risk for pets and people, the new thinking should be, "We're all in this together."
The skinny on fat pets
It's the elephant in the room. We all know pets are getting fatter, but just how fat? Until now, there was no concrete data.
Tips to help associates stand out
Here's how to help associates shine.
I've been sued. Now what?
Your Medical Career and financial stability flash before your eyes. A gut-wrenching feeling takes hold. This is it; you've been hit with a malpractice lawsuit.
See associate veterinarian compensation ranges by practice type
Clueless about compensation ranges? Check out this chart.
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Associate Management
Nailing down a noncompete
What time frame is valid for a noncompete clause in an associate's contract? What distance from my practice do I use as a boundary?
Dental disinterest of new associates
Q. It seems like recent veterinary school graduates aren't interested in dentistry. Why this lack of interest among my associates, and how do I overcome it?
See associate veterinarian compensation ranges by practice type
Clueless about compensation ranges? Check out this chart.
Calculate associate pay with this formula
Compensation: Case closed. Solve the mystery with this sample calculation.
Get a clue: Associate compensation
Owners and associates want to know the truth, but often each side is mired in mystery.
Owners: Pique associates' interest
Dr. Brent Cook, the co-owner of Kingsbrook Animal Hospital in Frederick, Md., learned firsthand that helping his associates become comfortable with a new equipment purchase is key.
7 strategies for finding and keeping great associates
Good associates are rarer than hen's teeth, so how do you attract them to your cozy practice and keep them?
Starting an associate on ProSal
Q. My associate earns 22.5 percent of her total production. Of that, about 17 percent is wages and the remainder is fringe benefits. She also receives a bonus. How can I switch her to ProSal without giving away the farm?
Get it in writing
I'm an expert witness for a practice owner who is being sued by two former associate doctors. What caused this litigation? Poor communication and a contract written on a napkin.
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Benchmarks
Tips for tracking compliance with software
Leverage your software to help you track compliance. Here's how.
A Study of Well-Managed Practices
Here's more about Benchmarks 2008.
Get a clue: Associate compensation
Owners and associates want to know the truth, but often each side is mired in mystery.
A financial physical for your practice (Proceedings)
Just like a yearly pet's physical, your practice should have a look under the hood at least yearly.
Reinvent and renew your practice
The story of a practice makeover that's been years in the making. It's inspirational and humorous because of the owner's positive outlook, along with his love and respect for his profession, his team, his patients, and his clients.
Comparing your fees to Well-Managed Practices'
Compare your value-based fees with Well-Managed Practices'.
Benchmarks 2007: A study of Well-Managed Practices
Click on the link to learn more about this invaluable practice resource.
Conducting a community survey
Use this tool from Benchmarks 2007 to gather information about other practices in your area.
Don't believe everything you hear about fees
It's time to reconsider these myths and misconceptions about pricing.
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Book Store
Pet lovers read on
Veterinary Economics Editorial Advisory Board member Dr. Marty Becker and other authors of "Chicken Soup for the Pet Lover's Soul" and "Chicken Soup for the Cat and Dog Lover's Soul" will release two new books on Oct. 11: "Chicken Soup for the Dog Lover's Soul" and "Chicken Soup for the Cat Lover's Soul.".
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Building the Bond
An old dog's last stand
Love for a feeble, weathered Labrador came quickly for this veterinarian.
House of the dead
I had just come in from a walk when my phone rang. As any veterinarian knows, getting a call this late at night could mean only one thing: a sick animal.
Did Father know best?
Probably not, but I learned better client care when my dad ignored my advice and picked a pet with his heart—not his head.
A loyal pup who never forgot Mom
This surprise visitor taught one girl—and future veterinarian—that sorrow and sympathy aren't just human emotions.
Hanging tough
You never know what you're going to see in practice—it can be a real mixed bag.
Life, love, loss
Saying goodbye is never easy. And you face this undeniable fact of life every day. The upside: You're in a position to ease your clients through the grieving process and help them celebrate the pets they love.
Puppy parties bond patients to practice
Dogs can't wait to get through the front door of Chanhassen Veterinary Clinic in Chanhassen, Minn. For 12 years, the clinic has been throwing free puppy parties in its reception area.
Sunshine on a rainy day
Just like this doctor, you may find the letters, photos, and mementos you receive from clients provide a critical pick-me-up when the tough days seem to outweigh the joys of practice.
About a dog
One doctor talks about the patient that was hardest to lose.
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Buying and Selling
Practice sales, loans weathering the storm
NATIONAL REPORT — Anyone wishing to buy or sell a veterinary practice shouldn't have any more difficulty doing so than they would have had before the recent sharp downturn in the U.S. economy.
Banks still bullish on veterinarians
Though the economy is struggling, veterinary lending is alive and well.
Determining a discount factor
There are a number of factors to consider when determining a discount factor.
Financial crisis: little impact to practice sales, loans
The economic downturn has had little effect so far on the buying and selling of veterinary practices.
Video: Why you need a practice valuation now
Gary Glassman, CPA, explains why you need to value your practice years before you sell.
6 reasons to mentor associates before you sell your practice to them
"Here are the keys; see ya!" doesn't cut it as a transition plan.
How two practices become one
I'm considering a merger with another local practice. How do I go about it?
Lessons from an unsellable practice
A hard-working solo veterinarian reaches 67 years of age and wants to sell his practice and retire after 25 years of building it up. It's a no-brainer — or is it?
6 profit-earning purchases for new and established clinics
As you build, consider making these six profit-earning purchases.
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Career Development
Can your practice pull an all-nighter?
Practice owners must consider a variety of factors before offering 24-hour care.
Birth order can determine career choice
Sibling rivalry takes on a whole new meaning with a study on careers and earnings.
The lost art of the physical exam
Many veterinarians fail to perform full physical exams, instead jumping into quick diagnostics.
Banks still bullish on veterinarians
Though the economy is struggling, veterinary lending is alive and well.
Building a green practice: Part 10
Dr. Michelle Chappel discusses how building a veterinary practice changed her perspective on veterinary business and medicine.
Setting up shop in a resort town
Can a tourist-supported practice succeed?
A midsummer night's tail: Don't be scared off by rewarding challenges
Fleeing in terror is sometimes an overreaction, as I learned one memorable evening.
Dr. Kevin Fitzgerald: Consistency is key
We should strive to bring intensity and focus to all cases.
Fall is the time for new beginnings
Just because you've graduated doesn't mean you can't go back to school.
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Case Study
Case study: Investing in overnight care pays off
"Clients like to know their pets will be taken care of by doctors they know and trust in an emergency, so having a doctor on staff 24 hours a day just makes sense to us," says Dr. Tom Nelson, co-owner of Animal Medical Center in Anniston, Ala. "Besides, the nearest emergency clinic is 60 miles away."
Case study: Tours build the bond
Hospital tours attract new clients and cement your bond with existing ones. "We like to take the mystery away," says Dr. Lisa Barlow of Centennial Valley Animal Hospital PC in Louisville, Colo. "We think hospital tours help clients feel better about leaving their pets here."
Case study: Visiting specialist wins clients and revenue
Dr. Brad Rosonke, owner of Hillside Animal Hospital in Scottsdale, Ariz., has little interest in dentistry. But he knows that offering dental services means better care. His solution: Hire a dental resident.
Case study: Senior testing education enhances care and compliance
Dr. Daniel Brod, co-owner of Deer Creek Animal Hospital in Littleton, Colo., says that in about one of every four senior dogs he tests, he identifies early disease processes, such as renal, liver, or thyroid disease?that's about 15 percent higher than in younger dogs at his practice. And he sees similar results in his feline patients. So the benefits of testing are clear. And his team took just a few steps that helped to increase compliance.
Staff training program increases heartworm preventive compliance
You know how important heartworm preventive is and likely prefer clients buy 12 months worth of preventive at once, so they don't delay when they need more and risk the pet's health. After sending a practice manager to an AAHA pilot program on compliance in 2003, Suburban Animal Clinic in Columbus, Ohio, implemented a few changes to increase 12-month heartworm preventive compliance.
Case study: Boosting repeat visits and dental care
Reminders and increased client education lead to improved care at this Florida practice.
Case Study: Upscale Boarding Keeps Pets and Owners Happy
"I didn't like boarding my dog in a little cage," says Dr. Henry Inglesby, owner of Suwanee Pet Suites and Animal Care Center in Suwanee, Ga. Assuming other vacationing dog owners also hated the thought of leaving their precious canines in tight quarters, he decided to replace the cramped cages.
Case Study: Tap Retired Workers to Make Callbacks
For 12 years, Dr. Steve Bishop and his crew at Animal Care Hospital in Phoenix have been tapping the retired population to make callbacks in the early evening. Doing so frees time for receptionists to work on other jobs, he says. "Plus, the hourly pay is less than for a receptionist, and the workers are more flexible with their time."
Case Study: Hip Screenings may Help Improve Quality of Live
During a continuing education meeting held by local orthopedic specialists, Dr. Mike McLaughlin, owner of Animal Medical Center of Cumming, in Cumming, Ga., was intrigued about a surgical procedure called TPO, or triple pelvic osteotomy. He heard the specialists say that some large-breed dogs with hip dysplasia can enjoy an improved quality of life, or at least a slowed disease progression, by undergoing TPO.
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Click & Copy
Client arthritis handout
A form like this one helps clients understand how arthritis affects their dog.
Applicant evaluation form
Use this form to help you document hiring decisions.
How to discuss supplements with clients
Nutritionist Dr. Susan Wynn shares her expertise on supplementation communication.
6 profit-earning purchases for new and established clinics
As you build, consider making these six profit-earning purchases.
Prescription pad pages
Make prescription refill requests easier on clients and receptionists with these easy-to-use prescription refill pad pages.
Six simple tips to rev up refills and revenue
A few tweaks to your paperwork and front desk, and refill annoyances will be a thing of the past.
ROI worksheet
Download this PDF worksheet to get an ROI formula and a list of essential questions.
Make sure new equipment pays off
Before this doctor bought a single machine, he did his homework. The first thing he considered: cost-effectiveness.
Feline heartworm Q&A
A form to answer clients' most common questions about the disease.
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Client Communication
Keeping pets warm
Pets need a little extra TLC in the cold winter months.
Client e-mail template
Stop calling clients and e-mail them instead using this timesaving template.
Video: How to recommend an expensive treatment
Your clients' wallets may be stretched, but their pets' health should still be a priority. Dr. Jim Kramer gives tips on recommending pricey treatments.
Video: Creating a feline-friendly practice
CATalyst's Dr. Jane Brunt offers tips on how to treat cats well—and draw more of their owners in the door.
Live from CVC West: The endless balance of revenue and expenses
Especially in the current economic environment, you may hate that moment when you ask the client for money. In this audio clip from Progress in Practice, consultant Denise Tumblin addresses this issue and talks about how to explain the value you're offering as you make your recommendation.
Web site aims to help clients grasp canine heart disease
St. Joseph, Mo. -- A new Web site aims to help pet owners better understand how to protect their dogs from heart diseases, which affect more than 10 percent of all dogs and 60 percent of older dogs.
Are your clients' children too young for exotic pets?
Doctors warn that some pocket pets could cause illnesses and injuries.
Hablamos Espanol aqui?
What can I do to be sure my practice is accommodating the needs of the Hispanic population?
Video: Putting nervous clients at ease
Dr. Jim Kramer discusses communication techniques for comforting anxious clients in the exam room.
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Client Education
Keeping pets warm
Pets need a little extra TLC in the cold winter months.
Video: How to recommend an expensive treatment
Your clients' wallets may be stretched, but their pets' health should still be a priority. Dr. Jim Kramer gives tips on recommending pricey treatments.
Client arthritis handout
A form like this one helps clients understand how arthritis affects their dog.
A helpful Halloween safety handout
This PDF handout will help clients keep their pets safe from Halloween hazards.
Web site aims to help clients grasp canine heart disease
St. Joseph, Mo. -- A new Web site aims to help pet owners better understand how to protect their dogs from heart diseases, which affect more than 10 percent of all dogs and 60 percent of older dogs.
Help pet owners understand arthritis
Clients often fail to recognize the onset of arthritis in their pets.
Talking to clients about weight loss
It takes a compassionate approach to get clients to comply with diet and exercise recommendations.
Dogs help kids combat obesity
Kids get off the couch to play with their furry friends.
Are your clients' children too young for exotic pets?
Doctors warn that some pocket pets could cause illnesses and injuries.
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Client Relations
Keeping pets warm
Pets need a little extra TLC in the cold winter months.
Video: How to recommend an expensive treatment
Your clients' wallets may be stretched, but their pets' health should still be a priority. Dr. Jim Kramer gives tips on recommending pricey treatments.
Video: Creating a feline-friendly practice
CATalyst's Dr. Jane Brunt offers tips on how to treat cats well—and draw more of their owners in the door.
Client arthritis handout
A form like this one helps clients understand how arthritis affects their dog.
Video: Financially hurting? This veterinarian feels your pain
Dr. Jeff Rothstein, MBA, a Veterinary Economics advisory board member, shares some insights from the trenches in hard-hit Detroit.
A helpful Halloween safety handout
This PDF handout will help clients keep their pets safe from Halloween hazards.
Help pet owners understand arthritis
Clients often fail to recognize the onset of arthritis in their pets.
Tests crack canines' DNA codes
DNA tests can generate revenue and lure clients to your practice.
Talking to clients about weight loss
It takes a compassionate approach to get clients to comply with diet and exercise recommendations.