Veterinary practices miss $64,000 in fees each year

Veterinary practices miss $64,000 in fees each year

Take a look at the average annual missed charges for a full-time veterinarian.
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Aug 30, 2010
By dvm360.com staff

Veterinary practices are hemorrhaging money and don’t even know it. To show you how much money veterinary practices are losing each year, Mark Opperman, CVPM, owner of veterinary consulting firm VMC Inc., based in Evergreen Colo., studied 300 practices. Here’s the average breakdown for one full-time veterinarian.

Out-patient services

1. Fecals
The average hospital misses four fecals a week. At $19 each, this equals $3,800*.

2. Heartworm tests
The average hospital misses five heartworm tests a week. At $29 each, this equals $7,250.

3. Injections
The average hospital misses four injections a week. At $19 each, this equals $3,800.

4. Nail trims
The average hospital misses five nail trims a week. At $11 each, this equals $2,750.

In-patient services

1. Injections
The average hospital misses four injections a week. At $16 each, this equals $3,200.

2. Fluid therapy
The average hospital misses two liters of fluid used outside of the initial fluid charge a week. At $32 each, this equals $3,200.

3. IV catheters
The average hospital misses three catheters a week. At $34 each, this equals $5,100.

4. Radiographs
The average hospital misses four views (after the two initial views) a week. At $35 each, this equals $7,000.

5. Lab procedures
The average hospital misses four procedures a week. At $35 each, this equals $7,000.

Surgery income

1. Suture materials
The average hospital misses three packs a week. At $12 each, this equals $1,800.

2. Anesthesia
The average hospital misses four hours outside the initial half-hour fee a week. At $60 per hour, this equals $12,000.

3. Hospitalization
The average hospital misses three days a week. At $26 each, this equals $3,900.

4. Extra materials used
The average hospital misses $65 in extra materials a week. This equals $3,250.

*Yearly totals are 50 weeks to account for time out of the office.

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