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Consolidation in Veterinary Medicine: Why Isn’t Patient Care Getting Better?

Consolidation in Veterinary Medicine: Why Isn’t Patient Care Getting Better?

There are many supposed benefits of consolidation that are touted as being a reason why the corporatization of veterinary medicine might not be, at least wholly, a bad thing. Most of these benefits relate to improving the financial health of consolidated practices. At least in theory, better financial performance translates into practices being able to … Read moreConsolidation in Veterinary Medicine: Why Isn’t Patient Care Getting Better?

The Crystal Ball Part 2: More Predictions for the Next Decade of Veterinary Medicine

Veterinary medicine has gone through lots of changes over the last decade. We sit at an interesting inflection point for the veterinary industry, facing issues such as rapid corporatization and consolidation, an acute labor shortage, declining rural veterinary care access, exorbitant veterinary medical student debt, and an ongoing crisis of declining mental health within the industry. As we look back at … Read moreThe Crystal Ball Part 2: More Predictions for the Next Decade of Veterinary Medicine

Veterinary Market Trends – October 2023

The veterinary industry has enjoyed a long trajectory of growth, but never more so than in the period from 2018-22. After a strong and relatively steady bedrock Compound Annual Growth Rate (CAGR) of 5-7% in the preceding decades, pet health spending dramatically increased to a CAGR of 10.9% from 2018-22. Furthermore, that stretch can be … Read moreVeterinary Market Trends – October 2023

It’s Not Just Burnout: “Moral Injury” and How it Affects Veterinary Professionals

It’s Not Just Burnout: “Moral Injury” and How it Affects Veterinary Professionals

Warning: This blog post talks about issues related to suicide, depression, and mental illness. Anyone having thoughts of suicide are encouraged to contact the National Suicide Prevention Lifeline immediately at 1-800-273-8255 (TALK). If you are a veterinary healthcare worker who is seeking crisis help or other mental health support, resources can be found at Not … Read moreIt’s Not Just Burnout: “Moral Injury” and How it Affects Veterinary Professionals

Antitrust Enforcement: More Important than Ever in Veterinary Medicine

Antitrust Enforcement: More Important than Ever in Veterinary Medicine

Antitrust laws are designed to promote fair competition and prevent monopolies and anticompetitive practices in various industries. In the United States, the Federal Trade Commission (FTC) enforces antitrust laws through the enforcement of the Sherman Antitrust Act and Clayton Antitrust Act. By ensuring that companies provide their services in a competitive and accessible manner, these … Read moreAntitrust Enforcement: More Important than Ever in Veterinary Medicine

What Lessons Can Veterinary Medicine Take Away from the Silicon Valley Bank Failure?

The news has recently been dominated by the failure of Silicon Valley Bank, a financial institution whose clients disproportionately included venture capital-backed startup companies and founders. The bank’s management made irresponsible decisions regarding the investment of the bank’s deposits that limited the bank’s liquidity. When rumors of the state of the bank’s liquidity circulated within … Read moreWhat Lessons Can Veterinary Medicine Take Away from the Silicon Valley Bank Failure?

You Forgot to Make an Important Resolution this New Year!

As each year passes to the next, we often set resolutions to accomplish in the new year. Whether small or large, there’s a common theme of trying to get something done this year that we wish we’d done last year:  “I’m going to go to the gym more often.”  “I’m going to read more.”  “I’m … Read moreYou Forgot to Make an Important Resolution this New Year!

Expense Management: Conquer the Middle of Your P&L

The Profit & Loss statement of a veterinary practice is intimidating at first glance. There’s a lot of information on that one document, but it can generally be simplified into three main components:  Top, Middle, And Bottom. The “top line” of the clinic is the total revenues collected over the period of the P&L. Drawing … Read moreExpense Management: Conquer the Middle of Your P&L