How the government is helping practice owners
A paycheck protection loan and an economic injury grant are two of several business-friendly programs available to veterinarians.
Veterinary practices nationwide have suffered financially during the COVID-19 pandemic. Here are some of the best programs available that can help keep your hospital afloat and your employees employed. Paycheck Protection Program (PPP) This U.S. Small Business Administration program helps cover the cost of retaining employees. If revenue has declined, you might have cut staff […]
Chapter 4: Tales from the COVID-19 front lines
“I try to remind anyone in this profession that we should be so proud to be veterinarians now more than ever.”
This week: Exhaustion and stress have become commonplace as veterinary practices adapt to the new normal. At some hospitals, business is fine; at others, it’s not so good. Read other installments in this series: Chapter 1 Chapter 2 Chapter 3 Chapter 5 Chapter 6 Chapter 7 Chapter 8 Chapter 9 Chapter 10 Chapter 11 Chapter […]
COVID-19 resources: Watch and learn
Go online to hear from the experts.
Webinars and podcasts on the COVID-19 pandemic and what veterinary professionals need to know and do have been released or are scheduled. Available Now From VetFolio, LifeLearn Animal Health and NAVC, publisher of Today’s Veterinary Business “COVID-19: What We Know and Don’t Know,” with J. Scott Weese, DVM, DACVIM. View the webinar at https://bit.ly/2wSuuyC “COVID-19 […]
Veterinary practices warn of PPE shortages
A survey by Veterinary Medical Association Executives reveals supply chain worries and a willingness to donate equipment to human hospitals when possible.
Many veterinary hospitals are running low on personal protection equipment and are having trouble reordering supplies, a survey showed. Ralph Johnson, CEO of Veterinary Medical Association Executives, told members in an email April 2 that 22% of the more than 1,500 hospitals surveyed expected to run out of surgical masks in seven days or less. […]
Forecast is grim for veterinary services in 2020
Packaged Facts expects a pandemic-related thrashing of the U.S. pet market over the short term.
The coronavirus pandemic will batter the U.S. pet market in 2020 and especially the animal care sector, where revenue from veterinary services is forecast to plunge by 30%, according to the market research firm Packaged Facts. The company’s newly released report, “U.S. Pet Market Outlook,” predicts a 20% rebound in veterinary services in 2021, rising […]
A 5-step approach to telemedicine
E-consultations might be just what your practice needs — or maybe not. First, you have to assess the situation.
Is telemedicine the right solution for you? Well, that depends on the problem you are trying to solve. With COVID-19 putting the brakes on the traditional client experience, veterinarians are pushing the limits on innovation through new options like exams with a curbside wait and local home delivery for same-day product needs. Many are scrambling […]
AVMA convention remains on the calendar
The San Diego event is set to kick off July 31.
The American Veterinary Medical Association is reassuring people unnerved by the COVID-19 pandemic that its annual convention is still scheduled to take place four months from now. An email notice from AVMA CEO Janet D. Donlin, DVM, CAE, advised registrants and prospective attendees that “we’re proceeding with plans” for the convention, which is set for […]
Chapter 3: Tales from the COVID-19 front lines
Last week was difficult for practice owners and veterinary teams. The federal CARES Act could be a financial lifeline for some hospitals.
This week: For the most part, business is not booming at veterinary practices. The vast majority of hospitals remain open during the COVID-19 crisis, but many are postponing non-emergency services and some have reduced their hours, if not their staffs. Read other installments in this series: Chapter 1 Chapter 2 Chapter 4 Chapter 5 Chapter 6 Chapter […]
The Families First Coronavirus Response Act and you
Paid sick leave is an employee right, but veterinary practices can take advantage of new payroll tax credits.
Approved by Congress on March 18, the Families First Coronavirus Response Act consists of two parts of particular interest to employers and employees: Emergency Paid Sick Leave Act Emergency Family and Medical Leave Expansion Act Under the provisions, small and midsize employers can take advantage of two new refundable payroll tax credits from April 1 […]
Surviving the coronavirus recession
We can always be confident in the value and importance of veterinary care to society, no matter how stormy the economy.
For many veterinary practice owners, the last few days have represented the most significant and rapid period of change they have ever experienced. In a matter of days, practices are converting to curbside service, implementing telemedicine initiatives, adjusting staffing protocols, and responding to the latest government stay-at-home and PPE orders. As one who has worked […]