posted August 15, 2005
On Aug. 3, the National Commission on Veterinary Economic Issues released benchmarking models designed specifically to help food animal veterinarians improve their bottom line.
The economic models, available on the NCVEI's updated Web site at www.ncvei.org, are for practices dealing with beef, dairy, swine, alpacas and llamas, and goats and sheep.
Each of the species groups has approximately 12 tools pertaining to such aspects of a large animal veterinary practice as pricing, expenses, accounts receivable, productivity, product sales, and pay and benefits. A special feature allows mixed practices to make use of the tools, too.
Like the models for companion animal veterinarians, equine practitioners, and support staff, users select a topic, answer a series of questions related to that topic, and then instantly view charts and graphs showing how he or she compares with other food animal practitioners.
Also featured is a "recommended treatment" section offering guidance on changes that might be economically helpful to the user's practice.
The NCVEI developed the food animal models with a $150,000 grant from the AVMA. During the past year, the commission drew on the expertise from veterinarians, consultants, and managers in the various food animal areas to ensure that the tools are practical, easy to use, and valued by participants.