November 01, 2001

 

 Economic forecast positive for small animal practices - November 1, 2001

Posted October 15, 2001

 

An AAHA report finds that despite the economic downturn, the outlook for small animal practices remains promising.

According to the "AAHA Leading Practice Report: Practice Economic Results, Spending, and Inventory Forecasts," the majority of surveyed small animal practices have experienced growth for the first half of the year compared to the same period in 2000.

The report also finds that nine in 10 practices expect growth in gross revenue for the remaining six months of the calendar year compared to the same period last year.

"The spiraling U.S. economy doesn't seem to have a tremendous impact on small animal practice," said Dr. John Albers, AAHA executive director. "Most practices that we surveyed report growth, and many have plans for major equipment purchases and an increase in staff size this year."

The report is the first in AAHA's latest research initiative, a series of syndicated research studies to assist industry companies. The series features practice economic and purchasing data from surveys of more than 900 AAHA members throughout the United States and Canada.

Covered in the report, which can be purchased from the AAHA, are actual and projected gross revenue changes in outpatient services, surgery, hospitalization, laboratory, radiography/diagnostic testing, heartworm and flea product sales, therapeutic diet sales, and nontherapeutic diet sale.