TUESDAYFebruary 14, 2023

Dear Veterinary Student,

Whether you have considered practice ownership or plan to enter the profession as an associate, veterinary business education has never been more crucial to your career. This weekly publication is designed to supplement your education by providing information on veterinary business including ownership and management, finance operations, communication, team building and emerging technologies that will shape the future of veterinary medicine.

New to the Veterinary Student Insider? Click here to sign up for free. And if you like what you read here, share it with your peers!


How an insufficient reward system causes burnout in veterinary medicine          

When employees feel the payout isn’t worth the work they invest, they’re more likely to start feeling worn out and withdrawn at work. Without proper compensation, the probability of burnout increases. 

Things like routine overtime, lack of professional development opportunities and lack of appreciation from colleagues are all examples of this so-called insufficient reward trigger that can lead to burnout. 

In their latest article, experts at Galaxy Vets discuss how veterinary practice leaders can prevent this type of burnout. Learning what motivates employees, conducting adequate analyses and surveys, and helping employees meet their professional goals are all strategies that can help. Leaders should also make sure clients see how every team member contributes to the practice’s success. 

“By continuously collecting feedback from employees, you will be able to discover the most meaningful ways to add value to their lives,” the Galaxy Vets team writes. “Even if you are not able to tick every box on the wish list, it can help identify areas that can be improved, and your team will appreciate the open dialogue.” 

> Read the full article here.

Animal health industry saw higher employee turnover last year, with retention at all-time lows: Brakke          
More than half the U.S. animal health industry saw a higher employee turnover rate in 2022, according to a new report presented at VMX by Brakke Consulting. 

Seventy percent of the respondents in Brakke’s report saw a higher turnover rate last year. Thirty percent reported a drop in the acceptance rate for job candidates. Sixty percent of respondents failed to reach their hiring goals, and 59% said it took longer to fill a job opening since the pandemic. 

According to Jeff Santosuosso, who oversees recruitment activities for Brakke, employee retention levels across the animal health industry are at all-time lows. 

> Read the full article here.

AVMA leaders discuss how the veterinary profession can prevent burnout     

A session at the recent AVMA Veterinary Leadership Conference focused on the causes of and potential ways to address burnout. According to AVMA senior economist Clinton Neill, burnout can be caused by unfair treatment at work, an unmanageable workload, a lack of role clarity, lack of communication or perceived support from managers, or unreasonable time pressures. 

Burnout doesn’t just affect individuals; it affects the productivity of the entire workplace. To address burnout, Neill suggested using the Professional Quality of Life Assessment, which measures how health care providers feel about their work. He also noted a study being conducted by Cornell University that could provide tools for participants to help reduce burnout. 

> Read the full article here.

How can veterinary practices improve their approach to burnout?  

In this VetFolio podcast episode, Dr. Cassi Fleming talks with Dr. Dana Varble, chief veterinary officer at NAVC, about Varble’s recent article in Today’s Veterinary Practice, titled “We are treating burnout all wrong.” 

They discuss factors that make veterinary professionals uniquely prone to burnout and the importance of individuals and organizations working together to help prevent burnout. They also talk about the importance of having structured policies in place before facing situations that can lead to burnout. 

> Listen to the podcast here.

Virginia-Maryland veterinary students start NAVB chapter to promote diversity in the field   

Students at the Virginia-Maryland College of Veterinary Medicine have established a chapter of the National Association of Black Veterinarians to provide education and promote inclusion in the field. 

“In the food animal industry, there’s not a lot of people who look like me,” said chapter Vice President Takia “Kia” Williams, a member of the class of 2025. “I look forward to breaking down the barriers not only within food animal medicine but also within veterinary medicine as a whole and having open conversations about diversity and inclusion amongst all.” 

In addition to fundraising and community-building events, members plan to build mentorship opportunities and visit local schools to show students an example of diversity in the field. 

> Read the full article here.
This week’s Veterinary Student Insider was compiled by managing editor Breanna Demaline. 

Like what you read? Click here to sign up for free. 
Copyright © 2023 Antelligence, All rights reserved.
The Fountain Report

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list

This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
NAVC · 3628 Blakeford Club Dr · Marietta, GA 30062-5395 · USA