TUESDAYNovember 1, 2022

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!


You are the owner of your veterinary career 
As you prepare to enter the professional job marketplace, it’s important to have a sense of ownership over your career, veterinary industry recruiter Stacy Pursell writes this week. 

This entails several key steps such as being proactive, expanding your network, continually advancing your skills, being open to new opportunities and not allowing fear of change to get in the way of growth. 

Given how difficult it can be for veterinary employers to keep their staff onboard in such a tight job market, some organizations are trying to keep their employees from looking at other opportunities or talking to recruiters. But, Stacy notes, there’s nothing wrong with looking for ways to improve your career. 

“Never allow an employer to make you feel as though they own your decisions or that you can’t consider other opportunities,” Stacy says. “Instead, work for employers that truly care about not only your experience with the organization but also about your career overall.” 

Read the full article here.

Vetama: Supporting veterinarians as they open their own mobile clinic 
Vetama’s franchise model allows veterinarians to build their own full-service mobile veterinary care business with back-end support. 

The company aims to offer general practice veterinarians the opportunity to work independently by knocking down funding and administrative hurdles. Financing is available to new franchisees to decrease their risk. 

Veterinarians who open clinics with Vetama get a van with standard diagnostic equipment along with a business management team to help them run the practice. The company also provides franchisees with mentorship opportunities. 

“Veterinarians are overworked and underpaid,” Vetama co-founder and CEO Jacob Wright told the Fountain Report. “They want to focus on practicing medicine without sacrificing personal freedom or having the stresses of administration. Convenience is the No. 1 consumer factor today. Vetama answers both these needs.”  

> Read the full article here.

Petco and Nationwide will co-develop pet insurance plans 

Petco and Nationwide announced a multiyear partnership to co-develop pet insurance programs. 

“The customized, data-driven pet insurance solutions we’re developing in partnership with Nationwide will be designed to expand families’ access to Petco’s full range of pet care services, giving them longer and healthier lives together,” said Jenny Wolski, Petco’s senior vice president of omnichannel customer experience. 
The plans are expected to be available in 2023. 

> Read the announcement here. 

Commentary from Terry Sheehan: This seems like a formidable pairing for this venture. Both companies have significant databases and animal health industry experience.

Washington state regulators approve unaccredited veterinary technician training program   
Washington state regulators approved a veterinary technician training program that bypasses a national accreditation system, despite efforts by leading veterinary groups to block it, the VIN News Service reports. 

A practice group in central Washington is sponsoring the three-year program, which will allow graduates to take the Veterinary Technician National Examination and a state licensing test even though it’s not accredited by the Committee on Veterinary Technician Education and Activities or a veterinary medical board. 
Supporters of the program say it will help address the state’s veterinary workforce shortage. Opponents say it will undermine efforts to create uniform standards for technicians. 

> Read the full article here.

Zoetis launches wellbeing initiative for veterinary professionals 
Zoetis has launched an initiative meant to help veterinary professionals build a better standard of wellbeing at their practices. 

The initiative, called Project WAG—Wellbeing and Growth—“provides all veterinary professionals…with easy access to resources and tools designed for self-care to help them set healthy boundaries at work, connect with the community and create more joy in their day-to-day work,” according to the announcement. 

Resources are available at the initiative’s website, 

> Read the announcement here.

Pet product costs are creating a ‘crisis in companion animal welfare’ in Australia, with concerns growing around the world 
Pet product costs in Australia rose nearly 12% in the year ended in June, double the rise shoppers are seeing in prices for their own food and drinks, official data shows. 

Pandemic effects and the war in Ukraine have pushed up prices for food, fuel and other essentials, as well as pet food and other pet products. Animal surrender rates are up, and some shelters have reported dropping adoption rates since last year, said Rebecca Linigen, an animal welfare advocate with Four Paws Australia. 

“This is a crisis in companion animal welfare for our nation, with real fears that animals will be abandoned on the streets to fend for themselves if they are considered a financial burden,” she said. Pet food prices are up around the world as ingredients become more expensive, the BBC reports. 

> Read the full article here.

The Vet Watch Weekly Insight Report 
Year-to-date revenue during the week ending October 22 was up 5.1% at veterinary practices across the country, according to the latest Vet Watch™ Weekly Insight Report. 

Total invoices were down 2.3%, unique clients were down 2% and unique patients were down 1.8%. 

Month-to-date, revenue was up 0.4% from the same period last year. 

The full report is available from Animalytix. 

> Read the full article here.

TS: This service is even more important to follow in this economic environment and provides a nice measuring tool for all facets of companion animal health.
This week’s Veterinary Student Insider was compiled by managing editor Breanna Demaline and industry consultant Terry Sheehan. 

Like what you read? Click here to sign up for free. 
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