March 31, 2009
Weathering the storm: How practices are coping with the recession
Emergency and acute care are on the rise as clients try to save money by postponing care for ill pets, according to practice managers and owners who participated in a series of discussion groups on "Weathering the Recession" at the AAHA Yearly Conference last week. Veterinarians reported fewer visits but higher average transaction costs as a result of clients attempts to control spending on pet care. Practices’ individual economic situations varied, but many reported that people in their areas were fearful of losing their jobs and of spending money. Local layoffs from major employers had an impact on some practices. Not everyone was feeling a slowdown in business, but those who were described the various ways they are trying to get clients to stick with their practice.