More than 100 veterinary hospital managers provided information to create the feedback data for the July 2022 VHMA Insider’s Insights. The data confirms many of the now routine industry reports that note staffing issues, pressure to see more patients and longer hours.
- 63 percent believe their DVMs are significantly or somewhat more productive
- 31 percent said their DVMs were somewhat, significantly or unchanged in productivity
- 80 percent shared fee increases are generating more revenue in a given time period
- 69 percent indicated productivity is a component of DVM compensation
- Nearly 40 percent indicated their organizational operations and processes had improved
Source: VHMA Insider’s Insights, July 2022. Link. VHMA’s Certified Veterinary Practice Manager program has credentialed the knowledge and experience of veterinary management professionals for 30 years <Link>.
Doctor productivity and efficiency are very intertwined. Doctor efficiency is more about the time it takes for doctors to see cases whereas doctor productivity is about the dollar amount of revenue doctors bring into the practice.” – Karen E. Felsted, CPA, MS, DVM, CVPM
Also see: VHMA Insider’s Insights, June 2022. Link. DVM efficiency survey measurements from over 150 respondents showed 79 percent of DVMS could be much more or a little more efficient.
- 67 percent set and share clear written goals for DVM efficiency
INSIGHTS: We noted some opportunities in communicating measurements of efficiency and productivity with DVMs monthly.
Why measure someone if you’re not planning to routinely share the results?