American Animal Hospital Association’s Post

📢 Are you following Win Lippincott? If not, you're missing out 😮 🤝 He's a Senior Partner here at Ackerman, and one of the industry's foremost thought leaders on growth and strategy. ➡ Follow along each week and join the discussion!

It's the moment you've all be waiting for! 43.5% of the multi-DVM veterinary practices in the US are corporate-owned. If you want to get really fancy, 47.5% of the multi-DVM practices that corporate would entertain owning (due to geography) are already owned by corporate. Groups tend to avoid practices in which there are fewer than 20k households within a 20-minute drive time - too little growth potential and too much clinician recruiting risk for their appetites. Barring bad, bad things happening to the economy, 2024 will likely be the year that the latter figure gets to 50%. I'd target July/August, based on the acquisition trends we watch. We're still a long, long, long way off from "full consolidation".

Discover the VMG Economic Data Dashboard – your new go-to resource for data-driven insights into the economic health of the veterinary industry. This innovative tool is open to the public and designed to empower you with actionable data to navigate the complexities of our industry effectively. Key Features: Comprehensive Economic Data: Stay informed with up-to-date macroeconomic trends such as expenditure and inflation tailored for veterinary services. Monthly Surveys: Gain valuable insights from monthly surveys conducted with VMG members, offering a regular pulse on market conditions. User-Friendly Interface: Easily access and interpret critical economic indicators with our intuitive dashboard. Access to timely and accurate data is crucial for making informed decisions. Start leveraging these insights to drive your practice forward and stay competitive in today's rapidly evolving veterinary landscape. Check out the VMG Economic Dashboard today! Visit our website for more details. https://zurl.co/h5lo #MyVMG #VeterinaryManagement #EconomicInsights #VeterinaryProfessionals

Discover the VMG Economic Data Dashboard – your new go-to resource for data-driven insights into the economic health of the veterinary industry. This innovative tool is open to the public and designed to empower you with actionable data to navigate the complexities of our industry effectively. Key Features: Comprehensive Economic Data: Stay informed with up-to-date macroeconomic trends such as expenditure and inflation tailored for veterinary services. Monthly Surveys: Gain valuable insights from monthly surveys conducted with VMG members, offering a regular pulse on market conditions. User-Friendly Interface: Easily access and interpret critical economic indicators with our intuitive dashboard. Access to timely and accurate data is crucial for making informed decisions. Start leveraging these insights to drive your practice forward and stay competitive in today's rapidly evolving veterinary landscape. Check out the VMG Economic Dashboard today! Visit our website for more details. https://bit.ly/3YLAhAo #MyVMG #VeterinaryManagement #EconomicInsights #VeterinaryProfessionals

A great read--reflecting on the past quarter can play an essential role in gauging the financial health of your practice. If you're curious about how you can supplement your PMS with in depth insights on sales, operations, and marketing, feel free to give me a shout!

As the landscape of L&D evolves, Tally Butler of Mars Veterinary Health emphasizes the importance not only of mastering tools but truly understanding stakeholder needs to drive meaningful business transformations. The real magic in our field isn't just about technology—it's about the art of making connections, analyzing needs, and effectively communicating solutions. Click the link to hear the full conversation on the #LearningLeaderSpotlight. https://lnkd.in/eVdCaa3Y #LearningAndDevelopment #CorporateTraining #TalentDevelopment #LeadershipTraining #WeAreTrainingPros

Ever wondered who's shaping the future of the animal nutrition and health sectors? The secret might surprise you... 🐾 Adaptability is not just a skill—it's a leadership imperative. The animal health & nutrition, and pet sectors are evolving at an unprecedented pace. Leaders who embrace change and foster innovation are the ones shaping the future. 👉 Your thoughts matter! Excited to hear your experiences and perspectives on change leadership in the animal health & nutrition and pet sectors. Jump in the comments below, hit the like button if you agree or share with fellow leaders. Let's shape the future together! #ChangeLeadership #Innovation #GRNHighPlains

As we continue with our blog series, “Just One Thing,” the eighth post discusses supporting practice health by reflecting on Q1. High production and productivity support veterinary practice health. But where can we start identifying opportunities to maximize these measures? An outcomes-oriented approach, focusing on revenues, can provide valuable insights. With the first quarter of the year just wrapped up, now is a perfect time to take stock and seek to identify financial trends in your practice. There’s ample time for deliberate action and adjustments through the remainder of 2024. https://bit.ly/3JcyCL3

start. There are good signs for the industry: inflation is down, a soft landing seems possible and the people in the industry seem positive. I wonder, however, if the industry might be nearing a crossroad. As I review quarterly earnings reports from the public animal health companies, I see companies increasing prices in the 4-6% range. To read Randy Freides’ full viewpoint and to view our full newsletter, click here: https://bit.ly/48QUuac

Data is one of the most overlooked opportunities in veterinary practices today, and it’s something that can truly transform your business if used correctly. Big players like Chewy have huge amounts of data driving their decisions, and while smaller practices may not have the same resources, there's a lot you can do with the data you already have. If you're not measuring key metrics—whether it's client acquisition, retention, or service efficiency—you’re missing out on valuable insights that could help you grow. The truth is, if you don’t measure it, you can’t improve it. It’s not an instant fix, but by focusing on analytics, you can make meaningful changes that lead to long-term success. #VeterinaryPractice #DataDrivenDecisions #VetMarketing #Analytics #PracticeGrowth #VeterinarySuccess #BusinessStrategy #VetPracticeManagement