Boosting Your Veterinary Practice's Bottom
In the ever-evolving world of veterinary healthcare, practice managers are facing an array of challenges. These challenges, compounded by the ongoing shortage of veterinary professionals and the relentless rise in operational costs, require innovative and resourceful strategies to ensure the financial strength of their clinics. It's time for veterinary practices not just to survive financially but to do so while maintaining the highest standards of care. This well-kept industry secret, known as the hidden profit booster, revolves around a simple yet powerful shift from national brands to Covetrus brands.
Trimming Expenses Without Sacrificing Quality:
Cost management is an ongoing concern for veterinary practices, as a significant chunk of their budget is dedicated to procuring essential goods and supplies. Among the numerous cost-cutting strategies, one stands out as a game-changer – transitioning from national brands to Covetrus® brands. This strategic move can potentially lead to cost savings of up to 30% on your crucial supplies.
Covetrus offers an extensive range of quality veterinary products, spanning from essential medications to critical surgical supplies, all at competitive prices.
Let's break it down with a real-life example. By switching to Covetrus brand products, an average three-doctor practice can save up to $4,000 annually on anti-inflammatories and antimicrobials. 1 Additionally, switching to Covetrus brand needles, syringes, infusion therapy, and sutures can save about an additional $4,100.1 The extra revenue can be channeled into upgrading equipment, expanding services, or investing in staff training.
These savings are not just numbers on a page; they represent tangible resources that can be strategically reinvested in the growth and development of your clinic.
Imagine the possibilities that open with this additional revenue – from upgrading essential equipment and expanding vital services to investing in comprehensive staff training programs. Covetrus brands empower practice managers to make financially savvy decisions while preserving and even enhancing the quality of care they provide to their patients.
Contact your Covetrus representative to receive a personalized Covetrus Brand Savings Report to help pinpoint where your biggest savings areas are located. This approach ensures that your practice thrives not by making compromises but by embracing excellence.
In the realm of veterinary practice management, the mantra "work smarter, not harder" rings true. The strategy of transitioning to Covetrus brands offers a unique opportunity to reduce the cost of goods, thrive without compromising care quality, and explore new revenue streams with remarkable ease. This single, potent approach equips practice managers with the tools to adeptly navigate the intricate web of challenges that define the industry.
By embracing this strategy, veterinary practices can not only secure their financial well-being but also uphold their unwavering commitment to providing top-tier care to their beloved animal patients. In essence, this hidden profit hack serves helps your clinic thrive without compromise!
1. Potential savings are based on the average annual usage of a 3-doctor practice. Savings comparison is based on the average pricing charged across all contractual price lists and does not include promotional discounting or any other pricing considerations. Individual customer potential savings will vary. Covetrus Internal Data, October 2023.
Through Vet Candy, Dr. Jill Lopez received compensation from Covetrus.
