A veterinary blog for pet lovers, vet voyeurs and the medically curious...
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Pet Economics 101 Cost vs. quality choices, veterinary responsibility and client cluelessness
The cost of veterinary medicine is steep—we all understand this truism from personal experience…vets included. But the cost of veterinary care can be diagrammed on a price/quality axis so that owners can access a spectrum of these choices based on their needs, their goals and their ability to pay. But don't be confused...this post isn’t about the many ways to get better quality care for your... January 19th, 2009 55 CommentsPet Economics 101 PennHIP vs. OFA: Better medicine vs. better marketing
It’s like VHS over Betamax, the US standard microchips vs. the world’s ISO, the PC’s dominance over the Macs’ operating system, the Kwerty keyboard over other more intuitive models… Though you may disagree with me on some of the above examples, the history of technological standards is littered with ways in which arguably far better models lost out over their lesser rivals. And it usually... January 11th, 2009 48 CommentsPet Economics 101 Why I buy into pet health insurance…but don’t actually buy it
Like many veterinarians with a bugaboo about access-to-care issues for pets of all stripes, I really like the idea of pet health insurance. Though the veterinary industry at large is still suspicious of what insurance for veterinary expenses might mean for the future of veterinary medicine (reference veterinary incomes), I’m optimistically gunning for the pet health insurance market to take... January 5th, 2009 39 CommentsPet Economics 101 Vaccine cost and veterinary profits: The price of protection
“A rabies shot costs $30? I bet you buy that vaccine from the manufacturer for $3. So you want to charge me a 1000% markup. Seriously?” This outburst was brought to you by one smart-cookie client from last week. She’d worked for a veterinarian in the past so she’d always received her vaccines at cost. She new what a lot of you don’t know: Vaccines themselves are cheap! But vaccines never... December 29th, 2008 36 CommentsPet Economics 101 Price differences in veterinary care (WTF!?)
Last week our hospital received a terse letter from a client complaining about her $600 dentistry bill. “Outrageous,” she wrote. The owner had left in a rush without picking up her estimate, waving it off with an “I’m sure anything you need to be done will be fine with me. I trust you.” So much for trust. Our fault, of course, for allowing her the privilege of running away without an... December 17th, 2008 63 CommentsPet Economics 101 Six reasons why this vet won’t ever offer multiple pet discounts
I may never get some of you to agree with me on this but there you have it. I don’t now and won’t ever offer discounts to my clients for either owning many pets or bringing in more than one pet at a time. I know that many of you rely on your veterinarians’ multiple pet discounts by way of saving significant amounts on your pet bills. I would never begrudge you your right to seek such... December 3rd, 2008 74 CommentsPet Economics 101 Pet pharmacy smarts: Ten ways to save BIG on your pet’s Rx bill
A vet can learn a lot from her clients. All she has to do is ask the right questions. In this case it’s about saving money—this time on your pharmacy bill. In this post my clients pony up on how they save big $ on their Rx’s. So if you spend any money on pet prescriptions you’ll definitely want to read this. Most of what I have to say won’t make most vet hospitals happy (so you know, the... November 21st, 2008 64 CommentsPet Economics 101 How vets get paid (and how it affects pet owners and patient care)Would you prefer a vet who gets paid as a percentage of what she charges you?...or one that works on a salary? Some of you might assume the one on a straight-up salary might be easiest on your wallet: After all, she’d have no incentive to run up your bill. And you might be right. A vet on salary who holds no stake in the practice’s profits tends to offer less (on average) than a practice owner... November 7th, 2008 28 CommentsPet Economics 101 The high price of feeding our pets (and why some vets are between a rock and a hard place)In case you hadn’t noticed, the price on that bag of pet food Fluffy eats is much higher than it was ten years ago. In fact, the consumer price index of pet foods is up by 23% over a decade ago. And 10% of that? It’s hit us over the past year. Rising fuel costs, grain costs, inflation and the weak dollar are all to blame for this recent surge in pet food prices—not to mention the incalculable... November 6th, 2008 37 CommentsPet Economics 101 Is veterinary medicine recession-proof? How do you vote?I’ve heard tell that the only items that are recession-proof are lipstick and porn. While I wouldn’t know about the latter, the first is one I’ll fess up to. I can always dig up $7 for a new lip gloss when I need a “can’t-afford-nuthin’-else” pick-me-up. The same, however, can’t be said for veterinary medicine. The last month has been interesting, to say the least. Never have I witnessed such... October 29th, 2008 36 Comments |
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