Now for something completely different. Are you one of the 76% of Australians that worry about being able to afford to pay for vet expenses if your beloved family member were to get sick or injured? Did you know that only 31% of pets are insured? Initial testing and screening is often viewed as a costly expense and only a small handful of progressive veterinary practices have embraced ongoing wellness subscriptions to account for it. When fees are too high to cover in one bite, buy now pay later solutions are often offered but with fees of between 4-6% charged to the practice they can be prohibitive to a practices profit margins, so much so that many simply don't offer them and a result either don't offer payment plans or rely on your doing consistent EFT payments until the invoice is paid off. Why don't more vets offer monthly or quarterly wellness plans and easy payment plans for unexpected and costly services? We plan to find out. I will be talking about these ideas, and other solutions Pinch Payments can offer at #TheVetExpo this Friday afternoon. At Pinch we have solved cash flow pain for a lot of businesses but this is new territory. With rising cost of living pressure, affording vet fees is becoming harder for Australian families and as a result keeping the lights on is getting more and more challenging for practices as a result. Meanwhile pet health suffers as a result. It is our goal to help more vet practices embrace things like subscriptions and payment plans to provide more comfort to their customers, while stimulating their own cash flow, in a cost effective way. As a pet owner would you find any of these solutions beneficial? I'd love to hear from you in the comments below. #vet #veteranary #vetpractice #vetcare #vets #pinchpayments #vettech #payments #fintech
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Simple, Easy to use Blood Glucose Monitoring PETRACKR® offers a revolutionary approach to tracking pet's blood glucose, with no coding required. Our easy-to-use test strips are auto-calibrated for cats and dogs. Plus, our mid-control solution is entirely optional, making testing a breeze. Here's what sets PETRACKR® apart: Effortless Setup: No coding needed. Simply insert the test strip, and PETRACKR® takes care of the rest. Auto-Calibrated Accuracy: Trust in precise results with our test strips calibrated specifically for pets. Flexible Testing: Mid-control solution is optional, offering greater convenience without sacrificing accuracy. PETRACKR® empowers you to proactively monitor pet health, helping in the management of diabetes. #pethealth #petcare #veterinarian #innovation #easytouse #automatedtesting #healthmonitoring #pets #wellbein
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This was a response from #VetBilling partner Mike Brewer, practice manager at Healthy Pet Veterinary Clinic in Madison, WI, to a question on the VHMA forum (Veterinary Hospital Managers Association) about setting up and managing wellness plans. “I use VetBilling to collect monthly payments for our clinic’s wellness plans, and I can’t say enough good about their company. They are extremely easy to work with, and if there is an issue with something I can get most things resolved in a single email. We also offer payment plans to our clients through VetBilling, which has been literally a lifesaver for many pets we’ve cared for at our clinic. The best part is that once we submit a payment plan or wellness plan using VetBilling’s software platform, they do EVERYTHING after that. If a payment is NSF or there is an expired card, THEY contact the client and do all the legwork to actually collect the payment, so we don’t have to. We used to use Premier Pet for our wellness plans, but we discovered that if the client stops paying the plan, Premier Pet still charged us (Premier Pet charges the practice once a month for every wellness plan enrolled, and an additional fee for each active plan). On several occasions a client’s bank account was NSF, or they stopped their payments, and we still got charged that monthly fee even though Premier Pet wasn’t collecting any payments for us. We don’t have to worry about any of that with VetBilling. The cost to the practice is extremely reasonable for the services VetBilling provides. We have over 150 active wellness plans and probably about 25 currently active payment plans, so having that regular income each month is nice. If you’re considering offering wellness plans, I would highly recommend doing your own and using VetBilling to manage the payments. I’m not affiliated with VetBilling in any way, I’ve just been a customer for about 8 years and have had an excellent experience.” https://vetbilling.com #veterinary #veterinarian #vetsofinstagram #vets #petsofIG #vetmed #veterinaryclinic #vetclinic #veterinaryhospital #petlove #petcare #pethealth
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Pet spend has surged, with US pet spending rising from USD 91 bn to USD 147 bn between 2018 and 2023. Recently, the market is starting to plateau. The growth has been driven by: ✅ Novel treatment options ✅ Growing demand for high standard of care ✅ Higher spending capacity thanks to insurance ✅ Increasing prevalence of lifestyle diseases With increasing demand for pet health solutions, businesses must understand pet parent’s priorities to capture maximum value. Ready to transform and elevate pet healthcare? #PetCare #AnimalHealth #VeterinaryCare
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During the pandemic, many of us found solace in the unconditional love of a new pet. Yet, as we opened our hearts, an unseen force was tightening its grip on our wallets. Private equity firms now own nearly 30% of veterinary practices in the US. This consolidation isn't just changing ownership - it's fundamentally altering the landscape of pet care, often at the expense of our beloved companions and the dedicated professionals who care for them. Veterinarians report being overworked and pressured to upsell. Pet owners face skyrocketing costs, with prices for vet services rising 60% since 2014. It's a situation that's forcing many to make impossible choices between their pet's health and financial stability. Senators Elizabeth Warren and Richard Blumenthal are now demanding answers. They're investigating how this trend affects the quality of care, pricing, and working conditions in the veterinary field. It’s hard not to draw comparisons between this and what we’re seeing in emergency medicine. What's your experience? Have you noticed changes in your vet visits? Read the full Rolling Stone article here: https://lnkd.in/eZiC5FeU
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Looking to empower your clients with exceptional pet diabetes care? Why not recomend PETRACKR™ – an innovative blood glucometer designed specifically for cats and dogs. Here's why PETRACKR™ is ideal for vets & pet parents: * Accurate & Reliable: Delivers lab-quality results in seconds, ensuring informed decisions. * Stress-Free Monitoring: Minimal sample size and user-friendly design minimizes discomfort for pets. * Seamless Data Management: The PETRACKR® app simplifies record-keeping and data sharing. * Enhanced Hygiene: Convenient sample disposal promotes a clean and safe testing environment. * Profit: Opportunity to on-sell a solution that provides the best in patient care. PETRACKR™ empowers pet parents to actively participate in their pet's diabetes management. During your next appointment, discuss how PETRACKR™ can benefit your clients diabetic pets! Not sure where to purchase? Contact one of our distibutors https://hubs.ly/Q02CXymv0 #petdiabetes #veterinarian #glucosemonitoring #petackr #petowners
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Hello LinkedIn community! Just want to share an experience with you that left me feeling a bit uneasy last week: I hurried my two treasured pals to the veterinary clinic upon noticing a loss of appetite. During examination, their blood tests revealed the presence of a blood parasite. When I realized that the issue was a blood parasite, I questioned its source. Since my dogs are primarily indoor pets, venturing outside only once a week, I speculated that they might have contracted the parasite during those outings. It wasn't until their loss of appetite became noticeable that I realized the presence of the parasite. The veterinarian prescribed several medications and advised me to return after a week for a follow-up examination. The following week, I returned for another appointment, during which another round of blood tests was conducted. I experienced a mix of emotions—sadness, and relief—when the test results came back. One of my beloved, Goldie showed normal platelet counts and white blood cell levels, reassuring me of his well-being. However, the other trusted buddy, Maxxie still exhibited low platelet counts and elevated white blood cell levels, indicating ongoing health concerns. Upon returning for another checkup the following week, I was delighted to receive good news about Maxxie. Her test results showed that she was now free from the parasite, with her platelet and white blood cell count back to healthy levels. This experience indeed taught me a valuable lesson about the potential risks of taking my faithful partners outside and the importance of being vigilant against illnesses they could contract.😔 Another aspect that I believe is crucial for every pet clinic is having a more spacious parking area. I encountered difficulty myself finding parking during my visits to the clinic, highlighting the need for adequate parking space to accommodate clients more comfortably. This challenge is exacerbated by the clinic's location on one of the busiest streets in the city, compounded by the proximity of traffic lights. A wider parking space would not only ease congestion but also enhance convenience and safety for pet owners navigating the area. In conclusion, addressing these key issues would not only improve the overall experience for pet owners but also ensure the well-being of our dearest furry companions. 😊 Below is the video I took of them now back in their normal healthy condition which undoubtedly made me glad! 😁 #PetHealth #VeterinaryCare #AnimalWellness #PetCare #PetOwners #DogHealth #CatHealth #PetClinic #AnimalCare #PetLovers
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All perspectives welcome as long as you can embrace the 3 C’s so we can problem-solve together.💗 1️⃣Compassion: We are all humans and one thing we have in common is a nervous system. Nothing useful can happen unless we’re able to talk from a grounded, respectful place. If you can’t be respectful, that’s a sign your nervous system is in “fight” mode. What in your life is feeling threatening or overwhelming? Our society has normalized living in survival mode and when we’re in a stressed state, everything starts to feel threatening. Visit https://lnkd.in/eMDWDnX5 for free simple ways to release stress and negative energy. 2️⃣Curiosity: Judgment stalls progress and smothers joy. Let’s get curious instead! If you feel prices are expensive, what is that relative to? Have you looked at it from the other side’s perspective? What assumptions are you making vs facts? Are you assuming a negative or positive intention? Why? 3️⃣Connection: When it comes to problem solving, we need to step back to look at the big picture to make sure solutions are sustainable. For ex: It’s important that pet care is affordable for owners and we need to make sure that vet hospitals are able to stay in business to provide veterinary care. These are some things that help: ⭐️Transparency! All veterinary hospitals should make prices clear throughout a visit so that there aren’t any surprises. ⭐️Pet insurance is one of the best options and luckily it’s very different from human healthcare (Even as a veterinarian I have it. For my senior dog, I didn’t get it early enough so we have an emergency fund set aside for him.) ⭐️ @drlisalippman recently posted an amazing resource of 9 organizations that will pay your vet bills on Instagram! 🦄 My Unicorn Project is an initiative designed to lift UP, empower, and unite veterinary professionals, veterinary hospitals, and pet owners together by fostering an environment of compassion, curiosity, and connection so that we can lead by example in creating a new norm and standard of care that prioritizes safety, well-being, and sustainability for all. Let’s problem solve together- the only way we can find solutions is through productive conversations. 💗 #veterinarymedicine #petcare #wellbeing
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We talk a lot about the importance of home delivery. Why do we keep coming back to this topic? It really is paramount to owner satisfaction and therefore retention on pet healthcare plans. Such a simple plan tweak can reap rewards of £200,000+ every year*. Read all about it here 🔗 https://lnkd.in/eweJ8f5W #pethealthplan #animalhealth #veterinaryteam #veterinarypractice * based on 500 pets on plan. Based on the UK average plan price of £18.50 x 22.1 months which is the difference between non-HD and HD plans lifespan
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For over a decade the veterinary profession has known that pet owners are most concerned about the cost of care. But while this is old news, #veterinary practices are still stuck in an old approach to payment. By far the majority of clinics still have policies – and signs on their wall, or warnings on their website — that say, “payment in full is due at the time of service.” Friends, this is a fantastic way to scare clients away from your practice, if that’s what you want to do. Veterinary prices have outpaced inflation by so much that sticking to that legacy policy should be long dead. Instead, those signs should be replaced with prominent messaging about all the pay-over-time options your clinic offers: VetBilling, CareCredit, Scratchpay, or whatever else you have on tap to help clients overcome the cost barrier! Do you ever walk into a store that sells “big ticket” items like furniture, appliances, or vehicles, and NOT see tons of signs and brochures about financing? What about the orthodontist’s office? The oral and maxillofacial surgeon? 🧑⚕️ 🏥 💴 Why are these signs there? Because these businesses know that to afford what they’re selling, most people can’t pay in full all at once. Without financing options, they’d be selling a lot less of their products and services – even if their customers highly value them. For some reason the veterinary profession is still way behind the curve when it comes to introducing or accepting novel financing solutions, or even educating clients about existing ones. Doing so is a powerful way to shift the client’s focus from price to value. Learn more about our services on our website. We pride ourselves in giving veterinarians the tools to successfully offer a variety of novel payment solutions, including in-house payment plans, pay-in-advance plans, pet savings accounts, and monthly wellness plans. ♥️ https://vetbilling.com #veterinaryclinic #vetmed #veterinarymedicine #dogs #petowner #petindustry #veterinarian #vetsofinstagram #vets #pets #dogsoflinkedin
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