{"id":22558,"date":"2022-10-01T00:00:07","date_gmt":"2022-10-01T00:00:07","guid":{"rendered":"https:\/\/todaysveterinarybusiness.com\/?p=22558"},"modified":"2022-11-17T21:16:06","modified_gmt":"2022-11-17T21:16:06","slug":"veterinary-business-clients-1022","status":"publish","type":"post","link":"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/veterinary-business-clients-1022\/","title":{"rendered":"The Return to Normal"},"content":{"rendered":"<p style=\"font-weight: 400;\">A different atmosphere might be brewing in your veterinary hospital. The phones aren\u2019t ringing off the hook, the parking lot isn\u2019t overflowing, and only two squeeze-in appointments are scheduled. What\u2019s going on? Is it the economy? Is a new nearby practice cannibalizing your client list? Or is a less-than-crazy schedule just the seasonal slowing of business? Wow, do you remember those days?<\/p>\n<p style=\"font-weight: 400;\">After the chaos of the past 2\u00bd years, we can all use a break, such as a less frenzied workday, appointments finishing on time and finding the time to <a href=\"https:\/\/todaysveterinarypractice.com\/personal-wellbeing\/lasting-in-the-veterinary-profession\/\">eat lunch<\/a>. But will a quiet afternoon lead to a slow week? Or a slow month? Let\u2019s look at the data.<\/p>\n<p style=\"font-weight: 400;\">The Veterinary Industry Tracker from the American Veterinary Medical Association and VetSuccess for Sept. 3, 2022, reported average revenue growth of 6.3% among 4,653 practices over the preceding 12 months. If this were 2018, you would think, \u201cThat\u2019s not bad.\u201d But in 2022, after two years of double-digit industry growth, 6.3% might seem like a reason to panic. Trust me, it\u2019s not.<\/p>\n<p style=\"font-weight: 400;\">Before 2020, revenue growth in the mature veterinary hospitals I worked with averaged 5%. Sure, outliers existed, but the average was 5%. When looking through that lens, 6.3% doesn\u2019t seem too shabby.<\/p>\n<p style=\"font-weight: 400;\">If a few slow afternoons turn into a quiet week or two, don\u2019t worry. Just dust off the tools you used in the past to check in on clients, confirm appointments, schedule delayed care, and maintain practice profitability and cash flow.<\/p>\n<p style=\"font-weight: 400;\">Here are a few ideas.<\/p>\n<h3 style=\"font-weight: 400;\"><strong>Check in on Clients<\/strong><\/h3>\n<p style=\"font-weight: 400;\">If you are concerned about reduced cash flow, start by booking more patients. The pandemic caused enough chaos with appointments and caseloads that clients had a tough time accessing care at your practice. That\u2019s just a fact and not a reason to judge yourself. Unfortunately, no matter how hard your team worked to see as many patients as possible, the inability to see every pet owner who wanted an appointment might have damaged your practice\u2019s reputation or reduced client loyalty.<\/p>\n<p style=\"font-weight: 400;\">While you were working in overdrive, some client reminders were suspended because you couldn\u2019t handle more requests for things like follow-up services, vaccinations and long-term medication tests.<\/p>\n<p style=\"font-weight: 400;\">But now that you have a few open spots on the schedule, designate a team member to run reports and reach out to lapsed clients. Text them or send reminders through your hospital\u2019s mobile app. Promote appointment openings and welcome last-minute requests and walk-ins if you have the capacity.<\/p>\n<p style=\"font-weight: 400;\">One caveat: While a slower pace might be nice, don\u2019t take more time to perform veterinary services. Sure, your clients enjoy seeing you in person again, but just because you have extra time in your schedule doesn\u2019t mean your clients aren\u2019t busy. Don\u2019t trap them in prolonged discussions about parasites or the local high school football schedule.<\/p>\n<p style=\"font-weight: 400;\">Also, note that during the height of the pandemic, many practices stopped marketing. When demand far exceeded capacity, attracting more clients wasn\u2019t a priority. Now, however, slower times allow you to regroup and map your marketing for the next six to\u00a012 months.<\/p>\n<p style=\"font-weight: 400;\">Though the idea seems counterintuitive, the best time to market is when you\u2019re busy. Since few clients respond immediately to an advertisement or notification, you\u2019ll prolong a slow stretch if you wait until you have time for marketing. So, go ahead and:<\/p>\n<ul>\n<li style=\"font-weight: 400;\">Create a calendar for the remainder of 2022 to drive traffic immediately and fuel long-term growth.<\/li>\n<li style=\"font-weight: 400;\">Update your social media platforms, and stock up on content and candid photos to get your points across.<\/li>\n<li style=\"font-weight: 400;\">Poll your team members about their passions and involve them in promoting those topics.<\/li>\n<\/ul>\n<h3 style=\"font-weight: 400;\"><strong>Host Workshops<\/strong><\/h3>\n<p style=\"font-weight: 400;\">If you are tired of hearing what\u00a0<a href=\"https:\/\/todaysveterinarybusiness.com\/british-vets-are-competing-with-dr-google\/\">Dr. Google<\/a> recommends, put better information in your clients\u2019 hands. Now that people are getting together again, host client workshops on timely topics, wellness care and specific\u00a0conditions, such as kidney disease, obesity, hyperthyroidism, hypothyroidism, osteoarthritis and Lyme disease. Post invitations on your social media channels.<\/p>\n<p style=\"font-weight: 400;\">You might consider:<\/p>\n<ul>\n<li>Having participants register in advance so that you know how many are coming.<\/li>\n<li>Asking vendors to donate educational materials and giveaways or participate in person or on a video call.<\/li>\n<li>Starting with a brief educational presentation and allowing plenty of time for questions and answers.<\/li>\n<li>Encouraging attendees to schedule their pets\u2019 next visit when the session is over.<\/li>\n<\/ul>\n<p style=\"font-weight: 400;\">Workshops are an excellent opportunity to connect pet owners dealing with similar veterinary issues, and they provide a stress-free environment where new clients get to know you.<\/p>\n<h3 style=\"font-weight: 400;\"><strong>Assess Key Metrics<\/strong><\/h3>\n<p style=\"font-weight: 400;\">You operated at full throttle for over two years, so resetting to \u201cnormal\u201d requires mental adjustments. Therefore, pay close attention to your payroll expenses and the cost of goods sold. I\u2019ve seen payroll costs rise as the negotiating power moved from the employer to the employee. Pay increases require businesses to generate more revenue through additional services and fee hikes.<\/p>\n<p style=\"font-weight: 400;\">With some of your summer helpers gone, you should see a natural reduction in dollars spent on wages and benefits. You might experience a slight increase in the percentage of gross fees spent on salaries, but if the rate rises to surprising levels, evaluate the staff schedule. Where can you reduce hours and still maintain efficiency and client service?<\/p>\n<p style=\"font-weight: 400;\">Your cost of goods sold might jump if you aren\u2019t charging enough or have more in stock than you need. Work with your inventory manager to reduce the order volume. Review reorder points and choose items you can limit in quantity if you have an easier time now finding the supplies you need.<\/p>\n<p style=\"font-weight: 400;\">In addition, evaluate income-to-expense ratios, which should be steady or rising. Think of falling ratios as early warning signs that your hospital is spending more in a specific area but generating the same or less in gross fees. Make sure you understand whether the cause is a one-time adjustment or a trend needing further attention.<\/p>\n<p style=\"font-weight: 400;\">You will see the biggest and fastest improvements by tackling high-value categories first. If several ratios are falling, address where you spend the most money (typically the laboratory and pharmacy) before you move on to other sections.<\/p>\n<p style=\"font-weight: 400;\">Finally, if your business is settling into a pre-pandemic mode, don\u2019t worry. Take a day off, close your practice one afternoon for a staff celebration, or schedule the dental checkup you put off. Focus on the bottom line, not the top line, and enjoy feeling like things are back to normal.<\/p>\n<hr \/>\n<h3 style=\"font-weight: 400;\"><span style=\"color: #008000;\"><strong>18<\/strong><\/span><\/h3>\n<p style=\"font-weight: 400;\">The percentage of pet owners who reported in an American Pet Products Association survey that they reduced their use of veterinary care during the pandemic because of a \u201clack of available service.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If business is slowing, or even if it isn\u2019t, you can take steps to stay on the right path.<\/p>\n","protected":false},"author":23,"featured_media":22559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[395],"tags":[],"class_list":["post-22558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-october-november-2022","column-money-matters","clinical_topics-finance","clinical_topics-practice-management"],"acf":{"hide_sidebar":false,"hide_sidebar_ad":false,"hide_all_ads":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Return to Normal | Today&#039;s Veterinary Business<\/title>\n<meta name=\"description\" content=\"Now that you have a few open spots on the schedule, designate a team member to run reports and reach out to lapsed clients.\" \/>\n<meta name=\"robots\" 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