Many people ask me why it matters who owns veterinary hospitals. If veterinarians can still practice good medicine, should it matter if they work for another veterinarian or a non-veterinary owned corporate group?
I strongly believe that veterinary control is crucial for high-quality care as well as an ongoing investment in veterinarians and their staff. Studies in human healthcare have shown that physician-led hospitals have higher quality. A 2011 study showed that the quality scores of the 100 best hospitals for cancer, digestive, and cardiovascular care were 25% higher in physician run than in non-physician run hospitals. The relationship was confirmed when looking at another 12 specialties.
In addition, if veterinarians do not own practices, profits do not help veterinarians pay off their debt and increase their equity. Instead, the profits leave communities and go back to people who really just want a return on investment.
Veterinarians want help with administration and management. However, I believe quality is higher AND profit stays with veterinarians when administrators and managers work for veterinarians rather than veterinarians working for administrators, whose main goal is providing cash flow for investors.
Stories of Women Veterinary Owners: Lucy Tidd
In my first blog, I discussed why I believe women should purchase and own veterinary practices. I talked about some of the myths that prevent people, especially women, from thinking…
What veterinarians can learn from successful independent pharmacies – Part two: Cooperatives
If you have read my previous posts, you might think I believe that all veterinary hospitals should be small. I actually don’t believe that larger hospitals are inherently bad. In…
What Veterinarians Should Learn from Independent Bookstores
I believe the best locally owned independent veterinary hospitals are like the growing number of successful independent bookstores.
What Happened to Brightheart and Other Stories of Private Equity
Private equity is reshaping the veterinary profession. I elaborate on this segment of capital and offer up three big reasons that all veterinarians should both care and learn about it.
Faces of Veterinary Medicine
As of 2016, 63% veterinarians in the United States were women. The numbers are quite different in terms of women practice owners.
What Veterinarians Can Learn from Successful Independent Pharmacies – Part One
As consolidation ramps up in the veterinary field, it’s worth looking at other industries to help understand the drivers of this phenomenon and to look for private ownership bright spots.
Why Women Veterinarians Should Own Practices
To keep practices in the hands of veterinarians, more women must be convinced that they can and should own their own practices. I address and refute some of the myths that lead people, especially women, to not consider owning their own veterinary practice.
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