Today's Veterinary Business

OCT 2018

Today’s Veterinary Business provides information and resources designed to help veterinarians and office management improve the financial performance of their practices, allowing them to increase the level of patient care and client service.

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6 Today's Veterinary Business News Briefs News Briefs Wheat Ridge has landlord Terravet Real Estate Solutions purchased the Wheat Ridge Animal Hospital building in suburban Denver. The specialty and emer- gency hospital moved into the 37,000-square-foot structure in 2017. Terravet acquires and manag- es veterinary-operated real estate. Torigen wins top prize Torigen Pharmaceuticals Inc., whose autologous immunotherapeutic vaccine is touted as a lower-priced option for canine cancer treatment, was named the Innovation Award winner at the KC Animal Health Corridor Investment Forum. AKC Foundation is superb The AKC Canine Health Foundation earned the top four-star rating from Charity Navigator, which evaluates and rates the performance of U.S. charitable organizations. AVMA honors Hoffsis Glen F. Hoffsis, DVM, MS, DACVIM, received the American Veterinary Medical Association's Meritorious Service Award. Dr. Hoffsis was the founding dean of the Lincoln Memorial University College of Veterinary Medicine and previously served as dean at the University of Florida and Ohio State University. New owner for T-HEXX Huvepharma acquired New Jersey- based T-HEXX Animal Health, whose hydrophilic polymer technologies are designed for mastitis manage- ment in dairy cattle, hoof care and equine germicidal topical products. Arkansas gets blood bank Arkansas veterinarian Jarod Williams, DVM, DACVIM, CVA, will open the state's first pet blood bank this fall. Dr. Williams practices at Ozark Veter- inary Specialty Care in Fayetteville. Support for licensure plan Four groups issued a joint statement that calls for standardizing and improving the licensing of veterinar- ians and technicians. The initiative is supported by the American Veter- inary Medical Association, the Amer- ican Association of Veterinary State Boards, the Association of American Veterinary Medical Colleges and the National Association of Veterinary Technicians in America. Frisbie leads CSU institute Colorado State University Professor David Frisbie, DVM, Ph.D., DACVS, DACVSMR, was named director of the C. Wayne McIlwraith Transla- tional Medicine Institute. The CSU research facility is scheduled to open in May 2019. Morris celebrates big gift Morris Animal Foundation received a $2.3 million legacy gift from the estate of Denver businessman Karl D. Smith. The research-funding organization received nearly $5 million in other donations from the estate over the past 10 years. Dechra offers infusion app A mobile app from Dechra Veteri- nary Products is designed to help determine IV fluid requirements and infusion rates for canine, feline and equine patients. The Vetivex IV Fluid Calculator may be downloaded for free on iTunes and Google Play. Pet owners get time off Scratchpay is giving its employees another reason to adopt a shelter pet: five days of paid leave when the animal comes home. The veteri- nary health care financing company also issues a voucher good for in-home obedience training. Preventive care pays off A report released by the American Animal Hospital Association shows how a veterinary team's emphasis on preventive care can enhance both pet and practice health. The 24-page publication, "Promoting Preventive Care Protocols: Evidence, Enactment and Economics," is avail- able at http://bit.ly/2Q5O92y. 14 locations for Innovetive Innovetive Petcare grew to 14 prac- tices with the purchase of Austin Animal Medical Center in Texas. The hospital was purchased from hus- band-and-wife veterinarians Gregg Farmer, DVM, and Loretta Farmer, DVM, who stayed with the practice. Pathway joins Inc. 5000 Veterinary hospital consolidator Pathway Vet Alliance placed No. 1,094 on the Inc. 5000 list of the fastest-growing U.S. companies. The Austin, Texas-based group has added more than 120 hospitals since 2017, raising its ownership stake to about 150 clinics across 27 states. Idexx speeds test findings Rural veterinary clinics that send patient samples for testing can get fast results under a new arrange- ment with Idexx Laboratories Inc. An overnight service known as Idexx-Direct rushes some samples to a laboratory in Louisville, Ken- tucky, the home to United Parcel Service's largest hub. Results are reported by the next morning. Rebranding for Midmark Veterinary equipment manufactur- er Midmark Corp. launched a new website, logo and tagline. The tag- line was changed from "Because we care" to "Designing better care." SVME likes nurse initiative The Society for Veterinary Medical Ethics endorsed the Veterinary Nurse Initiative, a nationwide campaign for universal credentialing of veterinary technician and the new job title "reg- istered veterinary nurse," or RVN. NexGard does even more NexGard (afoxolaner) prevents infected black-legged ticks from transmitting Lyme disease to dogs, according to a newly approved label claim. The parasiticide also kills American dog ticks and lone star ticks and is formulated to treat and prevent flea infestations. VetPartners welcomes 24 VetPartners, an association of veter- inary business specialists, inducted 24 new members at its midyear meeting. James W. Lloyd, DVM, Ph.D., the dean of the University of Florida College of Veterinary Medi- cine, received the group's 2018 Dis- tinguished Lifetime Member Award. Auburn honors SVP chain Southern Veterinary Partners, which operates 59 hospitals in 10 states, was named a Top Tiger, an award presented to fast-growing com- panies led by Auburn University alumni. The Birmingham, Alabama, company also earned a ranking of 235 on the Inc. 5000 list of the fastest-growing U.S. companies. FDA offers opioid advice Everything a veterinarian should know about prescribing and storing opioids and disposing of them is summarized in a new resource guide published by the U.S. Food and Drug Administration's Center for Veteri- nary Medicine. The online article is available at http://bit.ly/2vMtZlF. Investors like BabelBark BabelBark Inc., a developer of software products for use inside and outside of veterinary practices, raised $4.5 million for international expansion and other initiatives. The Series A funding exceeded the initial goal of $2.9 million. New chew from Virbac Virbac Corp. released C.E.T. Veg- giedent Fr3sh, a canine chew treat formulated to support digestion and freshen breath. The chew is vegetable based, gluten-free, "easily digestible" and "moderate in calo- ries," Virbac reported. Zoetis-Abaxis deal is done Drug and vaccine giant Zoetis Inc. finished a $2 billion takeover of diag- nostic equipment maker Abaxis Inc. New: Toto Pet Insurance The roster of pet health insurers grew by one with the launch of Toto Pet Insurance Inc., which vows to donate 20 percent of its earnings to support veterinary care for needy animals. The Richmond, Virginia, company is licensed in 30 states. De Jong is AVMA president Massachusetts practice owner John de Jong, DVM, assumed the post of president of the American Veteri- nary Medical Association, replac- ing Michael J. Topper, DVM, Ph.D., DACVP. Dr. De Jong chaired the AVMA board of directors in 2015-16 and was the District I representative from 2010 to 2016.

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