Today's Veterinary Business

APR 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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4 Today's Veterinary Business News Briefs News Briefs AVMA hires replacement for economics chief Dicks Matthew J. Salois, MA, Ph.D., a for- mer chief economist with the Florida Department of Citrus, was named director of the American Veterinary Medical Association's Veterinary Economics Division. He will replace Michael R. Dicks, Ph.D., who is retiring. Dr. Salois most recently was director of global scientific affairs and policy at Elanco Animal Health, which he joined in 2014 as an eco- nomic research and policy adviser. New Vetsource service The home-delivery company Vetsource will make compounded medications available to veteri- narians and their clients through Wedgewood Pharmacy. The service is expected to start by late spring. Some salaries rose in 2017 A Veterinary Hospital Managers Association survey found that the median salary for practice managers remained static from 2015 to 2017 but that the median salaries for office managers and hospital ad- ministrators rose by 9 percent and 4 percent, respectively. CE provider enters U.S. Veterinary continuing education provider Improve International is expanding into the United States by offering a variety of two-day cours- es in Miami. More information is available at http://bit.ly/2HwmhzK. Learn to clean, disinfect Merck Animal Health partnered with Clorox Healthcare to launch the Heroes for Healthy Pets in- fectious disease management certification program. Veterinary professionals can earn two hours of continuing education credit as they learn about cleaning and disinfect- ing protocols designed to stop the spread of infectious diseases inside clinics. More information is available at www.heroes4healthypets.com. Summer learning in Vegas WVC's Oquendo Center will host separate events this summer for vet- erinary technicians, new and return- ing veterinarians, and women. The fourth annual Veterinary Technician Symposium will be broken into two sessions starting June 25 and Aug. 6. A hands-on course designed as a skills refresher for recent graduates and returning veterinarians will take place July 16 to 18. The third annual Women's Veterinary Summit is set for July 22 and 23. More information is available at www.wvc.org/ce. Pathway gets a new name The veterinary management group Pathway was renamed Pathway Vet Alliance to "better convey the company's unique people-focused culture," the company stated. Path- way Vet Alliance added nearly 100 hospitals in 2017, raising the total to more than 125 general, emergency and specialty hospitals in 26 states. AVDA to honor Kim Allen Kimberly Allen, president of com- mercial operations at Henry Schein Animal Health, was named the 2018 recipient of the American Veterinary Distributors Association's Lifetime Achievement Award. She will be recognized May 7 during the AVDA's annual conference in San Diego. Innovetive buys N.C. clinic Innovetive Petcare, a Texas company that owns and operates veterinary practices throughout the United States, acquired Animal Hospital of Wilkes in Wilkesboro, North Caroli- na. The practice opened in 1958. Brakke stays independent Switzerland-based Stonehaven Consulting and Dallas-based Brakke Consulting ended merger talks. "During the due diligence process it was determined that capturing the operational and financial synergies in this transcontinental merger proved more challenging than first anticipated," Brakke stated. Support for vet nurse plan The Veterinary Nurse Initiative won more academic support with endorsements by the Lincoln Memorial University College of Veterinary Medicine, the universi- ty's Veterinary Medical Technology Program and the Purdue University College of Veterinary Medicine. The industry-wide effort calls for making "registered veterinary nurse" the standard title and credential in the U.S. veterinary technician field. $8 billion for Blue Buffalo Blue Buffalo, a manufacturer of pet food sold at veterinary clinics and retailers, is being purchased by Gen- eral Mills Inc. in a transaction valued at $8 billion. General Mills, whose food brands include Cheerios and Yoplait, is getting into the pet chan- nel for the first time. The purchase is subject to regulatory approvals. Chewy.com on hiring blitz Online pet retailer Chewy.com hired 1,000 workers for its new 24-hour, seven-day-a-week customer-ser- vice center in Hollywood, Florida, and plans to hire 400 more within the next six months. Chewy was acquired by PetSmart in May 2016. APPA celebrates 60 years 2018 marks the 60th anniversary of the American Pet Products Asso- ciation, which organized the 14th annual Global Pet Expo in March in Orlando, Florida. Zoetis hit $5 billion in '17 Zoetis Inc. achieved a milestone in 2017 with sales of $5.3 billion, an increase of 9 percent from the year before, the company reported. "In 2017, Zoetis became the first animal health company to deliver more than $5 billion in revenue as we continued to demonstrate the strength of our business model and the growth opportunities that are uniquely available in animal health," CEO Juan Ramón Alaix said. Scratchpay wins contest The client financing service Scratch- pay was named the $25,000 win- ner of Pet Project 2018, a "Shark Tank"-like competition held at VMX. Also in the running were VetSpire, Petnostics, Fuzzy and Future Pet. New feeder is unveiled Vet Innovations Inc. introduced the veterinary-exclusive PortionPro Rx, an automated feeder that dispenses precise amounts of pet food at sched- uled times. The device, distributed by Vetsource, is designed to help the owners of overweight dogs and cats comply with a veterinarian's weight-loss recommendations. $100 million in grants PetSmart's U.S. and Canadian char- itable arms together have awarded $100 million since 1994 in support of spay and neuter programs. Among recent gifts was $37,000 to Friends of the Animal Shelter in Hancock Coun- ty, Mississippi, to cover free spay and neuter surgeries for dogs and cats. New vaccine from Merial Merial introduced Recombitek Oral Bordetella, a vaccine that is delivered onto a dog's inner cheek through a pipette. The vaccine is ef- fective against canine infectious tra- cheobronchitis caused by Bordetella bronchiseptica, according to Merial, now part of Boehringer Ingelheim. Wellness study released A new study discovered that the overall mental health of U.S. veteri- narians is about the same as that of the general population, challenging long-held concerns that the industry is awash in depression and suicide. Still, the researchers cautioned that particular attention should be paid to younger veterinarians, whom the study found are more likely to expe- rience serious psychological distress. The Merck Animal Health Veterinary Wellbeing Study also reported that just 24 percent of veterinarians ages 34 or younger would recommend a career in veterinary medicine. Anesthesia tools available Banfield Pet Hospital's anesthesia and pain-management guidelines and protocols have been updated and made available to all veterinary professionals. The standards and other tools are available at www. banfield.com/anesthesia. Reddington out at Morris John J. Reddington, Ph.D., DVM, stepped down as president and CEO of the study-funding organization Morris Animal Foundation. Vice Pres- ident Tiffany Grunert was named the acting replacement while Morris trustees conduct a search.

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