The National Commission on Veterinary Economic Issues (NCVEI) has released the Economy Tracker, its newest financial resource for veterinary practices. The Economy Tracker is designed to measure the impact of the economy on veterinary medicine by comparing gross practice revenue, transactions and average transaction charge (ATC) between 2008 and 2007. Approximately 250 practices have already entered their data online, and revenue growth in companion animal practices has averaged about 5% in each quarter of 2008 compared to the same period in 2007.
Bovine practitioners’ input
The NCVEI’s Economy Tracker is available for companion animal, equine, beef cattle, dairy cattle, small ruminant and swine practices. When a veterinarian sets up their online profile they indicate what species of animals they treat. The Economy Tracker will be customized so veterinarians compare themselves against other practices within the same species (or multiple species if they treat more than one species). As long as the profile indicates they treat either beef or dairy, they will get the Economy Tracker showing data for those bovine practices.
For more information on participating in NCVEI’s Economy Tracker program, visit www.NCVEI.org.