Case study #5: Should you handle payment plans in-house? Offering payment plans to your clients has a very positive impact on your practice. However, you
Case study #3: Pre-approving clients for a payment plan. According to an article by David Lummis, “How retailization is changing the veterinary business” written
Case study #2: Increase in cash flow Just because your clients do not get approved by third party financing companies like CareCredit does not mean
VetBilling Case Study #1: How to avoid the five reasons businesses fail and how overcoming these reasons will positively impact your practice. How is it
VetBilling was honored to be a sponsor and participant in the inaugural Access to Veterinary Care symposium, a groundbreaking collaboration with some of the brightest individuals in the veterinary profession. Our co-founder Suzanne Cannon gave a presentation on how alternative financing options positively impact accessibility of care for pet owners across a broad socioeconomic spectrum.
As more veterinarians began using third-party consumer credit financing to help clients manage large veterinary expenses, in-house payment plans fell out of favor – and not without good reason.
20 years later, with both pet owners and the veterinary profession facing unprecedented financial challenges, it may be time to look at how in-house payment plans have changed, and how in their current format, they can actually help the business of veterinary medicine.