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.
“…[when pet] owners can’t afford to do all the diagnostics and treatment that would be the gold standard, euthanasia is the only option.”
This is a quote from a veterinarian in an article we recently read. But it’s something we’ve heard many times before. Too many times to count, in fact. And it’s a statement with which we STRONGLY DISAGREE.
You can educate about the value of veterinary services all day long, but if you are not also offering flexible options for payment, pet owners will continue to stay away from your veterinary hospital because they perceive that the cost burden is too great.