Average yearly spend per animal in a clinical practice that insurance will cover

RE: Average yearly spend per animal in a clinical practice that insurance will cover

J G Wray — Sun, 11 Dec 2016 12:05:41 GMT

[quote user="Neil Wheadon"] You can budget for boosters, wormers and flea products, therefore 'what is the average cost of illness to a client in a practice?' [/quote]

The insurance companies will have this answer. It's as good as any.

The other old old answer is put the quoted premium in an account and rely on a credit card for the first 18 months to boost any short term call, then roll over to next pet.

RE: Average yearly spend per animal in a clinical practice that insurance will cover

Neil Wheadon — Sun, 11 Dec 2016 10:36:20 GMT

[quote user="J G Wray"]Why would a locum want to know this stuff?[/quote]

Ownership...not in my case

Because insurance for many clients is starting to become untenable and so the question asked is 'how much do I need to save a month?'

We can all quote the £12000 cruciate or £800 splenic scan but these are just scare stories, so the question is simple but seemingly difficult to answer.

You can budget for boosters, wormers and flea products, therefore 'what is the average cost of illness to a client in a practice?'

Neil

RE: Average yearly spend per animal in a clinical practice that insurance will cover

J G Wray — Sat, 10 Dec 2016 22:16:20 GMT

[quote user="Julie Lavis"]

Because one day we aspire to ownership

[/quote]

No, surely not....that would mean a....

SPVS are majoring on this at their congress and there's plenty on this from other sources who will be happy to offer advice for nowt. If you need detail contact off list

RE: Average yearly spend per animal in a clinical practice that insurance will cover

Julie Lavis — Sat, 10 Dec 2016 18:13:24 GMT

Because one day we aspire to ownership

RE: Average yearly spend per animal in a clinical practice that insurance will cover

J G Wray — Sat, 10 Dec 2016 18:04:37 GMT

[quote user="Mark Hedberg"]Rule of thumb has generally been that it takes around 1000 clients per full time equivalent vet. [/quote]

850

[quote user="Mark Hedberg"]Probably about a third of them will do 2/3rds of your turnover (very roughly), there's always going to be a portion of your clients that you will only ever see for vaccinations and wormer.[/quote]

Get these last into a loyalty scheme and they, like insured clients will spend more and be more bonded just a thought. Oh and we're looking for a turnover of £300-350,00 per FTE, so charge appropriately in order to earn the "p" word. You can work out average client spend from there.

Why would a locum want to know this stuff?

RE: Average yearly spend per animal in a clinical practice that insurance will cover

Mark Hedberg — Fri, 09 Dec 2016 09:56:01 GMT

Rule of thumb has generally been that it takes around 1000 clients per full time equivalent vet. So roughly £200 per client, but of course that's just an average. Probably about a third of them will do 2/3rds of your turnover (very roughly), there's always going to be a portion of your clients that you will only ever see for vaccinations and wormer. So it tends to balance out.

Cheers,

Mark

RE: Average yearly spend per animal in a clinical practice that insurance will cover

Anthony Todd — Wed, 07 Dec 2016 14:51:12 GMT

[quote user="Bob Russell"]Obviously there are significant costs for insurance companies beyond paying the vets bill. Administration and advertising etc![/quote]

There is a lovely story of an elderly lady complaining about the price of her new reading glasses [and designer frames, of course].

"The reason madam", said the optician, emphatically, "is profit".....

RE: Average yearly spend per animal in a clinical practice that insurance will cover

Bob Russell — Wed, 07 Dec 2016 11:21:11 GMT

I have little doubt that the bulk of the insurance spend with us is referral!

Some clients spend far more money there than with us!

Obviously there are significant costs for insurance companies beyond paying the vets bill. Administration and advertising etc!