• 1.

    AVMA. AVMA report on veterinary practice business measures, 2007 edition. Schaumburg, Ill: AVMA, 2007.

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Revenue, expenses, and returns on resources for US veterinary private practices, 2003 and 2005

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  • 1 Senior Manager, Market Research, AVMA Communications Department.

• Median gross practice revenue for 2005 was $669,000.

• Median net practice income for all practices was 30% of median gross practice revenue in 2005.

The 2006 AVMA Biennial survey of US veterinarians included questions on financial aspects of private veterinary practices. This permitted analysis of gross practice revenue, net practice income, return on capital, return to owner's veterinary labor and practice management, cash operating expenses, and financial ratios. Practices were included in this analysis if they employed at least 1 full-time veterinarian; had been established for > 1 year; were operational ≥ 48 weeks in 2005; and reported

• Median gross practice revenue for 2005 was $669,000.

• Median net practice income for all practices was 30% of median gross practice revenue in 2005.

The 2006 AVMA Biennial survey of US veterinarians included questions on financial aspects of private veterinary practices. This permitted analysis of gross practice revenue, net practice income, return on capital, return to owner's veterinary labor and practice management, cash operating expenses, and financial ratios. Practices were included in this analysis if they employed at least 1 full-time veterinarian; had been established for > 1 year; were operational ≥ 48 weeks in 2005; and reported

Contributor Notes

Statistical analysis and programming assistance provided by Jasper Fanning, PhD, Ag Business Specialists.