Posts by VetRx Solutions
Pet Insurance 101 – What It Is and How It Works
Pet insurance is becoming an increasingly popular tool for pet owners looking to manage veterinary expenses. Much like health insurance for humans, pet insurance helps cover unexpected medical costs, offering financial security and ensuring pets receive necessary care without hesitation. However, many pet owners are unfamiliar with how pet insurance works, what it covers, and…
Read MoreFrom Puppy to Senior: A Life-Stage Guide to Explaining Pet Insurance
In his insightful article “Insurance Talk for Every Life Stage” published in Veterinary Practice News, Ricky Walther, DVM, emphasizes the importance of tailoring pet insurance conversations to match the various stages of a pet’s life. With rising veterinary care costs, Walther outlines strategies for veterinary practices to educate pet parents about the financial benefits—and inherent…
Read MoreEffective Strategies for Discussing Pet Insurance with Clients
In today’s veterinary landscape, having pet insurance is an increasingly important tool for pet owners to manage unexpected veterinary expenses. However, many pet parents feel overwhelmed by the many options and details involved. For veterinary teams, the challenge is not to become insurance experts but to initiate clear, concise conversations that help clients understand the…
Read MorePet Insurance in 2024: Key Industry Trends and What They Mean for Pet Owners and Veterinarians
Pet insurance continues to see rapid growth across North America, reflecting rising veterinary costs and an increasing awareness of the financial benefits of coverage. The 2024 NAPHIA State of the Industry Report provides valuable insights into the latest trends, highlighting industry expansion, shifting pet ownership habits, and the impact of rising claims. Here’s what pet…
Read MorePet Insurance Cautions: Growth Amidst Rising Costs and Industry Challenges
The pet insurance industry in North America has experienced significant growth, with total premiums surpassing $4 billion in 2023. This expansion reflects a heightened awareness among pet owners about the financial implications of veterinary care. However, alongside this growth, concerns have emerged regarding escalating premiums, limited coverage, and complex claims processes. Industry Growth and Market…
Read MoreHow Pet Insurance Helps Drive Revenue and Client Retention in Veterinary Practices
Pet insurance is more than a financial safeguard for pet parents—it’s a strategic asset for veterinary practices. Recent studies have shown that insured pets not only visit their veterinarians more frequently but also generate higher revenue per patient. In an increasingly competitive landscape with rising costs of care, understanding the business impact of pet insurance…
Read MoreThe Secret to Happiness? Just Ask Our Dogs!
Ever wondered why our dogs seem to have life all figured out while we’re still searching for the meaning of it all? According to Mark Rowlands, a philosophy professor at the University of Miami, our canine companions might just be the true connoisseurs of happiness. The Tail-Wagging Wisdom of Dogs In his book, The Word…
Read MoreMaking Sense of Price Elasticity: A Vet’s Guide to Smarter Pricing
As a veterinary practice owner, you’re always looking to improve your bottom line without losing clients. Enter price elasticity – a concept that can help you do just that. What’s Price Elasticity in Vet-Speak? Think of price elasticity as how much your clients’ wallets stretch when you change prices. Some services are like a sturdy…
Read More6 Lessons from Vet School: What Clinic Owners Can Learn for Hiring Associate Veterinarians
Recruiting, hiring, and retaining associate veterinarians is one of the most consequential responsibilities for veterinary clinic owners and managers. Understanding what motivates new graduates and how their educational experiences shape their perspectives can help make your hiring and integration processes more effective. A recent article, 6 Other Things I Learned in Vet School, by Dr.…
Read MoreWhy Do Dogs Look Like Their Owners?
You’ve probably heard it before – dogs often resemble their owners. But is there any truth to this popular belief, or is it just another urban myth? As it turns out, science has some fascinating insights on this canine conundrum. The Eyes Have It Research suggests that there might indeed be a striking similarity between…
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