Common Perceptions About Corporate-Owned Veterinary Practices:

An increasing number of general, and specialty & emergency hospitals in the U.S. are corporate-owned. Corporate hospitals are owned by a single entity and can operate 100’s of locations in a particular region or throughout the country.

Many of following statements about the differences between corporate and private veterinary practices are OPINIONS commonly mentioned on individual websites of competing animal hospitals and veterinary news blogs.

COMMON PERCEPTIONS ABOUT CORPORATE ANIMAL HOSPITALS:

  • ACQUISITIONS ARE NOT PUBLICIZED:
    It is hard to tell the difference between an independent, locally owned and operated hospital from a corporate-owned hospital. These acquisitions tend not to be publicized, and there are no obvious changes that would alert clients to new ownership. Atleast not right away. Over the last few years, the acquisitions of private-owned practices by large corporations has accelerated. It is estimated that by 2023, that approximately 25% of all veterinary practices will be corporate-owned in the United States. Large hospital groups view the corporatization of a practice as a marketing liability.
  • IMPERSONAL CARE:
    Corporate-owned hospitals are associated with providing impersonal care that embrace technologies and innovations that value speed, efficiency, and cost reduction.
  • “ONE-SIZE-FITS-ALL” APPROACH TO PATIENT CARE (LACK OF PERSONALIZED CARE):
    Corporations set medical protocols that veterinarians are required to follow. Pets may be treated according to a corporate template and or prescribed treatments that your pet may not need.
  • DOCTORS SPENDING LESS TIME WITH PATIENTS:
    Doctors are under pressure to see high numbers of patients. Corporate practices may book more appointments per hour compared to private-owned practices. As a result, doctors may have less time for discussions with clients, diagnosing an illness, and recommending treatments to their clients.
  • THE DESIRE FOR PROFITS:
    A common criticism of corporate medicine is that corporations focus too much on the bottom line. Many of these corporate-owned practices are owned by veterinary consolidators which are backed by private equity groups which aim for fast growth, an increase In profit margins in order to maximize returns for their investors.
  • DISCOUNTED RATES ON VETERINARY PRODUCTS:
    Corporations make bulk purchases (purchasing of goods in large quantities) on behalf of the many practices they own and may receive volume discounts. In some cases, these cost savings are passed down to their customers. Corporate-owned practices may offer cheaper prices on some veterinary products.

RELATED:

Why Choose a Locally Owned Veterinary Clinic?
https://cascadesummitvets.com/why-choose-a-locally-owned-veterinary-clinic/

Are Veterinary Consolidators and Hospital Groups Helping or Hurting Veterinary Medicine?
https://www.pets.care/corporatization-veterinary-medicine/

NEWS BLOG – CATEGORY: HOSPITAL GROUPS
https://www.pets.care/news/category/hospital-groups/