What happens when big veterinary merges with big dataMay 7, 2019It's not just Facebook and Google. It's also Big Veterinary Supplier, Inc. What do I mean by that? Data is a huge source of income for all three. So much so, they're making use of private information we diligently collect and, in some cases, they're using it to compete directly against us. Veterinarians are not immune As our industry becomes increasingly consolidated, it's also adopting some of the habits with which other industries are plagued. In the case of data mining, it seems they're getting more aggressive about it, and seemingly less likely to back down when confronted with evidence of their transgressions. Here's a recent example of what happened at my clinic: Until recently, I was the reluctant user of a large-scale online pharmacy, which was integrated into my clinic's website. In return for a small commission, I'd send my clients to this site when they expressed interest in buying products or medications online. To be clear, I knew the Faustian bargain I was entering into: My clients were theirs to contact and do business with for as long as I said it was OK. My reasoning was that I'd be losing out on these sales anyway. I …
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Veterinary gender wage disparities—Why planet Venus pays less (and what to do about it)February 8, 2019Last July, the principal flutist at the Boston Symphony Orchestra filed a lawsuit alleging it had discriminated against her "by paying her an amount less than other comparable males." Though she records and performs more solos than the principal oboist (a comparable position in any symphony orchestra), she's paid 75 percent of what he makes. When I heard about this lawsuit, my brain veered directly toward veterinary medicine. Of course there's a wage gap, but surely there's more to it than that. As the French say, men and women are equal… yet different. No one can deny the biological, the cerebral, and the societal differences separating us. Our bodies differ, our brains vary, and our culture therefore perceives us in very disparate ways. This, it's clear, forms the basis for fundamental unfairness when it comes to compensation. Yet, there's more to it than that. This is what we'll have to grapple with if we're going to change things. And change them we must for our profession's sake. Mind the veterinary wage gap There's no arguing the fact of the gap. The 2013 American Veterinary Medical Association (AVMA) Report on Veterinary Compensation shows us that in 2011, female veterinarians in …
AVMA Economic Summit highlights veterinary income, job marketDecember 15, 2017At the fifth American Veterinary Medical Association Economic Summit, held Oct. 23-24 in Rosemont, Ill., the latest AVMA pet demographic survey highlighted interesting findings regarding ownership and veterinary income. According to the report, which will be released in 2018, the number of dog-owning households is the highest since the AVMA began measuring pet ownership, the number of cat owners has dropped drastically, horse and pet bird ownership are declining, and backyard poultry ownership is increasing. In the scheme of ups and downs, Frederic Ouedraogo, Ph.D., assistant director of the AVMA Veterinary Economics Division, said that real veterinary income has been declining for more than seven years. Further, veterinarians are likely to experience peak income of about $125,000 annually by age 59, and those who become practice owners soon after graduation earn more than those who become owners later in their career. "If you're not an owner after 10 years postgraduation, continue being a nonowner," he said. "Owners make money in the first years after graduation … nonowners have low income initially, but after 30 years, their income is equal to owners'." Charlotte Hansen, a statistical analyst in the AVMA Veterinary Economics Division, compared the value of …
