how much do vets make per hour and why study

Medical guidelines should insists on proof that time-honored medical practices and procedures that cost money and may harm or kill patients are actually effective. This Forum is about how to force organized veterinary medicine to issue Evidence Based Guidelines.

how much do vets make per hour and why study

Postby malernee » Mon Apr 11, 2005 6:34 am

The Brakke Study

The biennial AVMA Economic Report on Veterinarians and Veterinary
Practices demonstrated that there was little real growth in
veterinarians' incomes from 1985 to 1995, and they have not improved
significantly since. Average income hovers just above $20 per hour
worked, falling further and further behind incomes of other
professionals, including some requiring much less education.

Table 1. Mean Annual Incomes of Selected Professions, 1998
Profession Mean Income
Physicians and Surgeons $102,000
Dentists $92,350
Lawyers $75,890
Chiropractors $67,420
Optometrists $65,470
Pharmacists $60,090
Physical Therapists $57,190
Veterinarians $57,130

Source: US Bureau of Labor Statistics

To help identify some of the factors underlying this income
stagnation, the American Veterinary Medical Association commissioned
Brakke Consulting to conduct a study of the business behaviors of
small animal practitioners, both clinic owners and associates. Brakke
Consulting, a firm specializing in the animal health and pet care
markets, as well as in veterinary practice management, cooperated on
the study with two professors from the Edwin L. Cox School of
Business at Southern Methodist University. SMU's graduate business
program has a strong focus in organizational behavior research. The
study was funded by Bayer Animal Health.

The goal of the study was to identify practices or behaviors that, if
recognized by veterinarians, could help them individually increase
incomes either by changing the behaviors, or by finding ways to
minimize their effect.

Download the Brakke Study Executive Summary

Studys show the average vet makes just over 20 dollars an hour. The three evidence based factors found for increased vet income that can be measured are

active effort to keep employee a long time
actively measure employee satisfaction
employee reward program tied to client satisfaction or loyalty

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