The American Veterinary Medical Association announced that the non-profit National Commission on Veterinary Economic Issues (NCVEI) will become part of AVMA by Sept. 30.
The AVMA executive board OK’d purchasing NCVEI’s assets last month for $50,000, the annual contribution it had designated for the association. AVMA says NCVEI’s funding difficulties led to the purchase decision. The NCVEI website, database and branding will be controlled by AVMA.
In 2000, AVMA, the American Animal Hospital Association and the Association of American Veterinary Medical Colleges formed NCVEI to improve the economic future of the veterinary profession.
In 2011, NCVEI received $50,000 in funding from AVMA and $5,000 from AAVMC. But AAHA cut ties with NCVEI at the end of 2010, saying NCVEI’s business model and administrative costs were a concern.
AAVMC decided to fund the North American Veterinary Medical Education Consortium instead of NCVEI for 2012.
A strategic plan is in development for NCVEI with announcement plans later this year.