VCA Antech Revises Financial ResultsAugust 10, 2010 VCA Antech Inc. of Los Angeles today reported revised financial results to reflect an incremental $14.5 million non-cash charge primarily linked to consulting agreements and supplemental executive retirement programs (SERPs) entered into with the company’s senior executive officers in June. The revised results include net income of $30.5 million for the second quarter ended June 30 and net income of $63.4 million for the six months. VCA Antech reported second-quarter results July 22 that did not include the compensation charges associated with the consulting agreements. The company had reported second-quarter net income of $39.4 million on revenue of $353.9 million, compared to $39 million and $344.9 million, respectively, in the year-ago period. Year to date, the company had reported net income of $72.3 million on revenue of $684.7 million, compared to $71.8 million and $660.7 million, respectively, in the year-ago period. “Following further analysis of applicable accounting literature, and after further consultation with its outside auditors, the company determined that it should accrue the full cost of the benefits under the consulting agreements, the SERPs and outstanding share awards for two of the executives on the date the agreements were executed during the second quarter of …
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Profit Prophet: Karen Felsted, DVM, MS, CVPMAugust 10, 2010 As a high school student, Karen Felsted was interested in a career in veterinary medicine, so she arranged to spend a Saturday shadowing a veterinarian who went to her church. It didn’t go well. “They had these little puppies and they had to remove their dewclaws, and they bled and cried and it was horrible,” she recalls. “So I just walked away, thinking, ‘I can’t do this.’ No one in my family has a medical background, so there was nobody to say, ‘You’ll get used to it.’ ” Instead, she majored in marketing, eventually becoming a CPA. So after she went back to her first love, graduating from the Texas A&M University veterinary college in 1996, she was uniquely positioned to serve where she is today: as CEO of the National Commission on Veterinary Economic Issues (NCVEI). As both a veterinarian and an executive, Felsted, DVM, MS, CVPM, is passionate about the nonprofit group’s mission. The NCVEI was created in 2000 by the American Veterinary Medical Association, the American Animal Hospital Association and the Association of American Veterinary Medical Colleges to help ensure the economic future of veterinary medicine. “This gave me an opportunity to …
To Avoid Culture Shock, Master The ArtAugust 10, 2010 Cultures can be very valuable tests in a surgical or medical patient as long as the specimens are collected and submitted correctly. We spoke with Shelley C. Rankin, Ph.D., associate professor of microbiology and chief of clinical microbiology at the University of Pennsylvania’s School of Veterinary Medicine, about the art of performing reliable cultures. When and how do you recommend performing a culture? Whenever an infectious process is suspected, appropriate tests must be ordered. The proper collection and transport to the laboratory of a specimen are critical to confirm that a microorganism is involved and determine which one. The site of the infection and clinical signs should determine what to submit for culture—aerobic, anaerobic, fungal—but it is important that the material collected be obtained from the actual site of infection with a minimum of contamination from adjacent tissues, organs or secretions. Do you have any tips to improve the yield of the culture? Here are my top five: A sufficient quantity of specimen should be submitted to the lab. Specimens should be maintained in as close to native conditions as possible. Transport to the lab in a timely manner. Submit specimens in …
Purebreds, Clients And Good Old DaysAugust 10, 2010 I grew up on purebreds. My parents raised backyard black Labs in loving, not-for-money conditions for a total of three litters in three years. All 33 puppies got their shots and vet visits and found great homes (or so we like to believe) for a mere $150 a pup, “papers” included. But then, this was the ’70s, when pet breeding was considered a family-friendly endeavor, neutering male dogs was not a “done” thing, and the spay was considered more a convenience measure than the near-moral imperative it is today. Meanwhile, puppy shots could be had for $5 a pop and the issue of genetic health—never mind hip and eye screening—was never raised by the veterinarian who made all those well-puppy house calls. Dr. Khuly Responds to AVMA President Larry Corry American Veterinary Medical Association President Larry R. Corry explicitly chastises me in the July issue of Veterinary Practice News for a variety of statements I did not make in June’s column on the role of veterinary medicine in antimicrobial resistance: My definition of industry-oriented veterinarians, for example, is called …
New Drs. Foster And Smith Initiative Aims To Curb Unvaccinated PetsAugust 9, 2010 Drs. Foster and Smith today launched an initiative to help educate pet owners on the necessity of vaccinations. Only 50 percent of dogs and 40 percent of cats are vaccinated against vaccine preventable diseases such as distemper, parvovirus, hepatitis and feline leukemia, according to the catalog and online seller of pet supplies and pharmaceuticals. The Drs. Foster and Smith National Pet Vaccination Initiative aims to increase the number of vaccinated pets by lowering prices on all its vaccine products. The company noted that it offers a full selection of dog and cat vaccines and offers a 100 percent satisfaction guarantee. Drs. Foster and Smith has also posted free online videos on how to vaccinate pets at home. “I’m not sure that the average pet owner realizes both the importance of having their pets vaccinated and also the fact that they can do this at home,” said Race Foster, DVM. “Of course, veterinarians need to provide rabies vaccinations, but with most other vaccinations, people can do the vaccinating at home and much more economically. No prescription is required. We are working with manufacturers right now to get them onboard with even …
Man Just An Oddity To Some AnimalsAugust 9, 2010 Our Seminars in the Sun group experienced a rare aspect of the human-animal bond as we walked and swam past wildlife that had no fear. Every veterinarian is really an environmentalist and a naturalist and would revel in this feeling. Experiencing animals without fear is a big treat awaiting those who venture to the Galapagos Islands. Having no fear is an interesting behavioral trait. It is almost magical yet is natural for the animals living in Ecuador’s Galapagos Islands to lack the flight reaction when they see humans. What is this behavior all about? Is it genetic? Is it cultural or instinct or learned? Do the endemic species not know danger? Did the animals learn they are safe and hand that information down for generations? The sea lions and marine iguanas resting on land don’t move out of the way as people walk past them. In fact, some of the land iguanas approach people and seem to pose for pictures. The blue-footed and red-footed boobies (Spanish for “clowns”) are content to stand on rocks and preen and socialize and not fly away as boats approach their rocky dwellings. On the Water …
Teaching Behavior Is Good For Pets, VetsAugust 9, 2010 Veterinary behaviorist Nicho-las Dodman, BVMS, MRCVS, Dipl. ACVB, is touring the U.S. to teach veterinarians, vet techs and trainers about animal behavior. “When clients lose their patience, vets lose their patients,” he said at a recent event. Dr. Dodman isn’t just talking about his fellow professionals losing business, either. For him, getting the word out on the importance of veterinarians being knowledgeable about behavior is a matter of life or death. As director of Animal Behavior Clinic and a professor of clinical sciences at Cummings School of Veterinary Medicine at Tufts University, Dodman is guided by empirical data, and he doesn’t hesitate to cite facts in support of his argument. He noted that 20 percent of a veterinarian’s time is devoted to behavioral issues, whether or not she is educated about them. Sadly, he said, 25 percent of all dogs and cats are euthanized or abandoned within the first year of their lives because of unwanted behavior. Among animals in shelters, 50 to 70 percent are there because of behavioral issues, he said, and many of them are ultimately euthanized. So incorporating behavior into one’s practice can not only save a client and that …
Into The GulfAugust 9, 2010 There’s nowhere else she would rather live and no environment she likes to help more, but Louisiana sure tests the affection of Renee Poirrier, DVM. Since 2005, Dr. Poirrier has rescued animals affected by hurricanes Katrina, Rita, Gustav and Ike, by flooding in Shreveport and by a train derailment in Lafayette. Now she’s among the dozens of veterinarians aiding birds and other wildlife imperiled by the massive British Petroleum Deepwater Horizon oil disaster off the U.S. Gulf Coast. Photo by National Marine Fisheries Service. Brian Stacy, DVM, Ph.D., Dipl. ACVP, with an oiled Kemp’s Ridley sea turtle during a trip to the Gulf of Mexico as a contract veterinarian with the National Marine Fisheries Service’s Office of Protected Resources. Dr. Stacy is a clinical assistant professor at the University of Florida College of Veterinary Medicine. “We’re getting pretty good at this [disaster response],” says Poirrier, owner-operator of Acadiana Veterinary Clinic in Lafayette and director of the volunteer Louisiana State Animal Response Team (LSART). At the beginning of July, wildlife rescue and rehabilitation efforts in the gulf involved more than 200 paraprofessionals—those with wildlife-rehab or other animal-health experience and training, …
Planning For A Bigger Tax BiteAugust 9, 2010 Summer has a way of making the stress of last tax season seem like nothing more than a bad dream, not to be relived for many months. But it’s no time to slack off. Rate increases scheduled for the 2011 tax year will affect practice owners, which means acting now to make the most out of the 2010 season. Small-business owners can expect to see a tax hike of $11 billion over the next 10 years, says Mark McGaunn, CPA/PFS, CFP, the managing member of the accounting firm McGaunn & Schwadron of Needham Heights, Mass. Rate and tax law changes will be substantial enough to be noticeable, he says. If a veterinarian’s practice generates a $156,800 profit and she withdraws $106,800 via payroll as salary and pays the remaining $50,000 in profit as a distribution of the profits from the S Corporation, a new law will assess an additional 15.3 percent self-employment tax on that distribution. That’s an extra $7,650 going to the government in 2010. “The tax increase was included in the American Jobs and Closing Tax Loopholes Act of 2010, a mix of extensions of expired tax breaks, spending and physicians’ reimbursement formulas,” McGaunn …
Merrick Expands Recall Of Beef Treats For DogsAugust 4, 2010 Merrick Pet Care Inc. of Amarillo, Texas, has expanded the recall of its Beef Filet Squares dog treats to include Texas Hold’ems treats because they have the potential to be contaminated with salmonella. This marks the third recall issued by Merrick this year. On Aug. 3, the company recalled 83 cases of 10-ounce packages of Texas Hold’ems beef treats for dogs, item number 60016, lot number 10127, with a “Best By” date of May 6, 2012. A sample of the product has tested positive for salmonella, according to the company. Merrick recalled 10-ounce packages of its Beef Filet Squares for Dogs for the same reason in July and January. The recalled Texas Hold’ems treats were shipped to distributors and retailers throughout the United States. Those companies have been notified and have activated their recall procedures, according to Merrick. No illnesses related to the recalled product have been reported. Pets with salmonella infections may be lethargic and have diarrhea or bloody diarrhea, fever, and vomiting. Some pets may have decreased appetite, fever and abdominal pain. Infected but otherwise healthy pets can be carriers and infect other animals or humans, according to the company. Dog owners are urged …
