BabelBark gains $4.5 million Series A funding to spur growthAugust 20, 2018BabelBark Inc., a pet related software developer, has announced the completion of its Series A funding target, reaching a sum of $4.5 million. Launched in 2016, BabelBark connects pets with pet care businesses (i.e. veterinary practices, trainers, shelters, groomers, walkers, pet sitters, boarding kennels, and more) through a digital platform with a mobile application. It offers activity monitoring as well as connection to primary care and emergency veterinary services, medical records and medication reminders, regional/local pet service providers, and products designed to help pet parents monitor and manage their pet's unique needs. Since the beginning of 2018 the company has seen a 300 percent growth in the number of dogs connected to the multifaceted platform resulting in additional funding that surpassed the original target of $2.9 million. The surplus will be used toward the company's global expansion as well as more marketing resources and recruiting top talent. "We are excited for this strong financial support from both of our new and existing investors who share our vision to connect everyone in a pet's life," said Roy Stein, founder and CEO. "We are ahead of our targets in every parameter and this funding expansion will help us reach more than …
SPONSORED CONTENTThe Reality of Veterinary Surgery ErgonomicsOne of the greatest challenges of Work-Related Musculo-Skeletal Disorders (WRMSD) is that they can come on slowly. They can be easy to ignore initially. The American Veterinary Medical Association (AVMA) issued ergonomic guidelines to help veterinarians catch problems early. + Learn More
VIN Foundation enhances veterinary Cost of Education MapAugust 17, 2018The VIN Foundation, a nonprofit that provides tools and resources to support veterinary students and veterinarians throughout their careers, has updated its Cost of Education Map, which was developed to help preveterinary students make better informed decisions when applying to veterinary school. Veterinary school costs vary widely among schools and within schools depending on whether the applicant qualifies for a discounted seat based on residency. The foundation said its goal in generating this tool is to enable students to apply smarter, seeking the high-quality education they desire at the most reasonable cost. New to this latest version of the Cost of Education Map: Information for United Kingdom, Ireland, Australia, and New Zealand veterinary schools International residency options The ability to compare costs from any number of schools side by side Clear labeling of AVMA-accredited schools Improved layout with veterinary school costs summaries Updates to all school data "It is our job to provide preveterinary students with the most reliable information available so they are able to make the most informed decision when choosing a veterinary school," said Richard Headley, VIN Foundation board president. "The Cost of Education Map provides vital information critical in helping prevets determine …
Veterinary practice trends webinar highlights further industry consolidationAugust 17, 2018In just five years, 25 percent of veterinary practices, accounting for half of all veterinary visits, will be corporately owned, according to Brakke Consulting. During a webinar presented at the end of June, "Hot Topics in Veterinary Practice," Brakke senior consultant John Volk said myriad variables were contributing to the trend: looming mass veterinarian retirement, fewer vets wanting to own practices, low interest rates and high interest for investors, and more. The webinar also discussed the largest veterinary consolidators; Banfield Pet Hospital and VCA lead the way with nearly 2,000 practices; National Veterinary Associates counts more than 400 clinics, and VetCor has more than 200. Something corporate outfits can offer that consumers want is the convenience of pet health plans, which allow pet owners to pay in regular installments, increase clinic visits and revenue, improve patient care, attract new clients, and build a bond between the practice and the client. To counteract corporate sales, Volk said associates should work with a current owner, partner with others, and focus on one- and two-doctor practices. Other sectors of the profession mimic the consolidation trend. The top five animal drug manufacturers, Bayer Animal Health, Boehringer Ingelheim, Elanco Animal Health, …
AAVMC establishes scholarship fundraising awardAugust 16, 2018The Association of American Veterinary Medical Colleges (AAVMC) has created an annual award to inspire and recognize professional excellence and achievement in fundraising for student scholarships among member institutions. The AAVMC Award for Fundraising Excellence in Student Scholarships will consist of a $1,000 honorarium and a commemorative, and will be presented in conjunction with the annual meeting of the Association of Veterinary Advancement Professionals. "Creating this award is part of our strategic interest in helping advance the Veterinary Debt Initiative," said Andrew T. Maccabe, DVM, MPH, JD, and AAVMC CEO, adding that the award is focused exclusively on scholarship resource development and is not intended to recognize comprehensive program excellence in fundraising. "Increasing the amount of scholarship resources available for students in our member institutions is a viable strategy for creating a more financially sustainable operating environment for our students and recent graduates." All resources considered within the award program must be nonpublic sector resources (private, corporate, and foundation gifts) specifically earmarked for student scholarships. Planned versus actual gifts will be officially recognized based upon established standards in professional fundraising. Development programs within any AAVMC member institutions are welcome to participate in this recognition program; the performance window evaluated …
PetSmart Charities earmarks $500K for 21 North American vet schoolsAugust 16, 2018PetSmart Charities announced it is donating more than half a million dollars in total to 21 of North America's veterinary colleges and universities to fund new scholarships, research grants, and student ambassadorships. Through this investment, the organization said it hopes to foster career interest in the field of shelter medicine and empower veterinary students to promote and preserve the human-animal bond in local communities. "Historically, there's been a bit of a stigma within the veterinary community about working in a shelter environment or low-cost clinic due to perceptions of poor work-life balance, limited advancement opportunities and inadequate compensation," says Amanda Landis-Hanna, DVM, senior manager of PetSmart Charities' veterinary outreach program. "These are all misconceptions as these experiences can be truly rewarding for a veterinarian. Through this investment, we hope to disprove this stigma and encourage veterinary students to consider jump-starting their career in a shelter or low-cost clinic." Since 2015, the nonprofit has granted more than $6 million to veterinary colleges and universities to fund programs in the U.S. and Canada that provide students with hands-on experience providing emergency relief or performing vital procedures such as spay/neuter surgeries in local communities. "At PetSmart Charities, we know …
Survey: Feline MCS assessments a missed opportunity for veterinarians?August 16, 2018A recent survey of 111 veterinarians conducted by Kindred Biosciences Inc. found that the majority were not performing feline muscle condition score (MCS) evaluations during physical exams. Body condition scores (BCS) and MCS evaluations are a key part of a complete nutritional assessment for cats, said Christina Fernandez, DVM, MRCVS, DACVECC, professional services veterinarian with Kindred Biosciences. In the survey, 59 percent of veterinarians said they captured BCS during physical exams, but only 14 percent said they perform MCS assessments. "MCS evaluations are a relatively new practice but are increasingly recognized as a best practice in feline care," Dr. Fernandez said. "BCS has been a standard practice for many practitioners, and there are multiple validated scoring systems. Most veterinarians perform a BCS during regular visits, but BCS only evaluates the animal's body fat. MCS evaluations are easy to incorporate into the physical exam and provide extremely valuable information for trending patient body composition status over time. It helps veterinarians watch for any muscle loss over time to ensure our feline patients maintain a healthy body composition — and maybe even offer early warning signs of disease." Muscle loss can be a result of age, illness, and/or injury; no matter …
Australian vet awarded 2018 WSAVA, Hill's Next Generation honorAugust 15, 2018Dr. Guyan Weerasinghe, an Australian veterinarian working in small animal practice and as a state government veterinary officer, has been honored by the World Small Animal Veterinary Association (WSAVA) and Hill's Pet Nutrition as the winner of the 2018 Next Generation Veterinary Award. The award acknowledges the work of a veterinarian who graduated within the past 10 years and who has contributed significantly to the betterment of companion animals, the veterinary profession, and society at large. He graduated from the University of Queensland in 2011, gaining experience in dairy practice in New Zealand and in shelter medicine in Sydney, Australia. In 2017, he achieved a master's in veterinary public health and became a diplomate of the American College of Veterinary Preventive Medicine. In his current role at Greencross Caloundra, a companion animal practice on Queensland's Sunshine Coast, he maintains a small animal caseload and works alongside local animal rescue groups. Through his work for the Queensland Government's Department of Agriculture and Fisheries, he is involved with animal disease surveillance and response and increasing the awareness of public health risks in veterinary practice, including small animal clinics. He also collaborates on a number of …
Compassion-First launches program for noncredentialed vet techs, assistantsAugust 15, 2018Compassion-First Pet Hospitals has launched an educational development program for its noncredentialed veterinary technicians and assistants—the Compassion-First Technician and Assistant Development Program. The program involves a partnership with two American Veterinary Medical Association-accredited veterinary technician programs, Penn Foster College and Cedar Valley College, to provide educational options and tuition assistance for career growth. The new partnership provides noncredentialed veterinary technicians the opportunity to earn their AS degree in veterinary technology and become eligible to take the Veterinary Technician National Exam to become credentialed in their state. The program also includes a veterinary assistant certificate program approved by the National Association of Veterinary Technicians in America, in which employees become eligible to take the national exam and earn credentials as an approved veterinary assistant. "We are extremely pleased to offer a ground-breaking employer supported development program for our veterinary nursing teams that allows them to make a choice for their educational program and career path," said Janet McConnell, CVT, director of veterinary nursing development for Compassion-First Pet Hospitals. "Both Penn Foster and Cedar Valley College are outstanding programs that have completely different formats, allowing students to choose what fits them best from a financial, lifestyle, and program …
Veterinary small business owners reap pass-through income tax deductionAugust 15, 2018The American Veterinary Medical Association reported that veterinary small business owners will be able to take advantage of the new "pass-through" income tax deduction for the salaries they pay themselves. The U.S. Treasury Department and Internal Revenue Service (IRS) last week released proposed regulations detailing how they plan to apply the deduction, which is available to sole proprietorships, partnerships, trusts, and S-corporations under Section 199A of the tax code. The deduction was part of the Tax Cuts and Jobs Act, which was signed by the president in December and takes effect for the current 2018 tax year. According to the IRS and treasury officials, the full pass-through deduction will be available to owners of all small businesses, including veterinary practices, as long as their taxable income does not exceed $315,000 if filing jointly or $157,500 if filing individually. Beyond the stated income thresholds, the regulations would limit the deduction for the owners of certain types of businesses, including veterinarians and other business owners in the "field of health." The limited deduction would apply to veterinary business owners with taxable income between $315,000 and $415,000 if filing jointly, and $157,500 and $207,500 if filing …
Aug. 15 is Check the Chip DayAugust 14, 2018Lost pets have a better chance at finding their way home, thanks to the Check the Chip Day campaign.
