AI Article Synopsis
- In Canada, registered veterinary technicians (RVTs) are important team members in veterinary practices, yet their economic impact hasn't been thoroughly studied.
- A survey conducted in Ontario revealed that for every additional RVT per veterinarian, practices experienced a significant annual revenue increase of about $79,118.
- Clinics that paid RVTs over $21 per hour had higher profits, earning an average of $122,342 more in revenue compared to those paying $15 or less per hour.
Article Abstract
In Canada, registered veterinary technicians (RVTs) are highly trained, regulated professionals working as an integral part of the veterinary team, but there has been little work to quantify their impact on veterinary practices. The objectives of the study were to explore the utilization rates of RVTs and quantify the economic value that RVTs bring to veterinary practices in Ontario, Canada. An online survey was deployed to explore the function of RVTs and their non-credentialed counterparts in practices. There were 169 responses, with 112 respondents providing economic indicators. For each additional RVT/veterinarian, gross annual revenue per veterinarian (RPV) increased by $79 118 (SE = $21 146, < 0.0001). For 1- and 2-veterinarian practices, if the veterinarian frequently performed RVT duties, the practices were less profitable than clinics that relied on RVTs to perform such duties ( = 0.0001). Finally, clinics which paid their RVTs over $21 per hour earned $122 342 (SE = $58 874, = 0.04) more RPV relative to clinics which paid their RVTs $15 or less per hour.
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| http://www.ncbi.nlm.nih.gov/pmc/articles/PMC7155880 | PMC |
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