Veterinary practices are back in the black after a long drought of poor year-over-year revenue numbers.
The gorgeous California sun is finally peeking through the recession cloud for veterinary practices in the Golden State, according to Tom McFerson, CPA, ABV, a partner with veterinary accounting firm Gatto McFerson in Santa Monica, Calif.
The 150 practices McFerson surveys are seeing year-over-year boosts from March on. Small animal practices in Southern California experienced revenue increases in March of 4 percent to 6 percent. Northern California practices saw revenue growth of 3 percent to 5 percent.
The hardest-hit hospitals—specialty, emergency, and referral practices—even saw a silver lining in their own dark cloud of months of revenue drops. They experienced a slight 0.3 percent increase in March after months of decreases of 5 percent or more.
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