
News|Articles|October 15, 2009
Helping clients pay in difficult times (part 7)
Analysis of veterinary market data shows that pet owners need payment options
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Over the past 12 years, the percentage of practitioners that actively recommends pet insurance has done nothing but climb. And in the same study, conducted by DVM Newsmagazine, 76 percent of practitioners said they would like to see pet owners use pet health insurance more.
Still, only 1 percent to 2 percent of pet owners take advantage of insurance.
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What lenders evaluate, which funding structures fit, and how much working capital to build in may help make the early years of practice ownership more manageable.

In a new national survey, most pet owners reported holding steady or increasing what they spend on their pets. Only 7% of consumers said they would trim pet health spending if money got tight.
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