Veterinary Management Groups (VMG) launches an Economic
Dashboard designed to provide data-driven insights into the
economic health of the veterinary industry. This groundbreaking
tool aims to empower veterinary professionals, business owners, and
stakeholders with actionable data to make informed decisions and
navigate the complexities of the broad economic and veterinary
landscape effectively.
JOHNS CREEK, Ga.,
April 26,
2024 /PRNewswire-PRWeb/ -- Veterinary Management
Groups (VMG) is proud to announce the launch of an Economic
Dashboard designed to provide data-driven insights into the
economic health of the veterinary industry. This groundbreaking
tool aims to empower veterinary professionals, business owners, and
stakeholders with actionable data to make informed decisions and
navigate the complexities of the broad economic and veterinary
landscape effectively.
"In today's rapidly evolving veterinary
landscape, access to timely and accurate data is crucial for making
informed decisions. Our dashboard fills this gap by providing
veterinary professionals with the tools they need to thrive in an
increasingly competitive market."
Accessible through the VMG website (https://www.myvmg.com/), the
Economic Dashboard offers a user-friendly interface that presents
key macroeconomic trends on inflation and expenditure in veterinary
services. A key feature of the new dashboard is the VMG Veterinary
Economic Barometer™, a comprehensive measure of the overall health
of the veterinary economy. The Barometer is based on a monthly
survey of VMG members' sentiments across several market
indicators.
"This dashboard and the monthly survey we are doing with VMG
members provides the profession with insights into a number of
economic indicators, all in one place," says economist and CEO of
Applied Economic Consulting, Clint
Neill, Ph.D., who partnered with VMG to build the dashboard.
"The addition of the VMG Veterinary Economic Barometer™ is a key
component, as it provides a regular pulse on what practice owners
are experiencing and their future expectations of the market."
The dashboard provides a data-driven approach on several
economic measures rather than anecdotal evidence of how practices
and the economy are performing. By leveraging the data reported in
the dashboard, users can gain valuable insights into market
dynamics, industry performance, and emerging trends.
"We are thrilled to introduce our Economic Data Dashboard, a
significant milestone in our commitment to supporting the
veterinary community," said Matthew
Salois, Ph.D., President of VMG. "In today's rapidly
evolving veterinary landscape, access to timely and accurate data
is crucial for making informed decisions. Our dashboard fills this
gap by providing veterinary professionals with the tools they need
to thrive in an increasingly competitive market."
"By marrying the macroeconomic data with market perceptions from
our nation's top independent veterinary practice owners, we have
the most comprehensive view of both what is happening right now and
what we expect to happen next in the business of veterinary
medicine," says Salois.
As part of VMG's commitment to supporting the veterinary
community, the Economic Data Dashboard is openly accessible on the
VMG website (https://www.myvmg.com/economic-dashboard). VMG members
receive an exclusive monthly report that provides a more
comprehensive economic analysis.
About Veterinary Management Groups:
Who is VMG? Simply put, we're a professional membership
organization dedicated to helping hospitals with veterinary
ownership experience practice success through collaboration.
Comprised of nearly 60 groups and more than 2,000 practices located
throughout the U.S. and Canada, we
are the sum of our member community. A group of problem solvers,
brainstormers, lifelong friends, industry leaders, and
veterinarians who focus on the highest levels of patient care,
always searching for new ways to improve their veterinary practice.
Learn more at: https://www.myvmg.com/
Media Contact
Andrea Langley, Veterinary
Management Groups, 1 (678) 395-3470, media@myvmg.com,
https://www.myvmg.com/
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SOURCE Veterinary Management Groups