CVMA | Business Management

Business Management

CVMA Business Management ProgramOne of the CVMA’s three strategic priorities is helping veterinarians achieve ‘a successful career and a balanced life.’ Although achieving this state of balance may be considered a luxury by many practitioners, it is more easily attainable in profitable practices.

The CVMA’s Business Management Program (BMP) was developed to support and help all members, regardless of employment type, achieve a successful career and a balanced life.

This program helps veterinary practices and practice owner/partners by:

  • helping practices benchmark their financial performance and competitiveness, establish fees, and determine compensation and benefits levels for associate veterinarians and non-DVM staff through provincial veterinary Practice Owners Economic Surveys;
    • providing a detailed personalized report, upon completion of the Practice Owners Economic Survey, that provides general recommendations to help improve practice profitability;
    • providing a practice value estimate, upon completion of the Practice Owners Economic Survey, that provides an estimate of their practice worth based on profitability;
  • publishing practice management articles in The Canadian Veterinary Journal, comparing and analyzing compensation, benefits, fees, inflation, budgets, and trends across the country and gives advice on topics such as attracting clients and managing purchases;
  • providing veterinarians easy access to pertinent online resources and information on personal financial management, veterinary business management, and client management through the CVMA’s online Career and Business Toolkit.

This program helps Associate Veterinarians by:

  • investigating all aspects of compensation and benefits through the Survey of Compensation and Benefits for Associate Veterinarians, a member service provided by the CVMA in collaboration with the provincial Veterinary Medical Associations.  This survey is designed to examine the compensation and benefits provided to associate (non-owner) veterinarians in private practice and examines several characteristics (type of practice, years in practice, location, types of compensation, etc.) The resulting produces the Report on Compensation and Benefits for Associate Veterinarians -- an important benchmarking tool.

This program helps Veterinarians in Government, Industry, and Academe by:

The CVMA acknowledges the collaboration of the provincial veterinary medical associations and appreciates the program co-partners for their financial support.