004 Can Money Buy Happiness? - Matthew Salois, PhD

We asked Matt Salois, PhD, Chief Economist & Head of Veterinary Economics for the AVMA, about how veterinary practices have thrived during COVID, what practice owners should be doing to mitigate loss in revenue due to competitors or economic downturns, and if it is possible to provide cost-effective care without sacrificing the wellbeing of the veterinary team.- What makes a vet practice resilient?- How can practice owners minimize the effects of economic downturns?- How should we respond to increased competition from PetMed Express, Chewy & Amazon?- Is it possible to make a profit providing low-cost care while ensuring staff is taken care of?- What leads to behavior change when it comes to finances?- What is the relationship between money and wellbeing?- What separates practices that have thrived due to increased demand during COVID versus those that have adapted in ways that make them more successful?- What is the data on practices that are thriving now versus before COVID?Ways to connect with Matt Salois:https://www.linkedin.com/in/msalois/Ways to connect with Veterinary Financial Summit: VetFinancialSummit.comInstagram: @vetfinancialsummitFacebook: https://www.facebook.com/VetFinancialSummitLinkedIn: https://www.linkedin.com/company/vetfinancialsummitEmail: [email protected]