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.
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, [email protected], https://www.myvmg.com/
SOURCE Veterinary Management Groups
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