UA-170695639-1 The data of the veterinary industry with Dr. Salois from AVMA - The Veterinarian Success Podcast

Episode 31

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Published on:

15th Mar 2020

#31 Matthew Salois, PhD - Translating data into insights for veterinary medicine

In this episode, I’m joined by Dr. Matthew Salois, Chief Economist and Head of the Economics Division at AVMA. We discuss the following:

  • LinkedIn and how Dr. Salois has leveraged social media to not only educate the industry but understand where to direct more in-depth research based on feedback.
  • The cost of veterinary medical care and the economic dynamics in play today, and the amount of care that’s left undone. 33% of pets don’t receive the proper care from a veterinary professional annually.
  • Debt and financial stress and the impact this has had on the profession. He shares some insights into the breakdown of student loan debt in the industry.
  • Why financial literacy won’t solve the issues plaguing the industry.
  • Asking for help in areas outside of our expertise is not only smart, but it’s also necessary.
  • The labor market and attracting talent, what are the industry trends in hiring and retaining talent.
  • The utilization of vet techs and looking at the dentistry model for inspiration on delegation of workloads within a practice. 60% of veterinary practices are not thriving and operating inefficiently; he discusses the AVMA efficiency index.
  • Leadership and how he leads a team of high-performing people.

Books mentioned by Patrick Lencioni

  1. The Five Dysfunctions of A Team
  2. Death by Meeting: A Leadership Fable...About Solving the Most Painful Problem in Business
  • What would be the one data set of veterinary medicine data would he love to get, and what would he do with it?
  • He shares his definition of success both personally and professionally.
  • Finally, he shares a great call to action for anyone working in veterinary medicine.


Dr. Salois’ LinkedIn - https://www.linkedin.com/in/msalois/


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About the Podcast

The Veterinarian Success Podcast
Welcome to the Veterinarian Success Podcast where you go in-depth with a veterinarian specific financial planner Isaiah Douglass, MBA, CFP® to hear stories, opinions, and leading information about the world of veterinarian medicine from industry professionals. The podcast covers topics relating to the clinical, business, financial, and personal side of to help encourage, promote, and advocate for a healthy and happy standard of care for veterinarians, their families, their staff, and their businesses.

About your host

Profile picture for Isaiah Douglass, MBA, CFP®, CEPA

Isaiah Douglass, MBA, CFP®, CEPA

I am a CERTIFIED FINANCIAL PLANNER™ and a Fee-Only advisor. I left a large national firm to found a solo financial planning firm in 2018 to pursue a planning approach dedicated to identifying ways to grow the net worth of veterinarians and dentists. In the summer of 2020, I merged with another financial advisor and became a partner in Vincere Wealth Management.

To check out Vincere Wealth Management ➡ www.vincerewealth.com