Vet360 Vet360 Vol 4 Issue 6 | Page 6

PRACTICE MANAGEMENT Article reprinted with permission of DVM360 - Sept, 15 2017 DVM360 MAGAZINE is a copyrighted publication of Advanstar. Communications inc. All rights reserved. Why 'Use it or Lose it' Works in Veterinary Wellness Plans By Brendan Howard, Business Channel Director, VETTED When veterinary clients pay an annual fee—or monthly installments—for wellness services over the course of a year, will they be mad if they don't use them? Not if you remind them. (You ARE sending out regular re- minders for everything, right?) Plans cover cats, dogs and horses. • We quote Veterinary Credit Plans' Jessica Goodman Lee here in the article, and the company helps veteri- nary practices implement, market and manage those pesky credit card payments for annual wellness plans. Clients who pay for annual veterinary wellness plans should be watching the clock. If they don't, don't worry. Way before the genius veterinarians and businesspeo- ple swept in to build companies to manage wellness plans for veterinary practices, one particular practice owner, evaluator and consultant, Karl Salzsieder, DVM, JD, CVA, saw the opportunity in monthly-payment wellness plans and just did it himself. (Veterinary Eco- nomics wrote about his efforts numerous times over the years. If you're thinking about getting into wellness plans, you might be inspired by dvm360.com/sample- plan or dvm360.com/wellnessplans.) The Takeaway? You're smart, and you can go it alone on wellness plans with a strong action plan, a great practice man- ager to help, and a team-wide effort. But if you want backup, look around the next Fetch conference exhib- it hall, or check out the offerings like those above on Products360. And Dr. Salzsieder has fielded every question under the sun about wellness plans. Tops among them: 1. Should I include free visits for plan members (a la Banfield, where you don't pay for the visit, you pay for the product or service at the visit, as needed)? 2. How do I make sure clients come in to use the ser- vices they've paid for by the end of the year? Too Hard. Don't Wanna. When some readers used to see Dr. Karl Salzsieder's wellness plans, they would break out in hives. Who's going to set this up? How do we charge for it? Who's going to send out reminders? Who's going to admin- ister this? Today, you are free to rock your own plan ... or you can get help. Here are a handful of companies poised to help make implementing annual wellness plans doable: • DVM Network offers, not a wellness plan, but the loyalty discount card Pet Assure. It's like Diner's Club, only for veterinary practices. Some practitioners who use it swear by it. • The big PIMS and diagnostic dog IDEXX has the well- ness plan Petly Plans. • Premier Pet Care Plan promises a real hands-on, coaching take on implementing a wellness plan at your veterinary practice. • Got a mixed-animal practice? Prevent Plans' Well Pet vet360 Issue 06 | DECEMBER 2017 | 6 Dr. Salzsieder will argue any day that for most clients and most pets, you will come out way ahead, and that patient care will come out way ahead, when clients aren't staying away from your hospital ("Let's just wait and see...") because they're afraid of an automatic charge for a visit. Wellness-plan clients come in an av- erage of 5 times a year; clients not on the plan visit an average of 1.1 times. And that second question, about unused services? Dr. Salzsieder has a solution for that too: Tell them. And tell them again. "Our solution is to mail them a letter about 90 days before the end of the term of the one-year agree- ment and include in that letter notice of the items that still need to be checked before the plan expires," Dr. Salzsieder says. That gets some busy clients over the hump and into the exam room. "We also add them to our compliance calls, so they're called or receive a phone message to remind them to come in for the unused items," he says. That helps some clients. One company managing wellness plans for independ- ent veterinary practices is Veterinary Credit Plans, and their process mirrors Dr. Salzsieder's—except with an email bent. Director of Veterinary Solutions Jessica Goodman Lee, CVPM, says their system sends email reminders 90 days out and 60 days from the end of the plan's automatic renewal date.