The Society of Practicing Veterinary Surgeons (SPVS) has teamed up with Hazlewoods accountants, to deliver SPVS 2022 Profitability Survey, which is now available to complete online.
In the current climate it is more important than ever to be tracking business key performance indicators (KPIs).
Vets are encouraged to not only track KPIs but also be actively benchmarking, to get the best outcomes possible for their practices.
The SPVS Profitability Survey will be used to provide anonymised benchmarking information to enable vets to compare their practice profitability and help identify areas that need to be addressed to improve profitability – vital in today’s economic climate.
The survey asks questions around a range of key reporting figures including gross profit margin, staffing cost levels and earnings before interest, taxes, depreciation, and amortisation (EBITDA), to allow for benchmarking in greater detail.
The anonymised benchmarking results of the survey will be free to all participants, including non SPVS members. SPVS members will receive the benchmarking results together with supporting commentary.
The deadline for completion is 4 November 2022.
For more information and to complete the survey visit the SPVS website.
For more information about SPVS, becoming a member and other member benefits visit the website.
