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May 22, 2024 45 mins

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This week, the GeniusVets Show features Dr. Gregory Lloyd, of Hebron Animal Hospital, with David Hall, GeniusVets Co-Founder. 

This insightful conversation will dive into the Trends, Threats, and Opportunities facing veterinary practice ownership today. 

This far-reaching discussion will cover:

  • Navigating the Recruitment Challenge: Understand the current landscape of veterinary recruitment in 2024, including the persistent struggle to attract talented professionals amidst competition with corporate practices and unrealistic expectations set by veterinary schools.
  • Creating an Attractive Practice Culture: Explore strategies for cultivating a practice culture that appeals to prospective DVMs, emphasizing the importance of offering opportunities for practicing high-quality medicine and providing attractive facilities.
  • Building Relationships: Learn the power of personal connections in recruitment by engaging with veterinary students through career days, externship opportunities, and preceptorships, highlighting the effectiveness of building relationships over traditional job postings.
  • Addressing Financial Considerations: Address the financial challenges of hiring recent graduates, including offering competitive salaries, signing bonuses, and relocation allowances, while also considering the investment required as new hires may take time to become productive team members.
  • Long-Term Retention Strategies: Implement multiyear contracts as a retention strategy, providing financial incentives and fostering a supportive culture to ensure long-term commitment from veterinary hires, ultimately leading to a stable and successful practice.
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