Inflation is Up – Now What?
A Practice Manager’s Guide to Staying Sane and Smart
How to Keep Your Clinic Running Smoothly When Everything Costs More Than it Did Last Week
You’re not imagining it – gloves cost more, medications cost more, dog food costs more, and yes, coffee for the breakroom also costs more (sorry).
Inflation is touching everything from syringes to salaries, and veterinary practice managers are right at the epicenter – trying to balance care, costs, and staff sanity.
So how do you lead your team through rising expenses without compromising your quality of care or losing your mind?
Here are practical, vet med-specific strategies to help.
1. Audit Where EVERY Dollar Goes
Start by reviewing your:
- Inventory habits: Are you overstocking low-turnover items?
- Subscription services: Are there overlapping tools or services you no longer use?
- Vendor pricing: It’s worth asking about bulk discounts, alternatives, or contract renegotiations.
Even a few saved dollars per unit on high-volume items (like vaccines, lab tests, or commonly dispensed meds) can make a HUGE difference over time.
Quick win: Conduct a 15-minute “inventory leak” meeting with your techs – ask them what’s regularly wasted, expired, or over-ordered.
2. Reevaluate Your Pricing – Without the Guilt Trip
We get it – raising prices can feel uncomfortable. But:
- Your costs have gone up.
- Your staff deserves fair compensation.
- Your practice is a business.
Instead of apologizing for price adjustments, communicate the value: your team’s expertise, your investment in medical equipment, and your commitment to top-tier patient care.
If you haven’t reviewed your fee schedule in the last year, now is the time.
Pro tip: Use inflation data + veterinary benchmarking tools (like VHMA or AAHA) to guide adjustments confidently.
3. Invest in Your People – Because Replacing Them Costs Even More
Inflation doesn’t just affect your expenses – it affects your team’s lives too. If your staff is struggling to afford groceries, rent, or gas, retention becomes harder.
While across-the-board raises may not be feasible, consider:
- Cost-of-living bonuses
- Gas or meal stipends
- Flexibility and scheduling perks
- Supporting continuing education and certifications (which also boost practice value)
Reminder: It costs more to replace a burned-out team member than to support a loyal one.
4. Leverage Technology (and People Power) to Reduce Waste
Now is the time to streamline workflows and delegate efficiently.
For example:
- Use virtual services like VetReceptionists.com (hey, that’s us!) to handle phones, scheduling, and client follow-ups – so your in-clinic crew can focus on patient care.
- Automate appointment reminders and refill alerts.
- Digitize check-in and intake forms.
Every minute saved is a dollar saved. Every task removed from an overwhelmed tech or CSR is a step toward retention.
5. Communicate Transparently – With Your Team and Your Clients
Inflation affects everyone, including your clients. And while sticker shock is real, so is honesty.
Don’t just say prices went up – explain why:
- “We’ve adjusted prices slightly so we can continue to offer the same quality of care and support our team.”
- “Costs of medical supplies have increased significantly, and we’re doing our best to manage it responsibly.”
Also be honest with your staff. Let them know you’re monitoring expenses and actively advocating for a practice that’s sustainable – for them too.
Final Thoughts: You Can’t Control the Economy, But You Can Steer the Ship
Being a practice manager during a time of financial uncertainty is no small task. You’re carrying the weight of the clinic, the team, and the bottom line – often with little recognition.
But you’re also:
- Adaptable
- Resourceful
- Strategic
- And exactly the kind of leader this moment needs
At VetReceptionists.com, we’re proud to support veterinary teams with real solutions that save time, reduce costs, and create more breathing room – both financially and emotionally.
Want to talk about how virtual reception can lighten your load without blowing your budget? Let’s connect!
Because surviving inflation doesn’t have to mean surviving alone.
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