Press release
Groundbreaking IDEXX Study Reveals Opportunities to Increase Veterinary Practice Productivity
Major gains possible by optimizing workflow, applying technology smartly, and improving talent management WESTBROOK, Maine, Feb. 20, 2023 /PRNewswire/ --
About this update from Idexx Laboratories, Inc.
[{"type":"text","content":"Major gains possible by optimizing workflow, applying technology smartly, and improving talent management\nWESTBROOK, Maine, Feb. 20, 2023 /PRNewswire/ -- IDEXX Laboratories, Inc. (NASDAQ: IDXX), a global leader in pet healthcare innovation, today announced a first-of-its-kind empirical study aimed at addressing veterinary practice capacity constraints. In the publication Finding the Time: Empowering Veterinary Teams to Get the Most Out of Every Day, IDEXX introduces the veterinary Practice Productivity Index™, a data-driven framework and collection of guides for transforming practice productivity across the dimensions of workflow, technology, and culture. Depending on where a practice sits on the Practice Productivity Index, the study reveals opportunities to find up to 2,000 hours per year—the equivalent of adding one full-time veterinarian.* The findings are based on 786 survey participants, in-depth clinical observations, financial evaluations, and extensive practice-level data.\n\n \n \n \n \n \n \n\n \n\"Veterinary professionals operate in an entirely new landscape compared to a few years ago,\" said Jay Mazelsky, IDEXX President and Chief Executive Officer. \"Veterinary practices have asked us for strategies and solutions to address the challenges they're facing. A key insight from the study is that small steps can help them find more hours in the day, and when improvements are implemented strategically, they can have a significant impact.\"\nFinding the Time: Empowering Veterinary Teams to Get the Most Out of Every Day sheds light on staffing challenges throughout the veterinary industry while providing strategies for creating additional capacity and ultimately supporting a happier, healthier veterinary team.\nIn the workflow category, 82% of study respondents indicated that they are trying to hire at least one staff member and are experiencing difficulties filling those positions. The study details how practices can boost efficiency by taking steps such as adopting the most appropriate staffing model, empowering technicians to support more complex tasks, and improving staff and patient flow within the physical layout of a clinic. Within the technology dimension, 85% of respondents noted that their practice's software applications and platforms do not integrate well with their practice information management system (PIMS...