California veterinarians see big May downturn
Larger-than-expected revenue drops sour March's strong showing.
Veterinarians in California — one of the hardest-hit states in this recession — can be forgiven for feeling like they're on a financial roller coaster. Data for March 2010 looked pretty good, says Tom McFerson, CPA, ABV, partner with Gatto McFerson CPAs in Santa Monica, Calif. But new numbers for May are lower than expected.
The 150 practices that share data with McFerson experienced year-over-year revenue decreases:
> Small animal practices in Northern California saw revenue decreases of 3 percent to 4 percent
> Small animal practices in Southern California saw revenue decreases of 4 percent to 6 percent
> Specialty, emergency, and referral practices saw revenue decreases of 3 percent to 5 percent.
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