Animal Health Solutions

30 Covetrus | ph: 855.724.3461 | fx: 888.329.3861 | northamerica.covetrus.com Patient financing You have a lot of treatment options to help pets stay healthy. But when it comes to paying for them, what options do you offer pet owners? Far too often, the only barrier to providing a lifesaving treatment is the cost. You can help pet owners overcome that obstacle by providing financing options. Not only is that good for the pet and owner, but also your practice—helping you add revenue while focusing more on what matters most: patient care. For patients, you can offer special financing options that can include deferred interest and no annual fees. Plus, the application process is fast and easy—and credit decisions are quick. For your practice, the most immediate benefit is removing the financial barriers to patient care. In addition, you'll improve cash flow, while reducing billing and collection costs. You'll receive payment within two business days regardless if the pet owner delays or defaults on the loan. There are low merchant fees—and no monthly, annual, or minimum-use fees. For Covetrus customers, there's no enrollment fee as well. Customer collections Every veterinary practice needs an efficient way to collect on outstanding accounts. It's a sound strategy for accelerating cash flow, increasing profit margins—and helping veterinarians focus more on patients and less on overdue invoices. Covetrus can help you maximize efficiency when managing collections, boosting both your profits, and peace-of-mind. Demographic site analysis reports Thinking about starting a new practice, relocating, or adding another site of care? Know your market before making the commitment. A Covetrus site analysis report includes such detailed information as residential and employed populations, socioeconomic indicators (economic, educational and housing variables), local competitors, and much more. These invaluable insights can help make the difference in the success of your new venture. Potential tax benefits: Another way to fund practice improvements The Section 179 tax deduction could reduce your cost for new and used equipment, as well as off-the-shelf software (ask your tax advisor to be sure). To take the deduction in the 2021 tax year, finance or purchase between January 1, 2021 and December 31, 2021. If you spend more than $2.5 million, the deduction begins to decrease on a dollar-for-dollar basis. Also, you can take a 100% bonus depreciation on new and used equipment after reaching the Section 179 Spending Cap. Example calculation 2021 Equipment purchases total $125,000 Section 179 deduction $125,000 Cash savings on your purchase $30,000 New cost of equipment after tax savings $95,000 *Example assumes a 24% tax bracket Looking beyond the pandemic You opened your veterinary practice to keep pets healthy. Now, Covetrus financing solutions can help your practice stay healthy as well as you put your plans into action. It's the perfect prescription for success in a post-pandemic world. If you have any questions or would like more information on how you can partner with Covetrus for financial solutions, contact Shon Bjerregaard, Covetrus National Finance Manager, at 801-688-6467 or email him at shon.bjerregaard@covetrus.com.

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