Farm Ireland

Saturday 24 March 2018

Direct debits save on vet bills

FARMERS are getting discounts of up to 7.5pc on their veterinary bills in an interesting new initiative being undertaken by some veterinary practices.

In return for agreeing to monthly direct debits for veterinary services, farmers are getting sizeable discounts on their final bills.

In turn, the veterinary practice saves on time spent chasing over-due accounts and keeps cash-flow at healthy enough levels to afford optimal staffing numbers.

Estimates vary but it is believed that some veterinary practices have six-figure sums outstanding on their accounts.

Farmers who have signed up to the system say it also reduces administration at farm level.

It is believed that billing by direct debit may become more widespread as vet practices explore ways of cutting costs. Progress is likely to be slow until farmers become comfortable with automated payment.

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Irish Independent