Veterinary Industry Summary: December 31, 2023–January 6, 2024
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
December 31, 2023–January 6, 2024
The new year started with a bang in California, where Assembly Bill 1399, a law that allows veterinarians to prescribe medications virtually, officially went into effect on January 1, 2024. Before January 1, veterinarians in California were legally able to conduct telehealth visits and recommend care, but they were unable to prescribe medications.
Telehealth provider Airvet claimed to be the first company to make a fully VCPR-compliant remote diagnosis and corresponding written prescription in the state. The company’s chief veterinary officer, Dr. Jeff Werber, was on call on New Year’s Eve and conducted the visit.
Proponents of AB1399 believe the new law will improve access to care in California and help pet parents in rural areas as well as those areas affected by veterinary staffing shortages.
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| +8.4% Revenue YoY (Last Week) |
+5.0% Visits YoY (Last Week) |
After filtering out data from the January 1 holiday, year-over-year revenue and visits improved last week to 8.4% and 5.0% respectively.
 -5.5%Heartworm YoY |
-3.1% Flea/Tick YoY |
 +9.8%Services YoY |
+4.3% Products YoY |
Year-over-year parasiticide protection remained in negative territory last week, with heartworm protection at -5.5% and flea/tick protection at -3.1%. Meanwhile, revenue from services improved to 9.8% from 4.9% the previous week and revenue from products was up 4.3% from 1.2% the week prior.
| +6.1% Revenue YoY (Last 12 Months) |
-1.4% Visits YoY (Last 12 Months) |
The rolling 14-day trendline shows year-over-year revenue and visits declining slightly since mid-November.
| 5,294 Practices |
2.1M Revenue per Practice (Last 12 Months) |
10.5K Visits per Practice (Last 12 Months) |
Last week, North Carolina continued to dominate in year-over-year revenue growth at 10.7%, while West Virginia enjoyed the highest growth in year-over-year visits at 2.6%.
For daily state-specific stats, see the Premium Veterinary Industry Tracker at VeterinaryAnalytics.com.
*Numbers are subject to change based on data availability and PIMS adjustments.
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