Veterinary Industry Summary: June 16–22, 2024
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
June 16–22, 2024
Spectrum of care is a hot topic in veterinary medicine. An article published in a recent issue of the Fountain Report authored by Terrisha Buckley highlighted the Denver Dumb Friends League Veterinary Hospital at Colorado State University-Spur. The Dumb Friends League (DFL) practice provides subsidized care at reduced or no cost to low-income families in the surrounding communities, so the practice team constantly works to make the biggest impact with limited resources.
In the article, Dr. Arik Smith, DFL lead veterinarian, highlighted the practice’s guidelines, which include:
- All pets deserve veterinary care.
- Don’t perform diagnostics if it doesn’t change the treatment plan.
- Strive to stretch resources to improve the quality of life for as many pets as possible.
- When a prognosis is guarded (meaning it’s still unclear what the outcome will be), focus on quality of life rather than curative treatment.
- When a pet presents with multiple concerns, focus on treating the condition that will most impact the quality of life.
Focused on compassion and understanding, the DFL team often receives referrals from other Denver-area clinics when pet owners can’t afford to pay for recommended treatments.
“We look for staff that are able to be compassionate and nonjudgemental. Many pets come to us in bad condition, and it’s easy to blame the owner, but we don’t know what their journey was to find us and what barriers they may be experiencing,” Dr. Smith told the Fountain Report.
Read the complete Fountain Report article here.
Check out the Veterinary Industry Tracker for daily stats.
| +2.5% Revenue YoY (Last Week) |
-2.3% Visits YoY (Last Week) |
The veterinary industry continued on a similar trajectory last week, with year-over-year revenue at 2.5% (down from 2.7% and 2.9% the previous two weeks) and visits at -2.3% (no change compared to the week prior).
 -5.2%Heartworm YoY |
-4.0% Flea/Tick YoY |
 +3.9%Services YoY |
-1.2% Products YoY |
Year-over-year parasiticide protection remained in the negative last week, with heartworm protection at -5.2% and flea/tick protection at -4.0% (both slight improvements from the previous week’s -7.6% and -5.9% respectively). Year-over-year services revenue was 3.9%, a small drop from 4.3% the week prior, and product revenue was -1.2%, compared to -2.0% the previous week.
| +4.6% Revenue YoY (Last 12 Months) |
-2.1% Visits YoY (Last 12 Months) |
After steady improvements since late May, revenue and visits began to level off on the rolling 14-day trendline.
| 5,562 Practices |
2.1M Revenue per Practice (Last 12 Months) |
10.4K Visits per Practice (Last 12 Months) |
New Mexico once again enjoyed the highest growth in year-over-year revenue last week at 10.6%, and the state came in second for visits at 0.1%. Iowa saw the biggest improvement in year-over-year visits at 0.4%.
*Numbers are subject to change based on data availability and PIMS adjustments.
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