Veterinary Industry Summary: June 4–10, 2023
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
June 4-10, 2023
New laws in California and Arizona are clearing the way for increased virtual care while still centering the importance of the veterinary-client-patient relationship (VCPR). The push for new legislation comes amidst the veterinarian shortage and expanding access to care.
Check out the Veterinary Industry Tracker for daily stats.
Revenue YoY (Last Week)
Visits YoY (Last Week)
Revenue was up this past week at 5.6% year over year, higher than the week prior. Visits are still down at -1.2% year over year this past week, also higher than the week before.
Heartworm and flea/tick protection dispensed are still down, though significantly higher than the week prior. Revenue from services was up at 6.3%, lower than the week before, and revenue from products was up at 3.2%, significantly higher than the preceding week.
Revenue YoY (Last 12 Months)
Visits YoY (Last 12 Months)
The rolling 14-day trendline shows revenue and visits growth year over year trending slightly higher in 2023 than 2022. Revenue may be showing a pattern of slight growth, staying at a high of 5.9% compared to prior weeks holding at 5.6%.
Revenue per Practice
(Last 12 Months)
Visits per Practice
(Last 12 Months)
Maine continues to stay on top for year-over-year revenue growth on average for the past 12 months, with 10.1% growth, followed by North Carolina at 9.8% and Tennessee at 9.7%.
For daily state-specific stats, please see the Premium Veterinary Industry Tracker on VeterinaryAnalytics.com.
*Numbers are subject to change based on data availability and PIMS adjustments.
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