Veterinary Industry Summary: March 3–9, 2024
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
March 3–9, 2024
Florida is poised to join a handful of states that allow a veterinarian-client-patient-relationship (VCPR) to be established virtually, without an in-person veterinary visit.
The Providing Equity in Telehealth Services (PETS) Act (H.B. 849) received unanimous support last week in the Florida legislature and is now awaiting Governor Ron DeSantis’ signature to become law.
As improving access to care remains a priority for many in the veterinary profession, the bill’s sponsors Senator Jennifer Bradley and Representatives Sam Killebrew and James Buchanan are looking forward to helping more Florida pets get the care they need.
“This legislation gives veterinarians the professional flexibility to offer telehealth services and opens more doors to the veterinary healthcare system for pet owners who face difficulties accessing veterinary care for their pets, including senior citizens, working families, disabled individuals, and Floridians who live in rural areas and other veterinary deserts,” Senator Bradley was quoted in a recent ASPCA article. “Telehealth can be a lifeline for pets during weekends and evenings when most clinics are closed and provides more options for owners of large, fearful, and senior pets to see veterinarians from the comfort of home, bringing essential care to more pets when and where they need it.”
States that currently allow a virtual VCPR include Idaho, New Jersey, Vermont, Virginia, Arizona, and California.
Check out the Veterinary Industry Tracker for daily stats.
| +3.2% Revenue YoY (Last Week) |
-1.9% Visits YoY (Last Week) |
Year-over-year revenue and visits rebounded last week, as revenue improved to 3.2% from 2.7%, and visits, although still in negative territory, climbed to -1.9% from -2.8% the previous week.
 -2.9%Heartworm YoY |
 +0.5%Flea/Tick YoY |
| +4.2% Services YoY |
+0.2% Products YoY |
As much of the country embraced spring-like weather last week, pet owners also seemed to embrace parasiticide protection for their pets. Year-over-year heartworm protection jumped to -2.9% from -11.4% the week prior, and flea/tick protection improved to 0.5% from -10.4% the previous week. Although year-over-year revenue from services was 4.2%, it fell slightly from the prior week’s 4.8%. Revenue from products, however, increased to 0.2% from -3.9% the previous week.
| +5.2% Revenue YoY (Last 12 Months) |
-2.0% Visits YoY (Last 12 Months) |
The rolling 14-day trendline shows revenue and visits remaining fairly flat since mid-February.
| 5,444 Practices |
2.1M Revenue per Practice (Last 12 Months) |
10.5K Visits per Practice (Last 12 Months) |
North Carolina continued to enjoy the most growth in year-over-year revenue and visits last week, at 9.3% and 0.9% respectively. New Hampshire came in second for year-over-year revenue growth at 8.4%, while Iowa was second-best for year-over-year visits at -0.1%.
*Numbers are subject to change based on data availability and PIMS adjustments.
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