Veterinary Industry Summary: October 15–21, 2023
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
October 15–21, 2023
October 15–21 was National Veterinary Technician Week. And as practices recognized and celebrated their veterinary technicians, many industry professionals were thrilled to check out the American Animal Hospital Association’s newly released 2023 AAHA Technician Utilization Guidelines.
Staffing, efficiency, and burnout issues continue to plague the profession, and these new guidelines aim to help improve all three.
Some highlights from the guidelines include:
- Credentialed veterinary technicians cite lack of utilization as a top reason for leaving the profession.
- Proper team utilization can optimize efficiency, increase access to care, improve patient care, and improve staffing and retention problems.
- When technicians are allowed to work to the top of their skill set, the entire team is more efficient and profitable. Practices where veterinarians rarely perform tasks that credentialed veterinary technicians should be performing show an average revenue increase of 36%.
Check out the Veterinary Industry Tracker for daily stats.
Revenue YoY (Last Week)
Visits YoY (Last Week)
While year-over-year visits were still down, both year-over-year revenue and visits improved last week compared to the previous week. Revenue was up 4.1% from 2.9%, and visits were -1.6%, a 1% improvement from -2.6% the week prior.
Months of parasiticide protection dispensed improved last week. Year-over-year heartworm improved to -6.4% from -9.6% the week prior, and flea/tick was 0.0%, a 5% improvement over the previous week. Revenue from services and products also gained ground, with year-over-year services revenue up 5.3% compared to 4.3% the previous week, and year-over-year products revenue up 1.2% compared to -0.8% the week prior.
Revenue YoY (Last 12 Months)
Visits YoY (Last 12 Months)
The rolling 14-day trendline shows year-over-year revenue and visits dropping slightly after rebounding since late September.
Revenue per Practice
(Last 12 Months)
Visits per Practice
(Last 12 Months)
Massachusetts continued to see the highest year-over-year revenue growth at 12.4% last week, while Tennessee experienced the highest year-over-year visits growth at 2.5%.
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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