Veterinary Industry Summary: October 20–26, 2024
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
October 20–26, 2024
Vetsource has announced that the Vet2Pet app and client engagement solution will now be free for all Vetsource Prescription Management customers.
Originally designed by veterinary professionals trying to solve their own pain points in practice, Vet2Pet offers an array of features that help veterinary professionals save time and increase efficiency, nurture client relationships and build stronger bonds, and provide the best care, improving compliance and revenue.
Through Vet2Pet, practices can:
- Manage appointments, including appointment requests, confirmations, and checkouts
- Accept virtual payments
- Automate health service reminders
- Communicate with clients via in-app chat, two-way text, email, and push notification
- Receive prescription refill and health record requests
- Reward clients for their loyalty
According to Vetsource data, practices using Vet2Pet receive an average of 626 appointment requests annually through the app, which means those front desk teams answer 626 fewer phone calls each year.
“Keeping veterinarians and the pets they care for is at the center of everything we do,” said Katie McClean, Vetsource’s vice president of customer success. “Customers can continue to count on us for solutions that positively impact pet health — today, tomorrow, and well into the future.”
Find out how practices can get Vet2Pet for free.
Check out the Veterinary Industry Tracker for daily stats.
| +2.6% Revenue YoY (Last Week) |
-2.3% Visits YoY (Last Week) |
Year-over-year veterinary industry revenue continued to improve last week at 2.6%, up from 1.7% the week prior. Visits were -2.3%, also a slight improvement compared to the previous week’s -2.8%.
 -5.9%Heartworm YoY |
-4.5% Flea/Tick YoY |
 +3.9%Services YoY |
-1.5% Products YoY |
Year-over-year parasiticide purchases declined last week, with heartworm falling from -4.6% to -5.9% and flea/tick dropping from -2.9% to -4.5%. Revenue from services jumped from 2.6% the previous week to 3.9% last week, while revenue from products fell from -1.0% to -1.5%.
| +3.3% Revenue YoY (Last 12 Months) |
-2.5% Visits YoY (Last 12 Months) |
The rolling 14-day trendline showed revenue and visits leveling off over the past two weeks.
| 5,561 Practices |
2.2M Revenue per Practice (Last 12 Months) |
10.4K Visits per Practice (Last 12 Months) |
Last week, Colorado saw the biggest gains in year-over-year revenue at 7.1%, while Connecticut came in second place at 6.0%. Minnesota was again the only state to see positive growth in year-over-year visits at 0.1%. Washington, Michigan, and Illinois experienced smaller declines in visits than other states, coming in at -0.7% each.
*Numbers are subject to change based on data availability and PIMS adjustments.
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