Veterinary Industry Summary: September 3–9, 2023
Stats from the Veterinary Industry Tracker powered by Vetsource and AVMA
September 3–9, 2023
Can a veterinarian-client-patient relationship (VCPR) be established remotely? As virtual visits become a normal part of human medicine, the jury is still out in veterinary medicine. But with veterinary visits on the decline, telehealth is being discussed as a potential way to improve access to care and help address workforce challenges.
A California bill that would allow the remote establishment of a VCPR advanced last week in the state senate, while the AVMA and California VMA (CVMA) expressed opposition.
“Veterinarians worry that the use of telemedicine without a previously established in-person relationship will produce more incidents of inaccurate diagnoses and ineffective treatment plans, more unnecessary prescriptions, and delays in accurate diagnoses and correct therapy,” said an AVMA article.
The Veterinary Virtual Care Association (VVCA) is among the supporters of the California bill, claiming it will improve access to care.
In Texas, however, for the third time, a federal district court upheld provisions of Texas’ veterinary practice act, which requires the in-person establishment of a VCPR.
Check out the Veterinary Industry Tracker for daily stats.
| +3.3% Revenue YoY (Last Week) |
-1.9% Visits YoY (Last Week) |
After steep declines two weeks ago — likely due to Hurricane Idalia, with the most pronounced changes occurring in Florida and Louisiana —year-over-year revenue and visits rebounded last week. Revenue was up 3.3% from 1.2% the previous week, and visits were down -1.9%, an improvement from -4.4% the week prior.
 -5.4%Heartworm YoY |
-3.6% Flea/Tick YoY |
 +4.7%Services YoY |
+0.3% Products YoY |
Parasiticide protection dispensed improved last week compared to the previous week, although the year-over-year numbers were still down. Year-over-year heartworm and flea/tick improved to -5.4% and -3.6%, with the prior week’s numbers at -10.6% and -8.5% respectively. Revenue from products and services was up last week as well.
| +6.5% Revenue YoY (Last 12 Months) |
-1.9% Visits YoY (Last 12 Months) |
The rolling 14-day trendline shows year-over-year revenue and visits leveling off after declining over the past month.
| 5,063 Practices |
2.0M Revenue per Practice (Last 12 Months) |
10.5K Visits per Practice (Last 12 Months) |
Massachusetts continued to experience the highest average growth in year-over-year revenue for the past 12 months at 11.5%, with North Carolina close behind at 11.3%. Tennessee still experienced the highest average growth in year-over-year visits 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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