COVID-19 , News

Yes, business is slowing at veterinary clinics

COVID-19 has negatively affected practice visits and revenue, VetSuccess reveals.

Yes, business is slowing at veterinary clinics
A snapshot of revenue and invoice totals from 207 California veterinary clinics over a nine-day period in March shows declines from the previous year.

Anyone looking for confirmation that the COVID-19 pandemic has put a damper on business at veterinary practices needs only check out VetSuccess’ new Veterinary Industry Impact Tracker.

The online dashboard, available at https://bit.ly/3afxUd0, permits visitors to view aggregated revenue and invoice reports from nearly 2,400 hospitals nationwide. The data can be broken down by state, metropolitan area, revenue type, date and practice size.

“In an effort to support veterinary practices during this challenging time, we’ve developed a dashboard to track the daily impact of COVID-19 on the veterinary industry,” the Toronto company reported on its website. “The tracker shows daily visits and revenue, plus how each day compares to the same day last year on a regional basis. Use this tracker to monitor the industry and compare your practice numbers.”

The dashboard revealed that year to date, revenue nationwide was up 5.05% and invoices down 3.75% through March 24 when compared with the same period in 2019.

Over the seven days from March 18 to 24 in metropolitan New York, both categories fell by almost 18%.

The 2,400 hospitals surveyed make up less than 10% of the estimated 28,000 to 33,000 U.S. veterinary clinics but are seen as a fair representation of the industry as a whole.

VetSuccess offers performance reports, dashboards and automated marketing solutions for veterinary practices and industry partners.

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