Today's Veterinary Business

AUG 2018

Today’s Veterinary Business provides information and resources designed to help veterinarians and office management improve the financial performance of their practices, allowing them to increase the level of patient care and client service.

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Page 40 of 75

Business THE VETALYTIX REPORT Welcome to The Vetalytix Report for the second quarter of 2018. The June/July issue of Today's Veterinary Business reported that the first quarter proved challenging for many U.S. veterinarians as revealed by decreases in product consumption across numerous categories. With cold and snow taking a toll on business, many regions of the country were sig- nificantly more impacted than others. Did practices fare better in April, May and June? Let's take a look using product consumption data made avail- able through Animalytix and its data platform, Middle Atlantic For the second quarter in a row, veterinary business metrics for the mid- Atlantic states were below average compared to broader market dynamics. Overall clinical volume was up 1 percent compared to the second quarter of 2017 but below the national average of 3 percent. While lagging national trends, the small positive growth represents a 3 percent swing from the negative 1.7 percent observed in the first quarter of 2018. Some of the challenges in this region can be attributed to a shift in well- ness care as both canine and feline core vaccine volumes were again nega- tive compared to the prior year and below national averages. Canine influen- za volume, a value that varies significantly depending on the prevalence of clinical outbreaks, increased significantly from the second quarter of 2017. Procedural volume was off from the second quarter of 2017, although less impacted than the effects observed nationally. In the case of flea and tick preventives, the data suggests a decrease in second-quarter volume, although no more significant than the effects seen more broadly. Great Lakes Veterinary business metrics for the East North Central states (Great Lakes) were consistent with broader national trends suggesting continued stabili- ty in this regional market. Overall clinical volume was up 2 percent compared to the second quar- ter of 2017 and ahead of what was observed in the first quarter of 2018. The West does best in the second quarter Mid-Atlantic and Great Lakes veterinary practices had their ups and downs. Middle Atlantic Q2 2018 Q2 2018 National Vet Consumption Index (Overall Clinical Volume) 1% 3% Canine Core Vacc Doses -1.3% 1.6% Canine Flu Vacc Doses 33.6% -18.6% Feline Core Vacc Doses -0.1% 3.3% Advanced Procedural Volume (Inhalant Anesth. Dynamics) -11.4% -14.7% Flea Tick Doses -8.1% -8.3% The human-animal bond has been proven to improve the health and well-being of both pets and pet owners. Find out how the Human-Animal Bond Certification sets you apart with practical training that strengthens your practice. Get the certification pet owners will be looking for. Presented By: Founding Educational Partner: Title Sponsors: GET THE CERTIFICATION, GAIN THE ADVANTAGE.

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