Welcome to The Vetalytix Report for the third quarter of 2018. In previous issues, we reported that the first two quarters proved to be challenging for many veterinarians nationwide as revealed by decreases in product consumption across numerous categories.
HABRI’s research highlights the human health benefits of pet ownership
Being a pet owner is good for your heart. It’s been proven by scientific study, according to the American Heart Association, which has issued a scientific statement that pet ownership improves heart health. According to the AHA, pet owners have significantly lower systolic blood pressure than non-pet owners.
Political action committee will tackle state legislation that could negatively impact animal health stakeholders
The changes came without warning. This spring, with no hearings, or chances for stakeholders to participate in the law-making process, the Kentucky Legislature pushed through a bill that included a 6 percent tax on companion animal services. That’s 6 percent added to the bill of every pet owner that sees a veterinarian, or buys a product from a veterinarian.
Veterinary practice data points from the second quarter of 2018
Welcome to the Vetalytix Report for the second quarter of 2018. In our last issue, we reported that the first quarter of 2018 proved to be challenging for many veterinarians around the country as revealed by decreases in product consumption across numerous categories. With record cold and snow taking a toll on business, many regions of the country were significantly more impacted than others.
More than 1 million pets are insured in North America, according to the National American Pet Health Insurance Association (NAPHIA). And while that may represent a fraction of U.S. pet owners, insurance providers believe the number will climb steadily. That’s because the growing power of the human/animal bond is leading owners to seek more – and more expensive – treatments and procedures for their pets, they say. Insurance might be the only way many can afford them.
No reduction of veterinarians is called for: AVMA
The market for veterinarians remains positive, and no reduction in the number of veterinarians is called for. Those are the conclusions of the American Veterinary Medical Association in its recently released“2015 AVMA Report on the Market for Veterinarians.” It is the fourth in a series of six annual reports in its “Economic Reports” series.
Vet-Advantage: sought responses to the May 2015 FTC report, “Competition in the Pet Medications Industry: Prescription Portability and Distribution Practices,” from three industry experts:
FTC voices support – but few details – for more competition
Veterinary products and equipment distributors, as well as their veterinarian customers, have much to ponder about the future of so-called “portable prescriptions, “that is, prescriptions issued by veterinarians to be filled by the pet owner somewhere other than the prescribing veterinarian’s office. That’s true for two reasons.
How much of a threat do mobile clinics present brick-and-mortar veterinary practices?
U.S. business history is full of stories of disruptive innovations. Look what the Model T did to horse-drawn carriages, airplanes to the passenger railroad, or big-box retailers to mom-and-pop general stores.
Recently, healthcare has seen its own share of disruptive innovations. Physicians, for example, are facing increasing pressure from drugstore-based convenience clinics staffed by nurse practitioners. The stand-alone dental practitioner nervously eyes the newest site of a national dental service organization. And independent optometrists need only look to the nearest Costco to see their competitive threat.