Michael Raphael shares why he believes animal hospitals are positioned for one of the busiest summers in years. According to his reference data, the main drivers to revenue returning are recapturing delayed well visits, vaccinations, oral health procedures and surgeries. He shares five reasons animal hospitals are well-positioned for the summer and ideas to get prepared:
- Backlogged well appointments
- Increases in adoptions and puppies
- Postponed non-essential procedures
- Hospitals remain confident about business rebound
- National revenue data already showing a full rebound from an April trough
Source: Independent Vets, May 13, 2020. Link.
Our estimates suggest that for a small-animal hospital with two full-time veterinarians, summer revenues could run 30 percent higher than previous summers as several months of backlogged well visits and non-essential procedures will be rescheduled over the next few months” – Michael Raphael
INSIGHTS: The tips on getting prepared are excellent guidance for the next normal or any seasonal period.