May 20th, 2020

Categories
News Numbers

Daily Industry Data Update 5/19/20

15.7%

Revenue

2.5%

Transactions

 12.9%

ATC

16.0%

New clients

Summary: Tuesday results were strong with all major KPIs up over the prior period. Month to date is up in all KPIs except transactions at this point.

iVET360 data source: 793 hospitals across all 50 states. Avg hospital size $2 million. Daily stats are compared to the same weekday last year (ie. Thursday to Thursday comparison). Month to date stats is based on calendar month over last year.

May 19th, 2020

Categories
News Numbers

Daily Industry Data Update 5/18/20

3.8%

Revenue

7.4%

Transactions

 12.1%

ATC

10.3%

New clients

Summary: Monday results were decent with positive revenue growth on negative transactional growth. Month to date is off 3.7% in revenue with transactions lagging.

iVET360 data source: 793 hospitals across all 50 states. Avg hospital size $2 million. Daily stats are compared to the same weekday last year (ie. Thursday to Thursday comparison). Month to date stats is based on calendar month over last year.

May 18th, 2020

Categories
CARESAct News

PPP Loan Forgiveness Guidance Released By SBA

The long-awaited loan forgiveness details around the Paycheck Protection Program are finally available from the SBA. Definitions and application can be found HERE.

Be sure to review this carefully with your accountant and/or lender before submitting to insure everything is captured correctly.

Other useful links about loan forgiveness

May 18th, 2020

Categories
News Numbers

Weekend Industry Data Update 5/16-17/20

23.9%

Revenue

32.8%

Transactions

13.2%

ATC

30.2%

New clients

Summary: Weekend data was very sluggish with transactions off 32.8% and new clients down nearly as much. Month to date stats are back down over the prior year with the poor performance of weekend stats.

iVET360 data source: 791 hospitals across all 50 states. Ave hospital size $2 million. Daily stats are compared to the same weekday last year (ie. Tuesday to Tuesday comparison). Month to date stats is based on calendar month over last year.

May 16th, 2020

Categories
News Numbers

Daily Industry Data Update 5/15/20

0.3%

Revenue

7.4%

Transactions

 8.3%

ATC

2.4%

New clients

Summary: Friday was weaker than the rest of the week, posting near even in revenue with transactions and new clients down.

iVET360 data source: 793 hospitals across all 50 states. Avg hospital size $2 million. Daily stats are compared to the same weekday last year (ie. Thursday to Thursday comparison). Month to date stats is based on calendar month over last year.

May 15th, 2020

Categories
News Numbers

Daily Industry Data Update 5/14/20

14.5%

Revenue

1.9%

Transactions

 12.4%

ATC

11.0%

New clients

Summary: Thursday was a strong day with growth across major KPIs, some of the strongest transactional growth seen since the start of the crisis. Month to date is up .5% with transactions still reporting down over the prior year.

iVET360 data source: 793 hospitals across all 50 states. Avg hospital size $2 million. Daily stats are compared to the same weekday last year (ie. Thursday to Thursday comparison). Month to date stats is based on calendar month over last year.

May 14th, 2020

Categories
News Webinar

Marketing In The Post-COVID Age Of Consumerism

As an industry-leading marketing provider, iVET360 has had the unique opportunity to observe veterinary hospitals of all specialties and sizes across the nation as they respond to COVID-19. The truth is that we’re all in uncharted territory right now; We’re not only navigating a pandemic but also trying to stay afloat after a near-shutdown of our economy. While some practices halt all marketing efforts and even shutter temporarily, others have turned to innovative solutions during these trying times. With our support, practices that embrace a proactive marketing approach have been able to mitigate losses in revenue and drops in new client growth. Over the last month, we have identified a set of tools and operational best practices that position hospitals for success. We also recognize that this crisis has created a shift in consumer behavior that will likely be forever changed, and our industry must adapt in order to succeed.

In this webinar, we will not only discuss these tools but also highlight key characteristics that will be critical for practices to adopt in the wake of this national crisis. Discussion topics will include:

  • Crisis Response: Tools and practices your hospital should already be leveraging
  • Positioning for Success: Safety, Flexibility, Accessibility, Innovation, Community

Download Slides >

Tips For Designating Your Social Media Manager >

Marketing Tool Checklist >

May 14th, 2020

Categories
News Numbers

Daily Industry Data Update 5/13/20

11.9%

Revenue

3.6%

Transactions

16.0%

ATC

12.0%

New clients

Summary: Wednesday was a strong day with 11.9% revenue growth and transactions near even over the comparable day and ATC up very big at 16%. Month to date is even revenue with transactions off 12%.

iVET360 data source: 793 hospitals across all 50 states. Avg hospital size $2 million. Daily stats are compared to the same weekday last year (ie. Thursday to Thursday comparison). Month to date stats is based on calendar month over last year.

May 13th, 2020

Categories
News Numbers

Daily Industry Data Update 5/12/20

9.2%

Revenue

0.4%

Transactions

9.6%

ATC

13.6%

New clients

Summary: Tuesday was a strong day with 9.2% revenue growth and transactions near even over the comparable day. Month to date is near even revenue with transactions off 11%.

iVET360 data source: 793 hospitals across all 50 states. Avg hospital size $2 million. Daily stats are compared to the same weekday last year (ie. Thursday to Thursday comparison). Month to date stats is based on calendar month over last year.

May 12th, 2020

Categories
News Numbers

Daily Industry Data Update 5/11/20

5.7%

Revenue

5.4%

Transactions

11.8%

ATC

9.9%

New clients

Summary: Monday saw revenue up at 5.7% with Transactions down and New Clients and ATC up. Month to date is off 8.2% driven by low transactional growth.

iVET360 data source: 793 hospitals across all 50 states. Avg hospital size $2 million. Daily stats are compared to the same weekday last year (ie. Thursday to Thursday comparison). Month to date stats is based on calendar month over last year.