Cost of Vet Care
We asked veterinarians what challenges they are having MORE trouble with over the past 12 months. There was some nuance in the response between private and corporate practices:
Corporate Practices
Private Practices
Corporate Practices
- Finding staff
- Staff burnout
- Pet owner financial constraints
Private Practices
- Finding staff
- Pet owner financial constraints
- High appointment demand
VetMedux • VetMedux™, powered by Instinct
According to Weave’s study, 28% of providers are already seeing an increase in patients using a payment plan
Weave • The 2023 Veterinary Business Insights Report
Despite 63% of pet parents wanting to know about payment options early, few specialty clinics share this information before the client arrives
Synchrony Financial • New Synchrony Research Finds Pet Parents Are Equally as Concerned About the Cost of Specialty Veterinary Care as their Pet's Potential Outcome
"Nearly 50% of today's pet parents underestimate the cost of pet care1, and unexpected emergency care plays a big role in this miscalculation,"
Synchrony Financial • New Synchrony Research Finds Pet Parents Are Equally as Concerned About the Cost of Specialty Veterinary Care as their Pet's Potential Outcome
- 72% of pet parents are very/extremely concerned about the financial implications of the cost of their pet's specialty care as they are the potential outcome.
- Half would be stressed by a specialty care bill of up to $1,000, with 81% being stressed if the bill increased towards $2,500.
- Only 25% of specialists believe pet parents have realistic expectat
Synchrony Financial • New Synchrony Research Finds Pet Parents Are Equally as Concerned About the Cost of Specialty Veterinary Care as their Pet's Potential Outcome
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