#United States #Portland #Covetrus #Veterinary #VetSuite

Transforming Animal Healthcare: The Covetrus Platform

As the veterinary field faces increasing challenges from rising costs and changing expectations, Covetrus has stepped up with the launch of its Covetrus Platform™ ahead of the VMX 2025 Conference. This groundbreaking platform provides a comprehensive suite of solutions designed specifically for modern veterinary practices.

The Need for Innovation in Veterinary Practices

Veterinary clinics are currently grappling with various challenges. The competition from retail providers is escalating, operational costs are climbing, and pet owners are more discerning than ever. To address these issues, veterinary practices are seeking efficient ways to enhance productivity and focus more on pet care. Covetrus stands out by offering a fully integrated technological solution integrated with the VetSuite network, addressing these key needs directly.

Insights from Covetrus Leadership

Ben Wolin, President and CEO of Covetrus, emphasizes the company's veterinarian-centric approach. He states, "As market dynamics shift, managing a veterinary practice is becoming increasingly complex. Covetrus, as the first tech-enabled practice improvement company, is committed to providing innovative solutions that alleviate the competitive pressures faced by veterinarians today. Our platform enables them to enhance their clinical results and financial performance so they can dedicate more time to pet care."

Key Features of the Covetrus Platform

The Covetrus Platform enhances interactions between veterinarians and pet owners throughout the entire care process—from pre-visit preparations to post-appointment follow-ups. Key benefits include:

• - Improved Productivity: The Covetrus Pulse™, a cloud-based system, streamlines workflows and integrates key operations, including prescriptions and payments. It incorporates advanced AI capabilities and is compatible with Zoetis Diagnostics.
• - Higher Profit Margins: By providing access to over 22,000 competitively priced products, practices can save significantly on medications and supplies. For instance, clinics using Covetrus can save as much as $14,000 annually.
• - Enhanced Competitiveness: Covetrus allows practices to increase revenue through online prescriptions and home delivery options, positioning them to effectively compete against retail channels. With 70% of pet owners purchasing supplies online, the introduction of ProScripts facilitates quick access for clients to order medications directly.
• - Increased Client Loyalty: The platform’s client engagement tools—automated reminders and personalized service options—foster strong relationships between clinics and their clients.

Dr. Georgianne Arndt Ludwig from Lombard Veterinary Hospital notes the importance of having a cloud-based solution to manage patient cases effectively while ensuring exceptional patient care.

The Collaborative Strength of VetSuite

In addition to the Covetrus Platform, VetSuite represents the largest practice improvement network for independent veterinary practices. Members benefit from integrated software and supplier networks that yield greater convenience and competitive pricing. Currently, VetSuite participants are witnessing:

• - Productivity Savings: An impressive 50 hours saved per month per practice.
• - Online Growth: A 30% increase in online storefronts compared to non-members of the VetSuite.
• - Profit Increases: Profit margins growing by 25%.
• - Substantial Rebates: Over $8 million in rebates distributed to VetSuite members.

Vicki Karfias, Practice Manager at Heal Veterinary Clinic, underscores the significance of VetSuite membership in empowering veterinarians to provide high-quality care while maintaining profitability.

Conclusion

As competition and costs rise in the veterinary industry, the Covetrus Platform allied with the VetSuite network offers solutions that not only improve practices' financial outcomes but also enrich the overall care experience for patients. With a commitment to helping veterinarians thrive, Covetrus continues to redefine the landscape of animal healthcare. For more information, please visit Covetrus.com.

About Covetrus

Covetrus operates with a global focus on enhancing veterinary practices through innovative technology. With a mission to boost financial and clinical results for veterinarians, the company offers an all-encompassing suite of tools that streamline every aspect of a veterinary practice. Covetrus is headquartered in Portland, Maine, employing over 5,000 individuals worldwide, serving more than 100,000 clients globally, and is owned by Clayton, Dubilier & Rice (CDR) and TPG.