Five Trends Veterinary Practices Should Adopt

As digitization and automation accelerate, many veterinary practices are looking to future trends to stay competitive. Here are five trends that your practice can begin adopting now:

1. Moving to the Cloud
   Veterinary practices are increasingly shifting from paper-based or server-based management systems to cloud-based models. This transition offers accessibility from anywhere, allows for restricted access to sensitive information, and is scalable as your practice grows. Cloud-based software is typically easier to use, faster, and eliminates the need for costly hardware and server upgrades. It also integrates seamlessly with practice management tools like client-facing apps and telemedicine platforms.
2. Telemedicine Adoption
   The pandemic has spurred the use of telemedicine across industries, and veterinary practices are no exception. While veterinarians have long used telemedicine through emails, texts, and social media, more efficient systems are now being implemented for virtual appointments and payments. Telemedicine platforms offer two-way messaging, video chats, appointment scheduling, medication refill requests, and access to vaccination history, lightening the workload for your team.
3. AI Advancing Diagnostics
   Artificial intelligence (AI) is transforming veterinary diagnostics, streamlining processes like blood work and radiographs. AI provides faster turnaround times for specialist reports, delivering results in minutes instead of hours or days. As AI technology continues to evolve, it is expected to enhance other areas of veterinary practice as well.
4. Staff Evolution
   With digitization and automation, veterinary practices can better align staff with their skills and interests, increasing job satisfaction and promoting growth. For example, administrative staff can expand into office management or marketing, while veterinarians can focus on “doctor-only” duties, delegating tasks to other team members. This not only benefits staff but also boosts practice efficiency.
5. Growth of the Veterinary Medicine Market
   The pandemic had a significant impact on the South African veterinary medicine market, with a decrease in vet visits and supply chain challenges. However, the market is expected to reach $248.2 million by 2028, presenting growth opportunities for the industry. This will result in a wider variety of medications and allow pet owners to choose products that suit their budgets.

The Bottom Line
Veterinary practices, like other businesses, must anticipate future trends to avoid being left behind. Embracing these changes unlocks new opportunities.

To fund the digitization of your veterinary practice, contact Merchant Capital and access funds within 48 hours.

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