Vet2Pet, Gravity Payments Partner to Allow Contactless Payment of Veterinary Invoices
Veterinarians can now collect payments virtually through their hospital app, keeping pet owners and veterinary teams safe
Share this article:
DURANGO, COLORADO, July 10, 2020 — Vet2Pet, the only customizable, all-in-one client engagement platform for veterinary practices, and Gravity Payments, the most trusted name in credit card processing, have partnered to bring virtual payments to veterinary hospitals in the U.S.
With veterinary hospitals seeking ways to provide the essential services pet owners need while maintaining safe social distancing practices and adhering to local regulations, many have been forced to ask for credit card numbers over the phone, send payment links, or risk the safety of their teams and clients by exchanging cash.
The partnership between Vet2Pet and Gravity Payments means that veterinary hospitals can now accept payment through their hospital app. This helps to keep clients and teams safe, allows practices to collect telemedicine fees in the same app they use for appointments, gives pet owners the ability to prepay for medication refills, helps clients feel more secure submitting payments through their hospital’s branded app, and saves practices money by decreasing what they pay in merchant fees.
“When COVID-19 hit us out of the blue, we knew that our customers were going to need technology solutions to continue taking care of clients and patients while minimizing staff interactions,” said Stacee Santi, DVM, Vet2Pet founder and CEO. “We evaluated ways we could help and began working night and day on two-way chat, video sharing, and virtual payment through the practice’s app. This solution will help veterinary teams more easily and safely do their jobs, and it will empower practices to compete with the likes of Amazon and Chewy.”
The Vet2Pet client engagement platform gives pet owners the ability to schedule appointments, communicate with the veterinary team through two-way chat, send and receive photos and asynchronous videos, receive reminders and notifications, request medication refills, review the practice, and earn rewards through the practice’s loyalty program—all through a customizable app branded to the hospital. And now, virtual payments can be collected through the same app, providing convenience and safety for both the pet owner and the veterinary team.
“Veterinarians provide an invaluable service to our communities by treating our beloved pets and animals,” said Dan Price, Gravity Payments’ CEO. “For years, Gravity’s dedicated Vet Team has prided itself on getting to know the unique needs of this industry, so we can better serve veterinarians and they can better serve their patients. We are thrilled to be partnering with Vet2Pet to allow veterinary teams a contactless payment option, so they can continue to offer care while keeping their clients and employees safe during this difficult time.”
For more information about Vet2Pet’s new Virtual Payment feature, visit vet2pet.com.
About Gravity Payments
For the past 16 years, Gravity Payments has been one of the most trusted names in credit card processing. During that time, the Gravity Vet Team has been working directly with the veterinary community to understand each veterinary clinic’s unique needs. Whether accepting payments in the clinic or out on the farm, our mission is to help independent business owners thrive by offering transparent and fair pricing, exceptional customer service, and a consultative approach that helps them compete. For more information, visit gravitypayments.com.
Vet2Pet Releases Largest Veterinary Loyalty Program Performance Study to Date
201 Practices Generated $100,011 Additional Annual Revenue on Average
Share this article:
Durango, CO, November 19, 2019—Vet2Pet has just released the findings of its 2019 Loyalty Program performance study, the most significant analysis ever conducted on the effects of a loyalty program in the veterinary industry.
Vet2Pet builds branded mobile apps that help veterinary practices connect with their clients and bond them to the practice, increasing practice revenue and retention. Their customer engagement platform has a loyalty program built right in, which veterinary practices can customize, but Vet2Pet recommends a specific program based on their experience with what performs best. The loyalty study was conducted comparing the performance of the recommended program (1 stamp for every $100 spent/invoice and 16 stamps = $100 credit towards future visit) for loyalty program members 12-months-post-enrollment vs 12-months-pre-enrollment. The data from 201 practices with 548,516 users was collected between April 2015 to August 2018. The analysis was conducted by VetSuccess, a firm specializing in the delivery of data-driven practice management solutions.
Key findings were:
- Rewarded clients visit 5 more times annually.
- Rewarded clients increase their spending by 26.6% or $729 more annually.
- The average annual revenue increase was $100,011, representing a 6.4 percent increase to total practice revenue. (Average revenue per participating practice was $1.562M).
Vet2Pet founder, Dr. Stacee Santi, said “the study statistically proves that with a loyalty program, a veterinary practice’s best clients have the ability to perform better and significantly boost overall practice revenue, by more than $100,000 on average. The loyalty program also drives a substantial increase in visits for top-performing clients. What’s even more exciting is that we are seeing strong indicators that the program has exponential impact on revenue in the second and third years.”
Crescenta Cañada Pet Hospital in La Crescenta, CA was one of the early adopters of the app and the loyalty program. Practice manager Jessica Speas CVPM said “nearly 90% of our app users are engaged with our loyalty program and in three years our practice revenue has grown by 64% per year on average. We couldn’t be happier! It changed the conversation with clients at the checkout desk. Instead of the client focusing on the $500 invoice, it was easy to redirect their attention to their loyalty program and all the stamps they were receiving.”
For the full report on the study visit https://vet2pet.com/annual-loyalty-program-report/.
Vet2Pet is the only customizable, all-in-one client engagement platform available in veterinary medicine. Designed and developed by veterinarians, for veterinarians, Vet2Pet helps veterinary teams build stronger relationships with their clients, implement more efficient systems, improve patient care, and grow revenue with innovation. Vet2Pet is statistically proven to increase client loyalty and frequency of visits, annual client spending, and practice revenue. Learn more at vet2pet.com.