In order to predict bioeffects in contrast-enhanced diagnostic and therapeutic ultrasound procedures, the dynamics of cavitation microbubbles in viscoelastic media must be determined. For this theoretical study, measured 1.5 to 7.5 MHz pulse pressure waveforms, which were used in experimental determinations of capillary breaching thresholds for contrast-enhanced diagnostic ultrasound in a rat kidney, were used to calculate cavitation nucleated from contrast agent microbubbles. A numerical model for cavitation in tissue was developed based on the Keller-Miksis equation (a compressible extension of the Rayleigh-Plesset equation for spherical bubble dynamics), with a Kelvin-Voigt constitutive relation. From this model, the bubble dynamics corresponding to the experimentally obtained capillary breaching thresholds were determined. Values of the maximum radius and temperature corresponding to previously determined bioeffect thresholds were computed for a range of ultrasound pulses and bubble sizes for comparison to inertial cavitation threshold criteria. The results were dependent on frequency, the gas contents, and the tissue elastic properties. The bioeffects thresholds were above previously determined inertial cavitation thresholds, even for the tissue models, suggesting the possibility of a more complex dosimetry for capillary injury in tissue.