sikka.ai Presents Insightful Newsletter #4: New, Free State Rankings

Insightful” Newsletter #4, July 2021

In honor of the United States’ Independence Day, we have added rankings for all 50 states based on average scores from our proprietary Sikka Success Report™ to the Industry Trends page of our website. What’s more, we have them for both the dental and animal health industries!

Show Me the Rankings

While Vermont leads the way in the dental realm…

…Delaware is top dog in animal health (very punny, we know):

In fact, with Delaware ranking 3rd in dentistry, too, it’s clearly the most successful state across the two leading retail healthcare verticals over the past month.

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Animal Health Workers Need a Break! and Other Data Insights from Sikka

Insightful” Newsletter #3, June 2021

Will veterinarians get a summer break this year? Owing to the explosive growth in pet ownership starting during the initial lockdowns over a year ago, many practices have been feeling the pressure of significantly increased visits and production. This is readily apparent in this chart from our Industry Trends portal, which contains averages of practices across all 50 U.S. states.

With AAA estimating 37 million Americans traveling for Memorial Day weekend, veterinary visits may decline for the next two weeks. This could be a blessing in disguise, providing a much needed break for overworked veterinarians and their team members, who have been pushing to keep up with pet patient demand. We will continue to monitor the “summer shift” and report back after the July 4th holiday weekend. 

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Going to the Dogs? Sikka Says Pet Parents Invest Heavily in Health of Their Pets

Despite COVID-19, U.S. Spending on Animals – Especially for Dental Procedures – Races Forward

Santa Clara, August 18, 2020: Sikka Software, a market leader in advancing retail healthcare connectivity, applications and insights, today announced the results of a months-long study into the veterinary industry about animal health during the COVID-19 crisis. Despite the devastating economic impact created by the pandemic across industries in the U.S., pet parents are investing in the health of their pets at a record pace.

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Guidance for Veterinary Practices through the COVID-19 Environment

Please join us for our Part II of our series of webinars on the COVID-19 impact of the veterinary industry, hosted by Rory Byrne, General Manager of Fintech at Sikka, in conversation with Dr. Matthew Salois, Director of the AVMA’s Veterinary Economics Division.

Watch the webinar.

We will present the latest data on veterinary practices production and procedures as the crisis continues and help guide veterinary practices through these challenging times.

Dr. Salois comes from the AVMA from Elanco Animal Health, where he served as director of global scientific affairs and policy since 2016, and as an economic research and policy adviser from 2014-16. Prior to joining Elanco, he worked as the chief economist for the Florida Department of Citrus and as an assistant professor in economics at the University of Reading in the United Kingdom.

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COVID-19 Impact on the Veterinary Industry

Join us for an insight-packed webinar, hosted by Christina Lopes, CEO and co-founder of The One Health Company, expert in precision medicine for dogs with cancer, in conversation with Benjamin Lewis, CSO of The One Health Company, expert in veterinary medicine. Also joining will be Rory Byrne, General Manager of Fintech at Sikka, as they shed light on the economic impact on U.S. veterinary practices. We will be providing an in-depth analysis of Sikka’s interactive U.S. heat map and discuss ways that practices can stay productive during this downtime and prepare when the shelter in place orders are lifted.

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Why We Won the Best in Healthcare APIs at API World

Wow! Our API was again judged the best in Healthcare by the folks at API World. For the second time in the last 3 years. And, our company also made it into the top 300 innovators – across all categories. It did take a moment for that to sink in. The first time, perhaps a lucky strike. But that’s twice now. There’s no lobbying for those awards, and they had fancy criteria to go by when judging the winner. Clearly, we did well on them.

To us, however, it comes down to just one thing. We let you – our API partners – scale. We understand what you mean when you say, I want to serve all dentists, veterinarians, optometrists, audiologists, oral and orthodontists and maxillofacial surgeons and I don’t want to be limited by the software they use to manage their hospital/practice and record the patient’s medical records. Without us, you would need to connect individually to the different software platforms used by each of the retail healthcare providers. It would be like learning 12 languages that are continuously changing. Actually, about 500 languages. You’d have to speak the language of each individual practice management software in the market. We cut it down to one. That’s what the One in Sikka One API is for. Your code for One API and you open yourself to a vast expanse of the market.

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Webinar: Fees, Profitability and Optimizing Your Practice

Update your fees every six months to keep aligned with the cost of living, labs, salaries, procedure mixes, and geographical trends.

Join Vijay Sikka, CEO of Sikka Software, for a free webinar on Fees, Profitability and Optimizing your Practice (the best 45 minutes of your time to enhance practice profitability).

Watch the webinar recording here.

Or get started with a fee survey for dentists or vets. Surveys include data for up to three zip codes and will help you keep up-to-date with lab costs, salaries, what other professionals are charging and more!

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Animal Hospital Charges per Invoice and Per Provider

Helping provide outstanding healthcare to animals requires active cash flow through an animal hospital to support purchasing inventory, staffing and salaries. Part of understanding cash flow is discovering trends in revenue generation, including when it is being generated, how much, and by who. This data allows for financial growth planning as well as estimating potential costs.

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    Animal Health KPI

    Sikka Software works with thousands of practices across United States, Canada, UK, Australia and New Zealand. We have been working with opt-in data without identifiers and only rollups and summaries for over a dozen years. As of this writing Sikka Software has 17,600 practices, over 19.1m active patients and processes approximately $4.5B worth of transactions a year. We keep track of the animal health key performance indicators and track them in real time across all of our opt-in practices. Interesting trends are emerging for the national trends data for animal health. While new patients dropped in February 2016 compared to both the previous month and previous year same month, the number of new clients actually saw a 2% growth.

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