Unlike Many, sikka.ai Hasn’t Been Shocked by Inflation – Its “Dental Inflation Indicator” Predicted It

When inflation recently hit its highest year-over-year increase in more than 30 years, it showed what sikka.ai was already seeing in dental recall appointments.

Dentists see patients more often in a year than physicians, on average, and are a primary line of healthcare contact…leading to explosive improvements in both diagnostic and economic indicators.”— CEO and Founder Vijay Sikka

SAN JOSE, CA, USA, November 24, 2021 — The American Farm Bureau estimates that the prototypical Thanksgiving dinner costs 14% more this year than last, used cars continue to fly off lots, and dollar stores chains are being forced to revisit both their pricing strategies and even their names. Indeed, inflation is the word on everyone’s lips these days. Enter sikka.ai’s Dental Inflation Indicator™, as discussed recently on CNBC’s “The Exchange”.

Continue Reading →

sikka.ai Presents Insightful Newsletter #7: You Can Find Successful Practices Anywhere

If you haven’t had the chance to check out the rankings of states by average dental practice scores from our Sikka Success Report™, do it today – it’s fascinating. When we noticed that Vermont had long been holding down its lofty perch at or near the top of the rankings, we asked the question, “Is this just because it’s a ‘rich’ state?” For that matter, is the success of a state’s average practice tied to its per capita income? We’re happy to report that it’s not:

Show Me More Trends

The correlation is negligible, at 0.056 (i.e., any difference in per capita income only explains 5.6% of the change in Practice Success Score, and vice versa). And Vermont isn’t a particularly high-income state, anyway, as you can see. In effect, it “punches above its weight” in the success of its dentistries.

Continue Reading →

sikka.ai Presents Insightful Newsletter #6: Data Is Your Safeguard Against Inflation

Fee survey video

Insightful” Newsletter #6, October 2021

Between August 2020 and August 2021, the PCE price index tracking consumer spending, from the U.S. Bureau of Economic Analysis, rose 4.3% –the fastest pace of inflation since 1991.

See Fees for Your Zipcode

We’ve seen the same phenomenon in the dental world. The average fee for an adult prophy increased 3.1% between 2020 and 2021, which is higher than the change over the past two years (2018-2020) combined.

To stay up-to-date with the retail healthcare industry, subscribe to our monthly data-focused newsletter here: https://bit.ly/3uwLhiE

Continue Reading →

SikkaPay™, Premier Payments Platform for Dentistry, Launches New User Interface

SikkaPay™ integrates with all major practice management systems and versions, and it allows patients to pay from anywhere, anytime.

“One of the most efficient ways to take control of our finances to get paid faster. Collecting payments through text2pay and web2pay has been a game changer…improving our collections by 15%.”— Roy Reynolds, Office Manager at Nova Family Dentistry of Tyrone, GA

SAN JOSE, CA, USA, September 28, 2021 — SikkaPay™, the leader in dental payments processing since its inception two years ago, has gone and made a good thing even better, refreshing its user interface with a clean, up-to-the-minute look.

Continue Reading →

Team of Caltech Undergraduates Triumphs in sikka.ai’s Hotly-Contested AI Model Hackathon

Second place went to an individual entry from India, followed by another Caltech team. The quality of the data science work was surpassing across the board.

“It has been amazing to see such great minds’ collective brainpower applied to these healthcare business predictions. We hope to continue interacting with these leaders of artificial intelligence….”— Vijay Sikka, Founder and CEO of sikka.ai

SAN JOSE, CA, USA, July 27, 2021 — 29 registrants contested sikka.ai‘s AI Model Hackathon, the first of its kind in the retail healthcare realm, which ran for the week starting July 12. While the finish was extremely close, as one might expect based on that level of enthusiasm, the data was nonetheless conclusive – the winning team was indisputably this group of undergraduates from Caltech:

Continue Reading →

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.

Continue Reading →

Good Signs Abound: “Insightful” Newsletter #2, May 2021

Insightful” Newsletter #2, May 2021

For this month’s installment of Insightful, we’re taking a look at how dental production for the first four months of 2021 compares to the same period for 2019 – before we could even have imagined the pandemic.

From Sikka’s Industry Trends page, here’s production across the entire United States over the past three calendar years:

2021 is the green line, while 2019 is the yellow line. Look at just how closely they’re tracking over the past month and a half. The lines are almost on top of each other for the most recent week! (Obviously, 2020 was far different.)

Continue Reading →

Introducing Sikka Insights’ Data Newsletter, “Insightful”

Insightful” Newsletter #1, April 2021

On the first Wednesday of each month, we’ll send you this short newsletter highlighting just a bit of what can be found on our Industry Trends platform.

COVID Trends

While the U.S. remains locked in a race between vaccinations and variants, the difference between today and one year ago today is stark. In the dental industry, there is no clearer numeric accounting of this than in the year-over-year change, just updated yesterday, in various categories of procedures performed. This is because last year’s comparison week was the start of the Covid shutdown, and practices have largely recovered, as the two charts in this email show (click them to see larger versions).

Continue Reading →

Optimize “The Great Return” to Normalcy with Practice OptimizerTM

Goals

The past year has brought challenges that would have seemed unimaginable just 12 months ago. While we in the retail healthcare space have risen to meet these challenges, we certainly look forward to happier and healthier times ahead. As we mark a year since the start of the pandemic in the United States and quickly ramp up vaccinations on our way to what you might call “The Great Return” to normalcy, now is the ideal time to reevaluate what you need to do to ensure you maximize effectiveness during this pivotal time in history. A big piece of your planning should revolve around your practice’s financial goals.

Continue Reading →

Optimize the Future with Sikka’s Practice Optimizer

Having the industry-leading optimization dashboard wasn’t enough for us – we went and made it better. When our customers asked for reporting in time increments shorter than monthly, we not only added weekly reporting, we went down to daily. This kind of granularity and visibility into the details of your practice’s rhythms allows you to make changes on the fly, not weeks or months later. This, in turn, directly leads to an increase in profits, savings on unnecessary costs and the overall ability to achieve all your objectives, from financial considerations to patient satisfaction.

Continue Reading →