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.

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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

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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.

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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:

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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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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.)

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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).

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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.

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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.

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Hitting The Ground Running: 5 Simple Ways to Create and Own Your Brand in 2021

It’s safe to say that 2020 was a year of learning and reactions for all of us. 2021 will no doubt be better based on what we’ve all experienced. But how can we be more intentional and take appropriate actions vs always being reactionary?

Please join us for a webinar, hosted by Jeff Pickett from Sikka, as dental industry brand experts Danny Laneri from Swell and Dr. Chad Duplantis discuss 5 simple tactics to create, and ultimately own, your Brand for 2021 and beyond.

Watch the webinar here.

Danny Laneri:

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Delight Your Customers and Save Money – How Two Practices Are Winning with SikkaPay

Please join our webinar hosted by Rory Byrne, GM of Fintech at Sikka, in conversation with Roy Reynolds, Business Manager of Nova Family Dentistry of Tyrone, and Edward Hartzog, GM of Denmark Dentistry. Our guest speakers will share their experiences of SikkaPay and how it has helped them to delight their customers, grow revenues, and save money during these challenging times. Learn how text2pay and web2pay have increased collections by over 15% over the last 6 months. In addition, we will demo some of the new product features of SikkaPay with personalized strategies for helping your customers to migrate to mobile payment channels and pay you faster.

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