Sikka Software is the leading provider of award winning API platform and marketplace of applications to the dental industry, and over the last several weeks we have been tracking over 10,000 opt-in dental practices to measure the impact of the Coronavirus pandemic on the industry. We have been focusing on production, visits and functional areas such as orthodontics, oral surgery, preventative and restorative procedures, endodontics and periodontics procedures, implants and prosthodontics procedures and more.
Welcome back to the Sikka Software Podcast! Here at Sikka we are passionate about bringing you tools and solutions that benefit your patients and your practice.
Chairman and CEO, Vijay Sikka, joins Coruzant Technologies for the Digital Executive podcast. He shares how using predictive models can help forecast the economic recovery after the COVID-19 fallout.
This Podcast was originally published June 15, 2020. View the original Podcast here.
The week of March 8 seems like a lifetime ago. That week was, more or less, the last one in the U.S. where things still felt “normal.” It was certainly a completely different business environment, with dental and other retail healthcare practices – including veterinary, optometry and chiropractic – no different from restaurants, retail outlets and other small businesses in feeling the steep revenue drop-off since then.
Among the healthcare industry, dental practices have felt an acute revenue hit since they were not initially considered an essential service. Because of this designation and the shelter in place orders keeping people away, the day-to-day services of check-ups, cleanings, cavity fillings and everything else not considered an imminent health risk came to a virtual standstill until only just recently. With revenue grinding to a halt, most dental practices had to furlough their employees or lay them off.
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!
You can read the full article here.
You can read more about The Self Driving Practice and Vijay Sikka’s vision of the future on DrBicuspid.