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”.

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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.

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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

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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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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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Sikka Launches SikkaPay 3.0, Simplifying Patient Payments in the Era of Social Distancing

SikkaPay delivers innovations for social distancing while paying at the practice, QR codes for convenience, and a mobile application for patient engagement

“SikkaPay has been one of the most efficient ways to take control of our finances…enabling our patients to pay quickly and improving our collections by 15%.”— Roy Reynolds, Business Manager of Nova Family Dentistry

SANTA CLARA, CA, USA, October 29, 2020 — Sikka Software, a market leader in advancing retail healthcare connectivity, applications and insights, today announced the launch of SikkaPay 3.0. Available now for a wide range of healthcare practices, including dental and veterinary, this new payment solution builds upon the success of the current offering with the easiest-to-use payment options for patients and pet owners to pay at the practice or on the go.

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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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4 Ways to Increase your Practice Revenue

Please join our webinar “4 Ways to Increase your Practice Revenue” hosted by Rory Byrne, General Manager of Fintech at Sikka, in conversation with Vincent Cardillo, President & CEO of Maeva Dental Advisors, and Harold Gornbein, Partner of Apex Reimbursement.

Watch the webinar.

We will uncover 4 areas of revenue optimization within your practice you may be overlooking.

Vincent Cardillo is the founder and leader of Maeva Advisors, formerly Dental Management Innovations, LLC, a provider of outsourced C-Suite services to dental groups and aspiring groups, and to investment professionals looking to make an investment in a Dental Service Organization. Vincent is a proven industry leader with over 17 years of experience in leadership/partner roles in three dental practice management companies.

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