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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sikka.ai Presents Insightful Newsletter #5: Growth Spikes After Holiday Break

Insightful” Newsletter #5, August 2021

In the last Veterinary Insights, we were tracking Memorial Day Holiday travel and wondering if Veterinary practices were going to get a summer break. The 4th of July Holiday certainly did not slow down travel, with 47.7 million Americans traveling over the holiday. Similarly, we saw a decline in the number of patient visits and production – which was immediately followed by a sharp spike in production. The week of July 18th saw the 2nd highest production week in 2021.

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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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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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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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