“SEE FAR” Principles

See far into the numbers to manage patients and maximize profitability – By Vijay Sikka

WHAT ARE “SEE FAR” PRINCIPLES?

The two major influencers on survival in today’s retail healthcare environment are:

  • 1) How to manage to attract and retain patients
  • 2) How to refine processes to maximize profitability

With over 28,000 dental practice installations and over 7,000 more across animal health, optometry, chiropractic and others, Sikka has been studying how to achieve proficiency in both of the above-mentioned influencers for many years. We have summarized our insights into six points that we refer to as “SEE FAR” principles:

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5 Surprising Numbers from 2017

For the first time, Sikka Software will be releasing its latest data on dental practices around the country for the year 2017.

What was the average gross production for the dentist and hygienist? What were the average number of new patients per practice? How about the average AR carried before and after 90 days? These questions and more will be answered and dissected.

Join Kevin Henry and Dayna Johnson on July 17 as we unveil this critical information!

Watch the webinar here.

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Four Things You Need to Know about Practice Optimizer Orthodontics

Did you know that Sikka tracks key performance indicators (KPIs) for specialties within the dental industry? You can find many of these KPIs in the standard version of Practice Optimizer Premium, but Sikka has a special version of Practice Optimizer just for orthodontics. With Practice Optimizer Orthodontics, you can track important information about your business and, more importantly, how effectively orthodontic care is delivered throughout your practice.

Here are some ways that Practice Optimizer Orthodontics is customized:

  1. Track the KPIs most important to your orthodontics practice. KPIs include the number of Phase I and Phase II contracts, consultations, emergency appointments, patients with Invisalign and more. Ensure your patients are receiving the best care by tracking conversion rates from consultations to contracts. With these KPIs, you can see trends develop in your practice and compare performance of providers over time.

 

  • Get ready for your day with the Morning Meeting Report. Some of our most successful customers gather their team each morning for a quick check-in. With the Morning Meeting Report, you can see how your practice is performing month-to-date and see what is upcoming for that day in your clinic.
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    Are you Letting Go Over $50,000 By Not Optimizing Your Fees?

    I know you want to spend time with your patients and less time doing paperwork in your back office. Unfortunately, keeping your practice healthy can take work. The good news is that when your practice is healthy, your day runs smoother and you can provide the highest level of care for your patients. A key part of keeping your practice in good working order is updating your fees regularly.  Regular adjustments keep your fees competitive while not creating price shock for your patients.

    Some of you may be thinking that you can use fee surveys or data trends to set your fees. While they definitely provide reasonable guidelines you still need to guess exactly what your fees should be. That is why Sikka Software developed Fee Optimizer.

    Uniquely tailored to how and where you practice, Fee Optimizer is the most comprehensive and relevant fee schedule with reference data down to five-digit zip codes. Thousands of dentists have used Fee Optimizer for over 10 years, and we have never seen a less than a $50,000 increase in a year.

    You may be wondering if Fee Optimizer can help you if you are a PPO or HMO practice. The answer is yes! Fee Optimizer helps set your UCR fee schedule for cash patients and overall fee schedules.

    So how does Fee Optimizer work? It analyzes your unique practice data points including:

    • Frequency
    • Revenue
    • Time Units
    • Procedure Codes
    • Adjusted Production
    • Lab Costs

    And compares these to similar practices in your zip code. This creates a comprehensive and relevant fee schedule, aligning your fees to how you practice. That’s all you need to do to grow your revenue! Simple and precise.

    Fee Optimizer is so popular it is now available on Amazon.com and for a limited time we are offering 50% off.

    In addition to the discounted Fee Optimizer, we are also including the innovative Practice Assistant, our new Amazon Alexa Integration. With Practice Assistant you can ask any Amazon Echo device about your practice including your schedule, key performance indicators and estimated production for the month. You will be amazed at how simple it is!

    Sikka Software has always been on the cutting edge of automating your practice and we are now beta testing Predictive Automated Inventory Ordering on the Practice Assistant. If you are interested in joining an exclusive group of pioneering practices you can email us at SikkaInventoryBeta@sikkasoftware.com.

    For a limited time, you can get Fee Optimizer and Practice Assistant and save $500! Only on Amazon.com!

     

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