Sikka Software has launched Sikka Insights, a new analytics service that encompasses the retail healthcare ecosystem of practices, manufacturers, distributors, financial institutions and service providers.
Sikka Insights empowers informed decisions through data insights on scheduling, production, treatment plans, procedures and other key performance indicators (KPIs). With Sikka Insights, it is easy to draw connections between practice activity, shifting demand and constantly changing market conditions. In this new environment, companies in the business of healthcare need to make mission-critical decisions at an unprecedented pace. Making the right decision, with the right data, results in increased revenue, efficiency and value that they can pass on to their customers.
“Wells Fargo Practice Finance has a key focus on helping independently owned healthcare practices grow and manage their businesses,” said Gavin Shea, SVP and National Director, Healthcare at Wells Fargo. “Partnering with Sikka is enabling the practices we support to gain a better understanding of their key performance indicators, and providing Wells Fargo with the industry and market insight that contributes to practice ownership success for our customers.”
An insightful example of the value and timeliness of this data is available on the SIKKA Covid-19 Rebound website. Various retail healthcare segments are displayed in a variety of heat maps, quantifying the impact that the COVID-19 pandemic has had on U.S. practice production and patient visits, and how practices across the 50 states are starting to rebound.
“We are excited to announce the availability of Sikka Insights. This innovative solution brings unprecedented historical data and analytics capabilities to the retail healthcare industry, across dental, orthodontics, chiropractic, optometry and veterinary practices,” commented Vijay Sikka, Founder and CEO of Sikka Software. “We have up to 15 years of data available and over 34,000 practice installations, which means we are able to deliver the industry’s richest data experience. Our manufacturing, DSO/group practice, consulting, analyst and insurance partners – including McKinsey, Wells Fargo and PatientPop – all stand to benefit from these timely insights to guide complex decisions as they navigate today’s challenging business environment.”