Six Quick Measures of a Hearing Practice’s Financial Health

Audiologists often join the profession to directly improve a patient’s quality of life through access to sound, language and, most importantly, social interaction. What audiology students might not know is that professionals often find themselves in private practice running a business. After four years of professional training, an audiologist may not know how to assess their practice’s financial health. Time spent performing administrative tasks may eclipse time spent helping patients in clinic.
At Sikka Software, we have found a simple and quick solution to understanding a practice’s data. Every day,hearing practices around the United States are entering data into their practice management systems. Sikka collaborates with the preexisting practice management system, taking the data and assessing trends in hearing practice management. Data collection is compliant with all privacy laws and is free of identifying information for both the practice and the patient. After individual practice data is collected, we compare it with national data to find solutions for common pain points.

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