{"id":48322,"date":"2022-09-13T18:02:10","date_gmt":"2022-09-13T16:02:10","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/aaha-benchmarking-veterinary-metrics-that-make-sense\/"},"modified":"2022-09-13T18:02:10","modified_gmt":"2022-09-13T16:02:10","slug":"aaha-benchmarking-veterinary-metrics-that-make-sense","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/aaha-benchmarking-veterinary-metrics-that-make-sense\/","title":{"rendered":"AAHA Benchmarking: Veterinary Metrics That Make Sense"},"content":{"rendered":"
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\nAmerican Animal Hospital Association and Petabyte Technology unveil AAHA Benchmarking\n<\/p>\n

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LAKEWOOD, Colo.–(BUSINESS WIRE)–American Animal Hospital Association (AAHA) and Petabyte Technology (Petabyte) launch their highly anticipated AAHA Benchmarking platform, setting new standards for benchmarking analytics and data in the veterinary profession. AAHA Benchmarking features standardized data, live metrics, and easy-to-interpret analytics to guide veterinary teams towards better business and medical decisions.\n<\/p>\n

\nA collaboration that blends technology and industry insight<\/b>\n<\/p>\n

\nAAHA Benchmarking overcomes decades of archaic approaches that limited veterinary teams to outdated data, messy spreadsheets, and generalized analytics. AAHA Benchmarking provides practices a path to continuous improvement by using industry insights as a yardstick to understand practice performance.\n<\/p>\n

\n\u201cWe knew we had to do something different. Something more contemporary. Something live,\u201d says Garth Jordan, CEO of AAHA. \u201cWe needed to understand how to provide this data in a way where it made sense to the people who were participating. But also make it really accessible. Easy to get, easy to use, easy to apply.\u201d\n<\/p>\n

\nGuided by AAHA\u2019s passion for open standards and experience determining those standards for the veterinary profession, Petabyte developed AAHA Benchmarking by furthering their advanced algorithms that automatically standardize, aggregate, and classify all business and medical data for a wide range of PIMS, practices, and practice types.\n<\/p>\n

\nIntelligent technology gives veterinary teams unprecedented access to previously invisible data (going well beyond simple revenue and appointment-count reports) that can be drilled for deeper insights, including client and patient demographics, appointment type, procedure pricing, and more. The result is live insights that can be interpreted and put into action then and there.\n<\/p>\n

\nA support system for every kind of veterinary professional<\/b>\n<\/p>\n

\nSimple, useful, and pet-forward\u2014AAHA Benchmarking fits into a veterinary practice\u2019s ecosystem so every veterinary team, from the tech-savvy to the tech-challenged, can enhance the tools at their disposal.\n<\/p>\n

\nVeterinary teams have full control over their analytics experience with the ability to focus on general comparisons\u2014 \u201cWe\u2019re doing better than 30% of the industry!\u201d\u2014or to dig deeper\u2014 \u201cOnly 20% of sick patient visits return for a follow-up.\u201d\u2014 to really identify problem areas. Performance scores, visual reports, and custom filters help practices turn insights into action.\n<\/p>\n

\nStandout features<\/b>\n<\/p>\n

\nStandardized data
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AAHA Benchmarking gets to the root of the matter\u2014the data. Petabyte\u2019s proprietary Matcher normalizes data from a wide range of practices using a variety of PIMS.\n<\/p>\n

\nPIMS data is cleaned and standardized to match a catalog system used for every practice across the industry. Simple changes, like knowing \u2018Datsun\u2019 means \u2018Dachshund\u2019, or slightly more complex changes like interpreting patient visits and OTC transactions separately, help establish a single source of truth across the industry and, subsequently, produce cleaner analytics.\n<\/p>\n

\nLive metrics
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AAHA Benchmarking replaces printed documents and messy spreadsheets with live metrics that are refreshed daily so practices can make decisions that are current and effective for their team and their patients.\n<\/p>\n

\nThe SPOT Score
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Get a snapshot of the industry\u2019s performance and learn how to assess a practice\u2019s health by comparing its score to the overall industry average.\n<\/p>\n

\nThe SPOT Score is based on the sum of four weighted categories that directly impact overall performance as well as each other. These categories, known as SPOTlights, are divided into Sales revenue, Producer performance, Opportunities, and Trends in medicine.\n<\/p>\n

\nReports & custom filters
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Each SPOTlight dashboard has in-depth reports and a variety of filters to help customize and understand the what, why, and how around a practice\u2019s performance, particularly how different aspects affect each other.\n<\/p>\n

\nIf the Trends in medicine reports show the practice is doing well at capturing and recapturing more patients for sick pet visits but Sales revenue shows a large ACT fluctuation, practices can dive deeper into AAHA Benchmarking\u2019s exclusive Price study dashboard to determine if their prices are consistent with the industry and adjust accordingly.\n<\/p>\n

\nPrice study dashboard
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Practices can evaluate market elasticity by comparing their own prices to industry averages. Rather than just seeing vaccination revenue, they can search for specific procedures, like Feline Leukemia Vaccination, to see what the rest of the industry is charging for that item.\n<\/p>\n

\nMaking data better together<\/b>\n<\/p>\n

\nTeamwork done securely
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Any data that passes through AAHA Benchmarking is anonymized, processed with algorithms to prevent reversibility, encrypted at every step of its journey, and stored with high levels of security and encryption.\n<\/p>\n

\nPetabyte built AAHA Benchmarking to protect veterinary practices while giving them the information they need to run better. AAHA\u2019s leadership provides third-party neutral assurance to participating practices that their data is safe, secure, and, ultimately, owned at the practice level. So, veterinary practices can feel confident sharing their progress with peers.\n<\/p>\n

\nTap into the veterinary community
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\u201cInconsistency in data reporting has made the veterinary industry disjointed. And without an established set of open standards, benchmarking data is relatively useless,\u201d says Kim Fish, VP of Veterinary Strategy at Petabyte. \u201cAAHA Benchmarking compares every practice to the same standardized catalog so that veterinary teams can actually leverage the power of community data to better their own practice.\u201d\n<\/p>\n

\nWhen a veterinary practice connects their PIMS to AAHA Benchmarking, they get to a support system designed to help them achieve their goals. Along with a community of like-minded peers, practices can engage with effective analytics and solutions. Since AAHA Benchmarking makes accessing, interpreting, and acting upon veterinary data so effortless, veterinary teams can finally put practicing medicine first without compromising business operations.\n<\/p>\n

\nLevel Up Your Benchmarking\n<\/p>\n