LAKEWOOD, Colorado–(BUSINESS WIRE)–The American Animal Hospital Association (AAHA) and Petabyte Technology have partnered to bring the veterinary community AAHA Benchmarking, the first-ever digital tool that uses live Practice Information Management System (PIMS) data and advanced benchmarking to practice performance insights compared to the wider veterinary space.
AAHA Benchmarking converts standardized data into easy-to-interpret visuals and actionable reports that allow veterinary practices to compare their own data to aggregated financial and productivity data from practices across the United States. It also includes the SPOT score, an instant view of how a practice compares to its cohort in four major categories: Revenue, Producer Performance, Opportunities, and Trends in Medicine.
AAHA Benchmarking, developed by Petabyte Technology, uses algorithmic analysis to automatically standardize, aggregate and analyze PIMS data. As a technology leader in large-scale data analysis and standardization, Petabyte Technology harnesses the power of community data to improve pet care and business success for individual practices while raising the bar for excellence. industry-wide veterinarian.
“Petabyte takes a number of practices with our permanent technology and turns their data into the industry’s single source of truth,” said Kim Fish, vice president of veterinary strategy at Petabyte Technology. “Even simple things make a difference, like knowing that ‘Limes disease’ means ‘Lyme disease’. With deep normalized data, we can help clinics recoup lost revenue by looking at things like ACT inconsistencies and producer performance to determine revenue gaps. The varied naming, PIMS, and idiosyncrasies we ingest take real technical magic to overcome,” says Fish.
Behind the scenes, Petabyte’s software implements sophisticated algorithms that normalize and classify all business and medical data for a wide range of practices and practice types. By securely connecting their PIMS to AAHA Benchmarking, practices can access previously invisible data, going far beyond simple revenue and appointment count reports, and digging deeper into the data using a variety of criteria including practice information, client demographics, animal breeds, age, appointments/procedure type, etc.
“The partnership between AAHA and Petabyte was a natural fit and will have an instant impact on veterinary medicine,” said Katie Huneke, vice president of sales and marketing at Petabyte Technology. “Our proprietary platforms, including our PIMS rhapsody, natively use the AAHA chart of accounts to deliver actionable, in-depth, integrity-rich data to veterinary teams. This collaboration is another way AAHA and Petabyte’s suite of products are helping veterinary practices provide the highest quality care,” says Huneke. “We are excited to share AAHA Benchmarking with the entire veterinary industry.”
AAHA benchmarking is essential to keep veterinary practices current and competitive. Constant measurement against industry peers allows practices to gain insight into their own performance.
From the inception of the AAHA/VMG Chart of Accounts in the 1990s to the development of the AAHA Diagnostic Terms and Codes in 2003, the AAHA has pioneered open standards in the veterinary industry, championing thought leadership on standards and practices, converted its standardized terminology into SNO-MED coding so that it is accepted as a recognized diagnostic coding for the profession, and provided important reference data to members during over three decades via online and written surveys. Access to benchmark data is consistently rated as one of the most sought-after benefits by members in ongoing AAHA member surveys.
“Although the AAHA diagnostic terms and codes have been around for 20 years, the wide variety of PIMS systems has made it difficult to establish industry-wide consistency and use these terms as they have been. designed to be used,” says Garth Jordan. , CEO of AAHA. “That’s why our partnership with Petabyte is so important. They found a way to standardize despite the PIMS. And with standardized coding at its core, AAHA Benchmarking will go a long way in helping practices assess business and medical operations and then make the necessary changes. We are thrilled to be able to offer this, not just to AAHA members, but to the entire profession.
AAHA Benchmarking replaces outdated printed reports with reports based on live data to help inform business operations for short and long term benefits. As a non-profit organization whose goal is to simplify the path to excellence for the veterinary profession, AAHA leadership provides participating practices with neutral assurance that their data is safe, secure and, ultimately held at the cabinet level.
This partnership is a collaboration in industry and technology leadership. The AAHA and Petabyte Technology are excited to champion open data standards in the veterinary community through AAHA Benchmarking to improve quality veterinary medicine and care.
AAHA Benchmarking will be available in September 2022 for the entire veterinary community. A free version of AAHA Benchmarking will also be available to all AAHA members. For more information, visit: aaha.org/benchmarking.
About the AAHA
Since 1933, the American Animal Hospital Association has been the only organization to accredit veterinary hospitals in the United States and Canada based on standards directly related to high quality medicine and compassionate care. Accreditation in veterinary medicine is voluntary. The AAHA Accredited Logo is the best way to tell if a practice has been third-party rated. For more information: aaha.org.
About Petabyte Technology
Petabyte is revolutionizing practice management for veterinary hospitals with its suite of software solutions that emphasize simple design and intuitive use. Petabyte Technology uses standardized data, comprehensive analytics, and advanced technology to help veterinary practices run more efficient operations and provide better veterinary care to patients. For more information: petabyte.technology.