KPI Benchmarking

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dashboardMD automatically benchmarks the Key Performance Indicators (KPIs) that drive financial and operational success for collections, denials, accounts receivable and more. Users can choose provided industry targets or create their own internal values to benchmark against.

Determine how payer mix is affecting your practice, or make market trend comparisons. Compare your revenue and expenses with practices of the same specialty, geographic location and size. Comparing your practice to your peers makes it easier to spot areas needing improvement or areas of opportunity, and provides insight into how your practice is really functioning.

KPI Benchmarking is an ongoing process, requiring continuous analysis to develop strategic goals and then refine them. Alerts are issued when there are exceptions. Corrective action may result in reassessing objectives and benchmarks, or implementing new processes. Again, these actions are monitored and measured for their effectiveness, and performance is tracked. Over time, strategies can be refined and processes improved.

  • Complete range of KPIs for pre-visit, registration, charge entry, billing, collections and payers.
  • Utilize industry standard metrics or internal values
  • Easily monitor and analyze the effectiveness of strategies
  • See how your office compares to best practices
  • Identifies hidden trends and problem areas
  • Motivate employees and encourage accountability

dashboardMD is a MGMA Gold Affiliate and member of AMGA, HIMSS and Microsoft Solution Partners.

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