Revenue Cycle Management Analytics

Intelligent Reporting for Healthcare
Traditional analysis reporting methods can be time consuming; as a result many offices focus only on collections and A/R.  While these are important areas, they provide lagging indicators at best. Issues that negatively affect revenue can happen anywhere in the revenue cycle. dashboardMD provides analysis reports for each phase, from payer contracts through charge capture and collections for a more complete picture of front and back office productivity.

Using our unique Business Performance Management framework, dashboardMD automatically monitors your entire revenue cycle, providing immediate alerts to adverse changes, such as a decrease in cash collections, increase in AR days or A/R.

  • Automates time consuming reporting & delivery processes
  • Online dashboards are easy to access and understand
  • Analyzes KPIs that have the greatest impact on the entire Revenue Cycle
  • Decision Support tools and Alerts eliminate guesswork and focus attention
  • Monitors Revenue Cycle and issues alerts for changes

How many hours a week does your office spend manually compiling, analyzing, and distributing spreadsheets?
MD automates this entire process with on-demand, error-free analysis. Your favorite reports are always available and just a click away. Our “push” reporting feature simplifies distribution; reports may be automatically emailed as an Excel spreadsheet or PDF, according to your schedule.

dashboardMD’s advanced reporting puts technology to work for you, freeing up resources and providing managers and executives with the information they need to make intelligent, fact-based decisions:

  • Data is pre-calculated and analyzed, providing immediate information
  • Includes all types of interactive reports, such as trends, projections and scorecards
  • Aggregate data across multiple practices or enterprises, then drill through to detail
  • Filter by multiple dimensions: practice, location, physician, payer, financial class, CPT code group or specialty
  • Complete revenue cycle analysis: Payer Contracts, Front Office, Billing, Collections, Productivity, E & M utilization and more
  • Data warehousing provides true Business Intelligence and Business Performance Management reports, including KPI benchmarking with user-defined goals.

Are your daily decisions based on all the facts?
Many offices focus primarily on collections and A/R reports that analyze key performance indicators (KPIs) such as Cash Collections, A/R and A/R Aging. These “lagging” indicators, from the end of the revenue cycle, measure the results of past activities. Although this is valuable information, it can’t be used to change the outcome of the previous month.  “Leading” indicators, from the beginning of the revenue cycle, can be used to predict results and enable managers to manage proactively with more control over the outcome.

dashboardMD provides a balanced range of leading and lagging indicators for each phase of the revenue cycle, from payer contracts through charge capture and collections, to keep you in control and out of crisis management.

How do you know what areas need your attention?
It’s simple with dashboardMD – our decision support tools and alerts immediately direct your focus to underperforming areas, eliminating guesswork. Decision Support Scorecards display the status of every KPI, sorted by best and worst performance. Filter by practice, service location, physician, payer, financial class, CPT code group or specialty, then drill down to details.

Does your current analysis really show how your practice is doing?
Only a data warehouse can provide the analysis needed to determine if you are in line with your financial and strategic objectives. dashboardMD automatically benchmarks and analyzes data based on your specific goals, giving a clear picture of where your practice is today, relative to your objectives. Unlike operational reports, our Business Intelligence reports reveal which processes are working, and which are not.  This enables Executives and Managers to easily spot areas of concern and implement a solution, then track progress and measure the effectiveness of their strategies.

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

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