Financial Analytics

financial analytics

Better tools, better results, best practices

With the continued and seemingly never ending pressures on provider reimbursements, enhanced analytics have become a necessary instrument toward a more financially stable, predictable and profitable practice. Our latest release includes new financial analytic tools that will help your practice dig deeper to analyze cost and profitability by profit centers, monitor contract under and over payments and investigate new revenue opportunities.

Knowledge is power.

  • Gain insightful financial views of cost and profitability by profit center
  • Continuous Monitoring of Contract Reimbursements
  • Easily analyze revenue opportunities
  • Click your way through compliance risk and under coding analysis
  • Quickly produce one-off reports for unique information requests
  • Save a ton of time from manually compiling financial reports
  • Provides real time, fact based decision support

Cost and Profitability
Profit Center Analysis is a new analytic module that incorporates cost data and calculates the practice’s profitability by profit center. Profit centers may be any dimension or grouping such as a division, practice, provider, facility, specialty or an ancillary service or procedure. In addition, now you can analyze charges to generate a cost-based master fee schedule with a proper buffer built-in for profitability and bad debt or write-offs.

Contract Management
This new analytic section enables a practice to, not only make sure a claim was paid, but that it was paid correctly. Any number of contracts can be completely setup to flag under payments and over payments.

E&M Coding
Improve E&M Coding with comparison against group and national CMS specialty benchmarks. Effortlessly identify providers with the highest or lowest coding levels using our interactive E&M analysis dashboard. Automatically deliver scheduled E&M dashboard reports via email as PDF or Excel files.

Revenue Opportunities
Our revenue opportunity tools provide you with a way to quantify “What If” scenarios and their potential effects on revenues. Focus your attention on the most impactful initiatives including shifts in E&M coding levels, improvements to claim lag times, increases in patient volumes or ancillary services and adding new physicians or practice locations.

Empower your team.

Daily monitoring of operational processes with our turnkey dashboards will deliver another layer of administrative reporting with additional checks and balances.

We can help.
Simply fill out the form below or give us a good old fashioned phone call.

877-289-2311

 

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dashboardMD, Inc.
5801 N.W. 151st Street, Suite #301
Miami Lakes, Florida 33014
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