The KPI Dashboard provides an overview of the entire hospital organization measured in different dimensions such as Financial Management, Revenue Cycle Management, Supply Chain Index, Operations Index, HR Operations Index, Clinical Productivity Index, and so on.
The profitability of a Healthcare institution signifies not only the financial health of the institution but the operational efficiency to achieve the profitability. Evo Analytics with its unique healthcare data model can accept manual or automated data from any financial system, and relate it to the clinical, claims & operation data to show the profitability of the healthcare institution. The profitability is expressed as Net margin%, Cases & CMI. Other parameters can be selected to look into a particular aspect of net revenue, total direct cost, direct margin, etc.
The profitability dashboard can offer the flexibility to a user of selecting a primary group and view the financial health of each department as combined for their patient type category. The user can also select the secondary group where the system will show the detailed profitability status of the department with a break up of total patients into in patients, out patients and emergency patients.
The CMI is the most important component in managing the profitability by identifying the weightage of the resource allocation for a particular DRG with respect to other DRGs in the system.
The largest cost center in any healthcare organization is the manpower. Many a times it is not possible for the executive to get a bird’s eye view of over or underutilization of resources. They rely on data residing on multiple systems and it is difficult to consolidate reports from multiple systems and generate a meaningful insight from it.
The productivity dashboard provided a single view of data from multiple source systems like Clinical, Human Capital, Financials, Supply Chain, and Time & Attendance System. The executives could get a consolidated view of individual hospitals across departments, sub-departments, and business groups, and compare them with other hospitals for productivity analysis and comparison.
The productivity comparison presents an overview of the department’s productivity across multiple hospitals or primary health centers on predefined targets.
Revenue cycle management (RCM) is the financial process that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. KPIs can drive the organization to have clear picture as to which process/facility/enitity is missing the targets. We have captured some overview reports and apart from reports shown here detailed reports upto claim and patient level are also available and linked to each KPI
