Hospital Revenue Performance
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Transcript of Hospital Revenue Performance
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Hospital Revenue Performance
Healthcare Qlik Sense® Accelerators
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www.syntrixconsulting.com | 877.SYNTRIX (877.796.8749)
About Syntrix
2
Syntrix Consulting Group specializes in data reporting and business analytics for healthcare
organizations.
We provide tools, processes, and expertise to accelerate the production and adoption of analytic applications
in healthcare.
We are a Qlik Implementation Partner with expertise in multiple EMR
systems including Epic.
877-SYNTRIX (796-8749)[email protected]
www.syntrixconsulting.com
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www.syntrixconsulting.com | 877.SYNTRIX (877.796.8749)
Hospital Revenue Performance
• This Qlik Sense® application explores trends and drivers of a hospital revenue. It assesses revenue and AR balance by service and financial class. It provides and in-depth view of inpatient and outpatient revenue profiles. It also illustrates the use of an extension to create a MTD | YTD report typically used by Finance departments.
• Key Metrics: Outpatient Revenue, Inpatient Revenue, LOS and Financial Class Volumes
Syntrix Qlik Sense® Accelerator Apps
3The Qlik Sense application described in this document utilizes synthetic healthcare data only.
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Analyzing Hospital Revenue Performance• Common Hospital Revenue Challenges• Revenue Overview• Top Performing Areas (IP/OP)• IP Revenue by LOS and DRG• Revenue by Financial Class• Accounts Receivable Profile• Monthly Financial Reports
Application Screenshots
Content Outline
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Analyzing Hospital Revenue Performance
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Key Questions• What are the most profitable services for IP and OP
operations?• Is IP revenue up because of higher admissions or longer
stays?• Which payer has the highest outstanding AR?• What are the top/bottom revenue centers and where are
opportunities to further increase revenue? Audience
• CFO• Finance Directors• Service Line Managers• Financial Analysts
Common Hospital Revenue Challenges
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Effective Inpatient vs Outpatient Comparison• IP and OP revenue breakdown• Related dimensions are similarly colored
for effective visualization
Revenue Overview
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Top Performing Areas (IP/OP)
Inpatient Service• Top DRG Groups
Outpatient Service• Top Clinics
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IP Revenue by LOS and DRG
Outlier: high revenue low IP days
Outlier: low revenue high IP days
As the IP Days go up the revenue goes up, but it plateaus around 50 IP days
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Revenue by Financial Class
Color coded by Inpatient and Outpatient to easily associate KPIs to Pie Charts
Easily drill down into each Financial Class
Quickly identify top revenue services for each financial
class
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Accounts Receivable Profile
Bar Charts to identify AR Age Buckets groups
Pivot Tables are effective displaying details in a condensed space
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Monthly Financial Reports
MTD | YTD Standard Report Layout Utilizing Syntrix proprietary Qlik Sense®
Extensions
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Application Screenshots
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To learn more, contact us at:877-SYNTRIX (796-8749)
Syntrix Consulting Group