Performance Dashboard
The AdvancedMD Performance Dashboard provides instant at-a-glance summaries of the Key Performance Indicators (KPIs) crucial for maintaining optimal financial health as well as the latest industry and product news with upcoming release information. Our Dashboard is updated daily and gives MTD, YTD and period comparisons. This reporting provides the vital data, insight and the confidence you need to help you maximize your practice’s financial performance. Our Performance Dashboard eliminates end-of-month financial surprises for your practice. Information is updated daily, and presented in a format that provides quick and easy comparisons with previous month and year results.
Financial Health
The Financial Health Dashboard section presents summary information specific to accounts receivable, including days in A/R, balances, unbilled and excluded amounts. Additionally, the data is displayed in a simple graphical format that visually summarizes A/R aging by category and amount, making it easy to stay on top of crucial A/R trends and issues.
Production Activity
The Production Activity Dashboard section reports KPIs of your practice’s throughput efficiency and revenue generating capability. Included are key indicators, such as number of visits, number of procedures, charges and net payments. Instant comparisons with previous months’ performance and percentage calculations let you easily track your progress and improvement on an ongoing basis.
Unique AdvancedMD Online Aggregate Billing Benchmarks
As the leading online web-based practice management solution, AdvancedMD has the unique capability of instantly aggregating billing performance data for thousands of clinics on the system and providing summary benchmark Performance Indicators to all users (free of any identifying sources – your privacy and anonymity are guaranteed). You get instant, ongoing feedback on how your clinic’s billing practices stack up against other practices in the AdvancedMD system – data that from other sources would be significantly expensive, outdated or both.
Key Performance Dashboard Benefits
- The Financial Health section, which summarizes and graphs key A/R data
- The Production section detailing data specific to clinic throughput and charge activity
- The Billing Cycle section, which computes billing cycle efficiency and compares it to the aggregated average of all other users on the AdvancedMD web-based system