A C C O U N T I N G ❰❰❰❰❰ 0 5
Using Monthly Dashboards
to Improve Your
Medical Practice Performance
BY ANNETTE DOEBLER
Lead, Follow or Get Out of the Way:
KEY PERFORMANCE INDICATORS (KPIS)
KPIs are measurements used by practice administrators or finance committees to
evaluate performance in specific areas of a medical practice. Measuring performance,
making comparisons and acting on opportunities are vital to the success of your
medical practice.
DASHBOARDS
Taking the time to collect the data and calculating the KPIs isn't enough. The informa-
tion should be shared with decision makers and individuals who can actually impact
the data. The challenge is in creating monthly dashboards that are distributed and
reviewed in a timely manner. Your physicians want to (and should) focus on their
patients, but they also need to understand trends and patterns in order to make key
business or scheduling decisions. We've found the following financial and clinical
dashboards to be e™ective in identifying areas for improvement in any medical practice.
WHEN USED CORRECTLY,
MEDICAL PR ACTICE
DA SHBOARDS CAN HELP
YOU LE AD DISCUSSIONS IN
MANAGEMENT MEE TINGS,
HELP YOU SUMMARIZE AND
FOLLOW IMPORTANT ME TRICS
IN YOUR RE VENUE CYCLE,
AND GE T UNPROFITABLE OR
INEFFICIENT OPER ATIONS OUT
OF YOUR WAY.
M D N E W S . C O M /// M D N E W S M I N N E S O TA
■
2 016 0 5
