Purpose of Collections to Charge Rate Dashboards Healthcare organizations use Collections to Charge Rate Dashboards to analyze how well (or not) they are able to collect versus what they charge. When used as part of good business practices in Financial Planning & Analysis (FP&A) and collections departments, an organization can improve its revenues and related cash flow, and it can reduce the chances that elements of pricing, billing, charging or collections processes are not overhauled when systemic problems are discovered. Example of a Collections to Charge Rate Dashboard Here is an example of a Collections to Charge Rate Dashboard with analysis of collection rate by biller, insurance company and patient.
Who Uses This Type of Dashboard ? The typical users of this type of dashboard are: CFOs, collections manager, accountants, analysts. Other Reports Often Used in Conjunction with Collection to Charge Rate Dashboards Progressive Financial Planning & Analysis (FP&A) and collections departments sometimes use several different Collections to Charge Rate Dashboards, along with profit & loss reports, balance sheets, cash flow statements, annual budgets and forecasts, revenue dashboards, billing reports, charges reports, collections reports, aged receivables (AR) reports and other management and control tools.
Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
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TAGS: Reporting, Planning, Forecasting, Analysis, Budgeting, CPM, KPIs, ERP, Dashboards, Industry, Financial Reporting, Template Library