Purpose of Revenue by Service Group Reports with Rankings Healthcare providers use Revenue by Service Group Reports with Rankings to provide an easy way for healthcare managers to see which of their patient service groups drive the most significant revenues. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, an organization can improve its revenue-related planning and strategies as well as reduce the chances that managers lose visibility to important drivers of their sources of revenue.
Revenue by Service Group Reports with Ranking Example Here is an example of a Revenue by Service Group report with top 20 ranking.
Who Uses This Type of Report? The typical users of this type of report are: Executives and CFOs. Other Reports Often Used in Conjunction with Revenue by Service Group Reports with Rankings Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Revenue by Service Group Reports, along with billing and claims reports, revenue dashboards, income statements and other management and control tools.
Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from management systems or 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, Forecasting, Analysis, Budgeting, CPM, KPIs, ERP, Dashboards, Industry, Financial Reporting, Template Library