What is a Bill to Charge Rate Dashboard?
Bill to Charge Rate Dashboards are considered revenue and billing analysis tools and are used by CFOs and accountants to analyze what percent of charges are accepted as billable events. Some of the main functionality in this type of dashboard is that it enables anlaysis from three perspectives: 1) Bill to charge rate by biller (physician), 2) Bill to charge rate by payor/insurance company, and 3) Bill to charge rate by patient. You find an example of this type of dashboard below.
Purpose of Bill to Charge Rate Dashboards
Healthcare organizations use Bill to Charge Rate Dashboards to provide their managers with clear insight into the organization’s ability to bill for its charges with minimal adjustments. When used as part of good business practices in accounting departments, an organization can improve its revenues and related processes, and it can reduce the chances that there are specific outliers that are missed, such as a physician or payor with a very low bill to charge ratio.
Example of a Bill to Charge Rate Dashboard
Here is an example of a Bill to Charge Rate Dashboard with analysis of physicians, payors and patients.
You can find hundreds of additional examples here
Who Uses This Type of Dashboard?
The typical users of this type of dashboard are: Executives, Chief Physician, CEOs, CFOs, analysts, accountants.
Other Reports Often Used in Conjunction with Bill to Charge Rate Dashboards
Progressive Accounting departments sometimes use several different Bill to Charge Rate Dashboards, along with profit & loss reports, balance sheets, cash flow statements, annual budgets and forecasts, revenue dashboards, scorecards, billing reports, charges reports, collections 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)
Corporate Performance Management (CPM) Cloud Solutions and More Examples
- View 100â€™s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- View a Healthcare white paper and other industry-specific information here
- See how reports are designed in a modern report writer using a cloud-connected Excel add-in writer
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
- Watch demo videos of reporting, planning and dashboards