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Example of a CEO Dashboard for Healthcare Providers

What is a CEO Dashboard for Healthcare Providers?

CEO Dashboards are considered executive business monitoring tools and are used by CEOs and other leaders to keep an eye on top level key performance indicators (KPIs). Some of the main functionality in this type of dashboard is that it provides analysis from eight different perspectives, including: 1) Actual and budgeted revenues by GL account, 2) Monthly trend in number of claims versus claims paid, 3) Patient population by type, 4) Patient satisfaction by facility (clinic or hospital), 5) Monthly revenue trend with actual and budget comparison, 6) Monthly expense trend with actual and budget comparison, 7) Average length of stay (ALOS) – monthly trend, and 8) Monthly supplier quality trend. The user can filter on month and year on the top of the dashboard. You find an example of this type of dashboard below.

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Purpose of Healthcare CEO Dashboards

Healthcare providers use CEO Dashboards to give executives an easy and interactive way to analyze the organization’s performance. When used as part of good business practices in Financial Planning & Analysis (FP&A) and executive departments, an organization can improve its strategic decisions, and it can reduce the chances that leaders lack important and real-time insights.

Example of a Healthcare CEO Dashboard

Here is an example of a CEO Dashboard for healthcare providers with KPI trends and variance analysis.

Example of a CEO Dashboard for Healthcare Providers

Example of a CEO Dashboard for Healthcare Providers

You can find hundreds of additional examples here

Who Uses This Type of Dashboard?

The typical users of this type of dashboard are: Executives, CEOs, CFOs, analysts, board members.

Other Reports Often Used in Conjunction with Healthcare CEO Dashboards

Progressive Financial Planning & Analysis (FP&A) and executive departments sometimes use several different Healthcare CEO Dashboards, along with profit & loss reports, balance sheets, cash flow statements, annual budgets and forecasts, revenue dashboards, scorecards and other management and control tools.

Solver for Healthcare Providers

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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Corporate Performance Management (CPM) Cloud Solutions and More Examples

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This article will focus on the Best Excel Reporting and Budgeting Tools on Cloud for Banks

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This article will focus on Cloud-based Business Intelligence Solutions for Banking.

 
bank dashboardWhy do I love my iPod Classic? – I got my 80GB iPod Classic around 2007.  I was able to load all 14,000 songs from my library onto it.  I created several playlists that helped me organize the songs.  One playlist consisted of heavy metal that got me amped up before going to the gym.  Another playlist contained acoustic folk songs that were for the morning after a late night of fun. Read more

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This article will focus on the Top Cloud-based Financial Planning &Analysis (FP&A) Budget Tools for Banks.

Image taken from Shutterstock.

Image taken from Shutterstock.

The way things used to be – When I first got into building a budget for a bank, we were using Lotus 1-2-3 spreadsheets that were stored on 5¼ inch floppy disks.  The spreadsheet was basically a 24-month trial balance for each branch or department.  The first eighteen months contained historical balances.  The remaining eighteen months were the forecast for the rest of the current year and budget for next year.
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This article will focus on Cloud Reporting for Banks.

Image taken from Shutterstock.

Image taken from Shutterstock.


Just what is Cloud Reporting?TechTarget defines Cloud Analytics as a service model in which the reporting and analysis process are provided through a public or private cloud.  These solutions are typically offered under a subscription-based pricing model called Software as a Service (SaaS). Gartner defines the six key elements of analytics as data sources, data models, processing applications, computing power, analytic models and sharing or storage of results. In its view, any analytics initiative “in which one or more of these elements is implemented in the cloud” qualifies as cloud analytics. Read more

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This article will focus on Web-based Reporting for Banks.
CFO DashboardWho cares about web-based reporting for banks? When we think about reporting for banks, we often think about accountants, controllers, and CFO’s.  According to The Wharton School, accounting is considered the language of business.  The story of any company, no matter the size, the industry, or the country of origin, is told through its financial records and reports. Read more

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TargetTech defines BI as a technology-driven process for analyzing data and presenting actionable information to help corporate executives, business managers and other end users make more informed business decisions. Gartner says that BI is an umbrella term that includes the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and […]

The information you are reading is more than 2 years old and may be outdated
The information you are reading is more than 2 years old and may be outdated