hospital revenue performance

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Hospital Revenue Performance

Healthcare Qlik Sense® Accelerators

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About Syntrix

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Syntrix Consulting Group specializes in data reporting and business analytics for healthcare

organizations.

We provide tools, processes, and expertise to accelerate the production and adoption of analytic applications

in healthcare.

We are a Qlik Implementation Partner with expertise in multiple EMR

systems including Epic.

877-SYNTRIX (796-8749)BIAdvisors@syntrixconsulting.com

www.syntrixconsulting.com

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Hospital Revenue Performance

• This Qlik Sense® application explores trends and drivers of a hospital revenue. It assesses revenue and AR balance by service and financial class. It provides and in-depth view of inpatient and outpatient revenue profiles. It also illustrates the use of an extension to create a MTD | YTD report typically used by Finance departments.

• Key Metrics: Outpatient Revenue, Inpatient Revenue, LOS and Financial Class Volumes

Syntrix Qlik Sense® Accelerator Apps

3The Qlik Sense application described in this document utilizes synthetic healthcare data only.

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Analyzing Hospital Revenue Performance• Common Hospital Revenue Challenges• Revenue Overview• Top Performing Areas (IP/OP)• IP Revenue by LOS and DRG• Revenue by Financial Class• Accounts Receivable Profile• Monthly Financial Reports

Application Screenshots

Content Outline

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Analyzing Hospital Revenue Performance

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Key Questions• What are the most profitable services for IP and OP

operations?• Is IP revenue up because of higher admissions or longer

stays?• Which payer has the highest outstanding AR?• What are the top/bottom revenue centers and where are

opportunities to further increase revenue? Audience

• CFO• Finance Directors• Service Line Managers• Financial Analysts

Common Hospital Revenue Challenges

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Effective Inpatient vs Outpatient Comparison• IP and OP revenue breakdown• Related dimensions are similarly colored

for effective visualization

Revenue Overview

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Top Performing Areas (IP/OP)

Inpatient Service• Top DRG Groups

Outpatient Service• Top Clinics

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IP Revenue by LOS and DRG

Outlier: high revenue low IP days

Outlier: low revenue high IP days

As the IP Days go up the revenue goes up, but it plateaus around 50 IP days

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Revenue by Financial Class

Color coded by Inpatient and Outpatient to easily associate KPIs to Pie Charts

Easily drill down into each Financial Class

Quickly identify top revenue services for each financial

class

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Accounts Receivable Profile

Bar Charts to identify AR Age Buckets groups

Pivot Tables are effective displaying details in a condensed space

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Monthly Financial Reports

MTD | YTD Standard Report Layout Utilizing Syntrix proprietary Qlik Sense®

Extensions

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Application Screenshots

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To learn more, contact us at:877-SYNTRIX (796-8749)

BIAdvisors@syntrixconsulting.comwww.syntrixconsulting.com

Syntrix Consulting Group