Written by Nils R. | Apr 20, 2021 7:00:00 AM
What is a
Billings by Biller
Dashboard? Billings by Biller Dashboards are considered billing optimization analysis tools and are used by CFOs and medical billing managers to analyze how much each biller is billing and the related collection rate. Some of the main functionality in this type of dashboard is that it gives the user both a matrix report with detailed billing figures and it provides a chart with rankings of the billers. The matrix shows biller name, billing amount, collection amount, % GT billing amount, and collection rate. The chart ranks the billers from high to low. You find an example of this type of dashboard below.
Purpose of
Billings by Biller Dashboards Healthcare organizations use Billings by Biller Dashboards to give managers an easy way to monitor key metrics related to their billers. When used as part of good business practices in Financial Planning & Analysis (FP&A) and Billing departments, an organization can improve its billing processes and grow revenues, and it can reduce the chances that billing errors or other process issues are not quickly detected and fixed.
Example of a
Billings by Biller Dashboard Here is an example of a Billings by Biller Dashboard with KPIs related to billers as well as rankings. [caption id="" align="alignnone" width="2560"]
Example of a Billings by Biller Dashboard for Healthcare Providers[/caption] You can find hundreds of additional examples
here
Who Uses This Type of
Dashboard
? The typical users of this type of dashboard are: CFOs, medical billing manager, collections manager, accountants, analysts.
Other Reports Often Used in Conjunction with
Billings by Biller Dashboards Progressive Financial Planning & Analysis (FP&A) and Billing departments sometimes use several different Billings by Biller Dashboards, along with profit & loss reports, 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)
Corporate Performance Management (CPM) Cloud Solutions and More Examples
