Business Intelligence to Power Your Radiology Practice
Turning data into actionable insights – delivered in a format your team can actually use
Radiology practices need timely, data-driven analytics and business intelligence to manage and grow their business. Health Prime’s analytics platform has launched new robust and user-friendly dashboards that provide a clear view of radiology practice performance – covering modalities, time blocks, machine use, anatomical scan volumes, payer performance, CPT coding trends, and more.
Powered by our analytics platform, our dashboards can help uncover patterns, compare performance over time, and identify revenue opportunities.
With Health Prime’s new analytics-driven dashboards, you can:
• Sort between critical date elements, including date of service and date of posting
• Track service volumes to anticipate workload and staffing needs
• Spot coding and billing trends before they impact reimbursement
• Monitor payer performance to stay ahead of denials and delays
• Measure meaningful KPIs and metrics and benchmark against targets
Get to know our new dashboards
Practice Summary:
Get an at-a-glance graphical window into practice performance over a rolling 13-month period with our summary dashboard. Prior year and rolling month average trends are easy to see in this powerful view of charge, payment, payer mix, and aging AR trends.
Payer Performance:
Enhance your ability to manage payer performance with a dashboard that tracks critical KPIs including net collection rate, denial rate, non-contractual adjustment rates, and days in AR per financial class. This view allows radiology practices to rank their payer partners in terms of ease of collectability.
Service Volume:
Identify top revenue center and provider performers in terms of service volumes, units, scan type, anatomy scanned, and minutes, as well as important trending metrics like pay per service, pay per unit, units per service, and minutes per scan. Use these insights to understand and gain deeper visibility into how specific services at various locations are affecting your bottom line.
Month-Over-Month KPI Summary:
Monitor trends with color-coded data for each month comparing projected values. This actionable data lets practices know immediately whether performance is within 5% of the expected variance on services, units, minutes/hours, charges, payments, refunds, adjustments, collection rates, ending AR balance, and days in AR.
Prior & Current Year-To-Date Comparison by Modality:
Dive deep into performance metrics with this dashboard that includes a detailed breakdown of practice performance by service modality. Detailed practice performance information is included on American College of Radiology modalities, as well as all sub modalities, with visibility down to the CPT code level.
Health Prime is a leading provider of revenue cycle management solutions for radiology groups. To learn how we can help your anesthesiology practice improve operational efficiency and financial performance, please visit hpiinc.com/radiology.
