$275/Month
It is impossible for a Manager to have any claim of being a “true professional” in any field without knowing the norms of quality and cost. MVI Benchmarking gives Managers this professional perspective in 20 seconds! The software allows a Hospice to compare itself with 760+ other Hospices using 989 data-points for each organization! And the data extraction is automated! Whoa!
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Management Application
Alerts Utility
Benchmarking Application
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Safeguards and security measures have been implemented that ensure the confidentiality of data and block the ability to identify individual Hospice providers.
The system is rich in value. Features include:
- Executive Dashboard Reporting – For quick graphical and numeric monitoring of critical performance measures including Growth in ADC, Costs, Clinical Productivity, Visits in Relation to Census, Visit-Hours in Relation to Census, Nursing Home Mix, Benefits %, Debt to Equity Ratio, Development Return Ratio, etc.
- Hospice Homecare, IP Units, and Palliative Care are Tracked in Detail – Each of the most common programs of Hospice organizations are segregated from other programs to provide pure and comparable data.
- Patient-Day and Percentage of Net Patient Revenue Reports – These are the most common methods of Hospice financial measurement. They are excellent for some management decisions, but can be misleading if not viewed with other cost views.
Analysis of Indirect Costs – 50 areas of Indirect Costs are tracked and are grouped into 3 categories; Indirect Labor, Operational Costs, and Facility-Related. Each of the 50 Indirect areas are also tracked individually. - Cost Engineering Tools – These tools allow a Hospice to construct target costs for each component of care based on internally developed standards.
- Flex Model Report – A budget automatically adjusted for fluctuations in patient volume is created through the use of standard costs.
- Breakeven Analysis – Breakeven computations are automatically produced.
- Cost per Visit and Cost per Visit-Hour by Discipline – These cost views provide greater insight into operations and make available the information required by many of the patient-management systems to produce accurate cost views by diagnosis, payer, age, sex, referral source, etc.
- Board Financial Statements – A Balance Sheet and Income Statement are automatically produced in a format that has proved to be very effective for informed decision making by Boards of Directors.
Optional service that can be added onto standard Benchmarking:
Model Decision Dashboard