Hospital BPM Documents
Welcome to the Hospital Business Performance Management Resource Center! Here you can access information about IRM’s revenue cycle dashboard and analytics solution, Hospital BPM. The industry is changing and hospitals and systems must adapt their reporting and analytics to adequately address the volume of data in disparate systems and the mission critical need to track and manage revenue cycle metrics in real-time. Hospital BPM is rooted in the best of best practices and has been developed in conjunction with some of the country’s leading integrated health systems.
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One of the most challenging aspects of managing the revenue cycle is being able to effectively comprehend the vast amount of data produced by various information systems within a healthcare facility. A main goal of a Business Intelligence (BI) system is to quickly and easily convert this enormous amount of data into information that can be more easily understood by users for effective decision-making.
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Hospital BPM (Business Performance Management) is a powerful business intelligence solution built specifically for hospital financial management. In particular, Hospital BPM is designed to help your facility better manage the complex processes and disparate data that make up a Healthcare Revenue Cycle. Delivered 100% via the web, Hospital BPM combines pre-built perform-ance dashboards for all phases of the revenue cycle and includes a consulting component wherein revenue cycle professionals provide meaningful insight and action items on how your can increase your revenue.
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Solution as a Service (SLAS) is a new concept in business applications. It is the combination of consulting and technology, delivered together via the web. IRM is pioneering SLAS for Revenue Cycle Reporting with its Hospital BPM Solution. Hospital BPM is a web-based solution that combines powerful and pre-built revenue cycle dashboards with a pre-defined amount of consulting delivered with the reports.
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The HFMA recently released a series of MAP Keys. These MAP Keys are defined as key Indicators of Revenue Cycle Excellence and have been created by HFMA in collaboration with key industry stakeholders. HFMA’s MAP sets new standards for revenue cycle excellence.
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What is Hospital BPM? Who can benefit from the use of Hospital BPM? ... and answers to other questions about HBPM.
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Hospital BPM is a financial performance management solution built for hospital executives that provides real-time decision support for revenue cycle management.