Implementing mission, vision, and values in healthcare organizations develops a strong operational and financial foundation. Hospitals face challenges complying with patient expectations and government requirements. This prompts healthcare executives to predict what services a hospital might require.
With Bold BI, healthcare executives can monitor patient preferences through records, finances, statistics, and satisfaction scores. In this blog, I’m going to elaborate on how embedded analytics has improved the healthcare industry. I’ll cover the following:
- What is embedded analytics?
- Benefits of an embedded healthcare executive dashboard
- Bold BI’s Healthcare Executive Dashboard example
- How to embed analytical tools into healthcare apps
What is embedded analytics?
Benefits of an embedded healthcare executive dashboard
Embedded analytics improves the visualization of data related to healthcare services. This provides insights for better decisions to promote better results. The benefits of an embedded healthcare executive dashboard are:
Faster hospital growth
Embedded analytics monitors healthcare industry metrics such as inpatient and outpatient by month, total claims vs remitted claims by month, and more. This analysis helps to form growth strategies that promote healthcare management. Using the KPIs and key metrics provided, the dashboard delivers insights into patient care, leading to growth with improved decision-making to promote resources effectively to serve patients.
Embedded analytics helps healthcare departments monitor their financial status by analyzing cost. By tracking metrics such as total length of stay by month, average patients by department, operating revenue and expenses by month, and more, the healthcare industry reduces the cost of different departments within the hospital. Through this, the hospital delivers better services to the patient, for they are affordable, promoting engagement with the patients. This leads to an increased number of patients served in the facility who leave satisfied.
Embedded analytics leads to better decision-making through the resources of the healthcare organization. Decision-making can be guided by monitoring KPIs such as death rate, admission rate, and patient-to-staff ratio. With that data, healthcare executives can implement data analysis to glean insights and make predictions on how well departments respond to patients’ needs. This happens after healthcare executives address organizational and societal challenges and remedy dilemmas by prioritizing projects.
Embedded analytics in healthcare departments enable hospitals to engage in activities that create new ideas, programs, and technological advancements. By tracking metrics such as cost by payer, departments, operating profit margin, and more, frequent analysis is maintained. This enables hospitals to envision future trends.
Bold BI’s Healthcare Executive Dashboard example
Embedding a healthcare executive dashboard to monitor KPIs in a dynamic and interactive way enables healthcare professionals to access important patient statistics in real-time to increase overall hospital performance and patient satisfaction.
KPIs and Metrics
- Ward population
- Claim denial rate
- Staff turnover rate
- Operating profit margin
- Staff-to-patient ratio
- Death rate
- Admission rate
- Average patient waiting time
- Inpatient and outpatient by month
- Total claims vs remitted claims by month
- Costs by payer
- Equipment utilization
- Operating revenue and expenses by month
- Avg. patient satisfaction
- No. of appointments by department
- Total length of stay by month
- Avg. patients by department and month
- Patients by division
This number card shows the number of patients admitted to the hospital who spend time in a hospital room for special treatment.
Claim denial rate
This card shows the percentage of claims denied by payers during a given period, which interferes with the revenue cycle.
Staff turnover rate
This number card shows the rate of attrition for a hospital. It is calculated by dividing the total number of leavers in a year by the average number of employees.
Operating profit margin
This number card reflects the percentage of profit before subtracting taxes and interest charges. It is calculated by dividing the company’s operating profit by total sales.
This number card shows the number of patients assigned to a single staff in a shift. This is influenced by factors like illness, treatment type, staff qualifications, and many more.
This number card shows the ratio of deaths to total patient population for a particular duration. It is calculated as the number of deaths per a thousand people in a year.
This number card shows the number of cases with a specified condition admitted to hospitals with relation to geographical area.
Inpatient and outpatient by month
This stacked column chart shows the difference between the number of outpatients and inpatients at the hospital for the last six months. It shows the duration patients stay at the hospital.
Average patient waiting time
This radial gauge shows the average time a patient waits between checking in and seeing a provider. Healthcare facilities have become more efficient on average wait time to see a physician based on medical treatment type.
Total claims vs remitted claims by month
This line chart shows the variation between total claims and remitted claims for the last six months in a hospital. It shows the total claims remitted for a given period to maintain a positive cash flow, attaining a high level of patient care.
Costs by payer
This pie chart shows the modes of insurance payments made by patients. This provides a patient’s annual healthcare costs, illustrating the percentage of a hospital’s accounting costs.
This pie chart shows that overutilized equipment can lead to increased maintenance expenditure and unexpected downtime, leading to treatment delays.
Operating revenue and expenses by month
This line chart shows the variation of operating revenue and expenses to monitor a company’s income for the last six months.
Avg. patient satisfaction
This doughnut chart represents an important and commonly used indicator for measuring the quality of services in a hospital. The patients’ responses determine the patients with less urgent needs.
No. of appointments by department
This bar chart shows the number of scheduled appointments by department in a hospital. Patients are given dates to get attention from a doctor who is specialized in their health condition.
Total length of stay by month
This area spline chart shows the number of days patients stay in the hospital. It is calculated by subtracting the day of admission from the discharge day.
Avg. patients by department and month
This heat map shows the average number of patients in a department and the time taken for an appointment. This helps determine an organization’s strategies and relevant goals.
Patients by division
This stacked bar chart shows the total inpatients and outpatients by hospital department. This helps identify ways of improving healthcare services and optimizing care.
To learn more about the key metrics used in this dashboard demo, refer to the Healthcare Executive Dashboard.
How to embed analytical tools into healthcare apps
Let’s see how analytics can be embedded into healthcare applications. Bold BI supports embedding dashboards in apps for more than 18 web platforms, including React with ASP.NET Core, React with Go, WinForms, Node.js, Vue with Go, and Vue with Core.
In the remaining part of this blog, I am going to give an overview of how to embed dashboards in your ASP.NET MVC applications. Consider a scenario where your healthcare industry has a website like the one shown in the following image.
You can embed dashboards easily using Bold BI and avoid building an analytics or BI solution yourself. Follow these steps to embed your dashboard successfully.
Step 1: Creating an ASP.NET MVC application.
First, create an ASP.NET MVC application. Open Microsoft Visual Studio and click New Project. Then choose ASP.NET MVC Web Application, enter the project name, and click OK.
Step 2: Configure embed properties.
After the ASP.NET MVC web application is created, you need to create a model class called EmbedProperties under Models and provide the dashboard RootURL, SiteIdentifier, Environment, UserEmail, and EmbedSecret.
|Properties||Property Value Descriptions|
|RootUrl||Bold BI dashboard server URL. For example: http://localhost:5000/bi,|
|SiteIdentifier||For Bold BI, it should be something like “site/site1”.
For the Bold BI Cloud Analytics Server, it should be an empty string.
|Environment||Your Bold BI application environment. If using Bold BI Cloud Analytics Server, you should use “cloud.” If using Bold BI, you should use “enterprise.”|
|UserEmail||The Bold BI server will use an email address to authorize the authorization server.|
Step 3: Generate embed secret.
You have to set the embed secret for authentication, and you can get it from the Bold BI server. Click the Settings icon in the left navigation bar and then click the Embed tab.
Click Enable embed authentication and then click the Generate Secret button to generate the embed secret. Copy the secret key and paste it into the application. To learn how to do this in more detail, you can refer to this documentation link.
Note: Save the secret key, as it cannot be retrieved again. If you do not save it, you will have to generate a new one using the Reset Secret option.
Step 4: Create an authorization server.
You need to implement an authorization server in the ASP.NET MVC application to be authenticated before embedding the dashboard from the Bold BI server. You can also configure the single sign-on (SSO)-based authorization server, which is an authentication endpoint that enables users to securely authenticate multiple applications using unique embed secrets. This prevents the need for the user to log into different applications separately.
Step 5: Create a Bold BI instance.
Step 6: Run the application to embed the dashboard.
After creating the ASP.NET MVC application, you need to run it. It will be launched with the dashboard details. Finally, you can that see the dashboard created in the Bold BI server is embedded in your web application.
By following the previous steps, you can embed your dashboards into your ASP.MVC application.
Bold BI helps you integrate dashboards in your applications written in ASP.NET Core, ASP.NET MVC, Angular, ASP.NET, and Ruby on Rails. It will help save you time and prevent you from doing redundant work. Click this link to explore its features. To learn more about embedding dashboards into your application, refer to this blog and our help documentation.
I hope you now have a better understanding of Bold BI and how it can help the healthcare industry be more successful. You can create any kind of dashboard you like with Bold BI’s 35+ widgets and 130+ data sources.
Get started with Bold BI by signing up for a free 15-day trial and create interactive business intelligence dashboards. You can contact us by submitting questions through the Bold BI website or, if you already have an account, you can log in to submit your support questions.