MBX Medical Billing Experts, LLC (MBX) announced today the release of APEX Business Intelligence (Apex BI) for its clients, a powerful healthcare data analytics tool that enables organizations to maximize financial performance by providing timely knowledge and easy-to-use customizable dashboards that deliver analysis of virtually any quantifiable metric in the practice management system. Apex BI eliminates the need to spend time manually compiling information; its data visualization tools easily track performance, identify problems and recognize areas of inefficiency.
“The executive dashboards are a huge help to our clients,” said Jeff Fox, Vice President of Operations at MBX. “They are finding that being able to compare their practice’s performance against industry benchmarks is enabling them to make faster and more accurate operational decisions, allowing them to continuously improve revenue cycle management.”
Apex BI allows an organization’s data to be compared across time periods, locations, and physicians. Dashboards can create a macro view of performance, and then be used to focus on details such as charges by post-date, payments by post-date, average payment per procedure, and other metrics useful to identify underperforming areas and operational gaps.