XiFin Business Intelligence
Get the most from your data
Since the system is cloud-based and built on a world-class infrastructure that is powered to handle the demands of healthcare providers, you’ll have easy access to business performance and key metrics, whenever and wherever you need them.
Contact Us"Without trusted data, providers will be unable to make the informed decisions required to boost performance, bring in revenue, and improve outcomes."
Business Intelligence Is Mission Critical
To effectively manage business decisions and optimize clinical outcomes, diagnostic services providers and specialty physician groups must be able to precisely measure results and compare them to internal goals and industry benchmarks.
This can be especially challenging given the complexity of data, and the ever-changing reimbursement and regulatory demands placed upon service providers.
As part of XiFin RPM, every customer gains access to XiFin Business Intelligence (BI) - an enterprise-grade data warehouse and reporting application that gives leaders visibility into metrics and key performance indicators.
Features of XiFin Business Intelligence
XIFIN Business Intelligence is cloud-based and built on a world-class infrastructure that is powerful enough to handle the demands of healthcare diagnostic and medical providers.
Housed in a secure HIPAA-compliant environment with built-in redundancy, XIFIN data provides enterprise-grade BI that gives you access to the information you need, when you need it, to make the best financial and clinical decisions.
And because the system is built on the XIFIN cloud-based platform, service providers of all sizes can now cost-effectively access enterprise-level business intelligence.
XIFIN BI helps you get the most from your data. You’ll have easy access to the knowledge you want about business performance and key metrics at your fingertips whenever and wherever you need it.
XiFin Delivers the Essential Components of Effective Business Intelligence
Financial Dashboards and Scorecards
Achieve full visibility into financial performance and track KPIs. Powerful performance management tools like strategic scorecards holistically capture your organization's performance from several vantage points on a single page.
Data Discovery
View contextual details related to the data elements by drilling up or drilling down in the summary reports.
Auditable Reporting
Be audit-ready with reports that have financial integrity and address unique financial nuances of healthcare reimbursement, including retrospective analysis of prior periods. Reports are built on a financial foundation that is GAAP and SOX (Sarbanes-Oxley) Compliant and addresses PAMA and FASB 606 accounting requirements.
Self Service
With XiFin, your organization is no longer dependent on data analysts or IT support to develop new reports or customize views. XIFIN’s ad hoc reporting capabilities enable business users to access quickly and easily the specific data desired.
Operational Reports and Benchmarking
Achieve full visibility into operational performance and set on-screen visual notifications if metrics fall below target thresholds to take immediate action. Compare your organization's performance to segment averages, and best-in-class benchmarks, derived from the more than $40 billion worth of claims billed through XiFin RPM annually.
Information Lifecycle Management
For BI to have maximum utility, it needs to be available at the right time – some metrics need to be real-time, while other data can be updated weekly, monthly, or even quarterly, XiFin helps manage this data lifecycle to keep information appropriately refreshed automatically.
Information Is Power.
Visibility & Transparency are Priceless.
This BI booklet will provide you with insight into how to effectively manage your business and make decisions about what needs to change by having the ability to precisely measure results and compare them to internal goals as well as industry benchmarks.
Advanced Analytics Options Transform Insights into Action
Specialized Data Models
Next-generation business intelligence means that data is organized in specific ways to allow better visualization and analytic analysis.
Analytics and Visualizations
We understand that analytics and data visualizations are essential. Built using Tableau software, XiFin BI options include operational- or productivity- specific analytics, executive-level guided analytics, and KPIs as well as subject-specific visualizations such as accession lifecycle or test level analysis. Pre-set visualizations can be easily modified using the numerous drop-down menus or filtering capabilities. Options also include self-guided analysis capabilities and the freedom to explore the data as well as the ability to amend visualizations or create new visualizations from scratch with drag-and-drop functionality.
AI-enabled Analytics
Data scientists are essential to turning business intelligence into actionable insights through analytics. Revenue cycle management data is incredibly complex. Let the XiFin team help you determine how AI can be used with your data. AI can support better business decision making and even point out the optimum workflow automation configuration. Want to leverage this capability? XiFin has you covered.
Data Exportation
XiFin knows you need to be able to see your data and work with it how you want to. So we make it easy to export the data when, where, and how you want it while maintaining security and compliance.
Integrate Other Data
XiFin makes it easy to incorporate additional data sources. By federating, source data is maintained in its native system — which ensures a single basis of truth and eliminates data synchronization issues
XIFIN RPM Advanced Analytics
Actionable Insights Is Transformative
This eBook describes the operational and financial analytics available through Tableau driven workbooks specifically designed for consumption by C-level executives, finance, billing and revenue cycle leaders, and departmental managers.
Flexible Reporting and Analytics Options to Choose From
| XIFIN RPM - Business Intelligence Options | Standard | Essentials | Executive | Enterprise | Expert |
|---|---|---|---|---|---|
| Auditable (GAAP/Sox compliant, addresses PAMA and FASB 606 requirements) | |||||
| Business Intelligence software – SAP Business Objects | — | — | — | — | |
| Broad set of standard reports, financial analysis, monthly metrics, quarterly benchmarks and KPIs based on closed month data | — | — | — | — | |
| Sophisticated financial data models | |||||
| Robust XIFIN-managed data warehouse | |||||
| Highly secure and reliable data storage | |||||
| Optimized storage for fast report generation with large data sets | — | ||||
| Subject-specific data sets | — | — | — | — | |
| Weekly operational visualizations that depict productivity by order entry, posting, and EP errors fixed as well as essential executive metrics such as volume, cash, and top denials codes | — | — | — | — | |
| Subject-specific workbooks and dashboard: claim lifecycle, error processing exploration, and test-level analysis | — | — | — | — | |
| Self-service reporting and analysis – ability to add different dimensions and measures | — | — | — | CUSTOM | |
| View-only Tableau licenses – The visualizations within the Executive package can be changed via drop-down menus and filters only. The visualizations within the Essentials package are view only and cannot be modified | — | 2 | 5 | 3 | CUSTOM |
| Explorer Tableau licenses – significant flexibility to create visualizations or modify existing | — | 0 | 0 | 2 | CUSTOM |
| Consultative visualizations, analytics (at multiple levels), and on-demand KPIs, including denials, paid units, price per accession, price per unit, proximity risk, reimbursements, throughput, and write-offs | — | — | — | — | |
| Custom data set and custom visualizations | — | — | — | — | |
| Ability to federate other data sources | — | — | — | — |
Interested in our Advanced Analytics and AI Options?
See What Our Customers Are Saying
Chris Watts
VP, Revenue Cycle Management
Cordant Health Solutions
Dominic Weilbaecher
Former VP, Reimbursement & Revenue Cycle
Pathnostics
Learn More From XIFIN's Business Intelligence and Financial Operation Experts
Liya Wu, Director of Information Engineering, explains the versatility of the different Business Intelligence product solutions and how they benefit XIFIN clients.
Catherine Theodore, Senior Customer-Facing BI Engineer, explains the steps that XIFIN Business Intelligence takes in assisting customers, ensuring they receive the most out of the system with the least amount of effort.
Tammy Lawrence, Associate VP Financial Operations, discusses the unique analysis and controls XIFIN provides, including an end-of-month general ledger-ready financial package.
"We developed a substantial data warehouse with enterprise-level analytics because a lot of the larger laboratories had problems really synthesizing all the financial data.
Now, they can integrate payroll, inventory, and cost data. Plus, the business analytics produce the type of reporting that's required not only for internal management but for external management as well.
You can look at the data in terms of normal or abnormal results, in a really targeted fashion."
