Medical Practice Scorecard

The Medical Practice Scorecard is a ready-to-use tool, pre-populated with KPIs for healthcare facilities, grouped by objectives and Balanced Scorecard perspectives. It illustrates the application of the BSC concept at strategic level and can be employed as part of the Medical Practice performance management system. As a performance management tool it assists in monitoring the alignment of organizational objectives with KPIs and in tracking their achievement.

Medical Practice Scorecard Components

• The Scorecard - represents a catalogue of the Key Performance Indicators (KPIs) used by the organizationa in heathcare institutions in order to manage and measure their strategic performance. The KPIs are grouped in the four traditional perspectives of the Balanced Scorecard, each containing objectives and KPIs that describe and assess the performance of the organization from these perspectives:

- Customer: how do our customers see us?

- Financial: how do we satisfy the financial expections of the shareholders?

- Internal Processes: at what processes do we have to excel?

- People, Learning & Growth: can we continue to improve and create value?

• Helicopter view data - contains the performance indicators that offer a broad perspective on the healthcare facilities' activity and status, such as the number of employees.

• Data repository - tab used to collect performance data for KPIs and list the targets and tollerance limits established for them.

• KPI catalogue - the repository of descriptive data characterizing each KPI monitored in the Scorecard. Each KPI is documented based on the best practice KPI documentation template proprietory to smartKPIs.com and available in the smartKPIs Premium section of the website. There are over 30 fields of metadata specific to each KPI, from KPI name to definition, subordinate measures, calculation formula, etc.

• KPI description - presentation page for each KPI, in a print friendly format, enabling clear communication around it by making it specific and inteligible for everyone using it.

• KPI record - graphical representation of historical results and comments for each KPI, together with aditional notes.

Why use the Medical Practice Scorecard

• "Intelligent" reporting - communicating "why", mostly for strategic decision making;
• Understanding the context of key scores and the way they influence achievement of strategic outcomes;
• Linking the cause-effect strategy map to the dynamic directions of the organizations in healthcare industry;
• Aligning the activities within the healthcare institutions and the pursuit of the organizational strategy.

Customizing the Medical Practice Scorecard

• While pre-populated with thoroughly documented KPIs and other sample data, the template can be customized by customers for internal use within their organization;
• Renaming, adding new data into the spreadsheets and changing template design can be easily done without affecting the integrity of the template;
• A Medical Practice Scorecard Administrator Guide is included with each purchase, making template customization for the specific needs an easy process;
• Template customization support is provided by at cost by the smartKPIs.com team.

Buy now the Medical Practice Scorecard and benefit of this valuable resource immediately by downloading it electronically upon checkout!