For any chiropractor, one of the most complex tasks is analyzing the financial performance of their business. While some professionals also have an acumen for numbers, for others balancing the long columns of figures is very difficult. However, this is a task you must perform. Otherwise, you will never be certain whether you are making any money from your practice. This is why one of the latest additions to our chiropractic software is the financial performance and monitoring dashboard.
What Exactly Is the Value of Your Practice?
How do you know if you run a successful chiropractic business? Simply looking at your bank accounts is not enough. Your actual revenues are calculated after you pay your employees, utilities, and other expenses related to running your practice and the taxes. Plus, have you ever considered how many potential clients you are losing every week and every month? Lost business is also a hindrance to your success in business. And it must be addressed, now more than ever. This is why we continually improve and update our chiropractic software, adding useful business tools for you. In this article, we will discuss the reporting and analytics dashboard and show you how it works and why you should use it on a daily basis to monitor your business.
What Are the Key Elements of the Reporting Dashboard in the Chiropractic Software?
This dashboard is designed to give the owner of the chiropractic business a clear overview of their financial performance. The panel contains eight main sections:
- Follow Up
- Confirmed Accounts
- Completed Forms
- Unsubscribed Users.
Each section has a simple and easy-to-read graphic interface that shows you the evolution of each element over the period of time selected by the user. For each section, there are relevant sub-sections. The finance section, for example, contains the sub-sections: patients, canceled appointments, charges, and payments.
What Can You Learn from the Reports and Analytical Data?
The chiropractic software collects data from all its users: you, your employees, and your clients. Thus, it can generate useful reports showing you, among others:
- How many patients does your practice get over a specific period of time
- How many appointments were lost
- How many patients other practitioners working for you had
- How many patients unsubscribed from your newsletter?
These reports will allow you to evaluate the performance of your employees and how satisfied your patients are with your practice. This is the first step in the process of improving your services and evaluating your personnel.
How to Use the Data Presented by the Chiropractic Software
Just like when you treat patients, when you look over reports it is important to identify the warning signals that something is wrong from the very beginning. For example, if a long-term patient has unsubscribed from your newsletter, this may mean simply that they are no longer interested in chiropractic information. But it also may be a warning that they may consider leaving your practice. Also, when you have a growing number of canceled appointments, you must determine the cause for this. Are your patients unhappy with your treatment? Or do they have other issues, such as calling and not getting an answer from the reception desk?
Take Advantage of the Power of Artificial Intelligence
The chiropractic software developed by ChiroWebMD uses artificial intelligence (AI) for improved computing power. In the reporting and analytics function, the AI will perform optimizations on non-critical parameters, which will improve the way your practice operates. For critical business aspects, the system will recommend changes, such as in the frequency of reminders and newsletters. In this way, you will not only have a tool that generates reports, but also a smart assistant that helps you make the right decision for your business.
We created this chiropractic software using input and assistance from practitioners like you. Find out how it works and help us make it better: https://chirowebmd.com/