SOLUTIONS   Performance Management

Since its introduction by Norton and Kaplan in the early 90’s the Balanced Scorecard performance improvement tool has been used to build value in a majority of the fortune 1000 companies. Many leading hospitals in the United States and Canada have also adapted this approach in their quest for excellence. Medisolv provides hospitals with a robust yet flexible Balanced Scorecard solution. The solution includes a comprehensive set of standard indicators along the most important “Dimensions” of performance.
These include:

- Customer
- Financial
- Internal Processes
- Employees
- Clinical Excellence
- Medical Staff

These dimensions are completely customizable and extensible to match your own strategic plans. With our software tools you can set your own Goals/Targets for any indicator and even create new indicators from your data. Executive Dashboards with strategic indicators and Managerial Dashboards with tactical/operational indicators and color coded Scorecards can be created within minutes.

Although the Balanced Scorecard (BSC) is one of the best ways to map your strategy to Key Performance Indicators (KPI’s) its successful implementation requires a significant commitment to change throughout the organization. Hospitals not ready to make that level of commitment still have a need to measure and monitor important KPI’s. Our performance management solution allows you to do this without having to implement a full blown Balanced Scorecard. You may choose to monitor any of the predefined Clinical, Financial or Administrative indicators or build user defined indicators with the tools provided. Custom Dashboards can be created to graphically monitor these indicators.

Ask a Medisolv account executive at 443-539-0505, ext 30 or email us at sales@medisolv.com to find out more about how Medisolv help you in your Key Performance Indicator (KPI) management.