Finance handling in a medical laboratory business requires more than just manual efforts from accounting teams. When we correctly utilize solutions for the diagnostics business, they provide meaningful analytics. These analytics streamline financial data to derive insightful information that helps you manage the day-to-day business efficiently.
CrelioHealth’s multi-view finance dashboard eliminates all the work in between by directly providing you with all the vital financial information in a single visual. The dashboard is divided into five key parts of a lab business: Total Finance (Paid & Dues), Total Collection, Top Referrals, Top Organisations & Total Collection Day-Wise. Additionally, you can also see the end-to-end finance insights of each center with just a click.
What Is a Lab Finance Dashboard?
A lab finance dashboard is a single screen that turns billing and collection records into live totals and charts. It shows what was billed, what was collected, and what is still due, by center, by client, and by day. The owner reads the position of the business without waiting for an accounts summary.
Let’s focus on the dashboard later. First, let’s actually understand how the dashboard helps your diagnostics lab overall.
How Can A Multi-View Finance Dashboard Be A Business Solution?
A multi-view finance dashboard can solve these problems for your medical lab business –
Monitoring & Auditing Takes Several Hours
Finance, being a crucial part of the business, requires dedicated efforts to tally and conclude the final numbers. Extracting the right figures, monitoring, and auditing take as much time as the size of the business. With more accounting to do manually, errors are inevitable. Or are they?
We give you a ready-made visual where you just have to sit back and verify the details without putting in any effort!
Locating Leakages In The Financial Flow Is Tough Or Nearly Impossible
When you have the right information at your fingertips, tracking it with feasible documents like MIS reports becomes easier. If you lack any sort of information like bills or invoices, it might lead to untraceable leakages, reducing your overall accounting accuracy over time.
We help you locate relevant information with just a click!
Guesswork Can Lead To Business Hazards
When they are unsure of the exact financial numbers, businesses often take an estimated value to fix & plan ahead. This might keep you away from any bad debts that exist, which later become unexpected expenses.
Our dashboard offers end-to-end visuals that eliminate all guesswork to avoid business hazards. Furthermore, it directly helps you improve business outcomes effectively.
CrelioHealth Multi-View Finance Dashboard: Overview
- Multicentre view on a single screen
- 5 main areas of your lab’s financial interest displayed
- Add filters to get relevant information
- Get more info with a click on sub-areas
- Learn, monitor & plan easily
How to Read the 5 Views: The Question Each One Answers
|
Dashboard view |
Question it answers |
Act when |
|
Total Finance (Paid and Dues) |
How much of what we billed is still unpaid? |
Dues grow faster than billing |
|
Total Collection |
How much cash came in, and through which mode? |
Collection falls while billing holds |
|
Top Referrals |
Which doctors send the most business? |
A regular referrer drops down the list |
|
Top Organisations |
Which B2B clients drive revenue and dues? |
One client holds a large share of dues |
|
Total Collection Day-Wise |
Which days ran below normal? |
A weekday dips with no known reason |
Business Advantages
- Helps eliminate gaps in the daily flow to improve business performance
- Manage & eliminate bad debts & dues to plan ahead efficiently
- Know day-wise collections and work & take immediate action on the pending ones
- Increase your ROI by associating with the best-performing businesses
- Improve business relationships & enhance client retention
A 10-Minute Daily Review on the Lab Finance Dashboard
A dashboard changes outcomes only when someone opens it on a schedule. This routine fits into the first ten minutes of the day.
- Yesterday’s collection: Compare it with the same weekday last week, center by center.
- Dues movement: Check whether total dues rose or fell since the previous morning.
- Top organisations: Open any client whose dues climbed and confirm a reminder went out.
- Top referrals: Note any regular doctor missing from the list and tell the sales lead.
- One follow-up: Pick the single largest gap and assign it to a named person today.
Financial Dashboard Software for Clinics and Labs: 6 Checks Before You Choose
Clinics and diagnostic centers comparing financial dashboard software should test it against how money moves through a lab.
- Live data: Figures should update as bills are raised, not after an overnight sync.
- Center filter: Every chart should be viewable for one center or for all together.
- Drill-down: A click on any total should open the bills and clients behind it.
- Dues by client: Outstanding amounts should appear per organization and per doctor.
- Role-based access: Managers should be able to see their center, and owners the whole business.
- Mobile view: The same numbers should be readable on a phone without any export.
Frequently Asked Questions About Lab Finance Dashboards
What is a lab finance dashboard used for?
It gives owners and managers a live view of billing, collections, and dues without compiling reports. Typical uses are daily collection review, tracking dues by client, spotting a drop in referrals, and comparing centers side by side.
Which metrics should a lab finance dashboard show?
At minimum: total billed, total collected, and total dues, collection by payment mode, day-wise collection, top referring doctors, and top organizations by revenue and outstanding amount. Multi-center labs also need each metric filtered by center.
How does a dashboard help find financial leakage?
It shows the gap between billed and collected amounts as it forms. A center where dues rise faster than billing, or a day where collection dips without a drop in patients, points to bills that need checking.
Can clinics use financial dashboard software built for labs?
Yes, when the clinic runs an in-house lab or diagnostic services. The same views apply: collections, dues, and referral sources. A clinic with consultation and pharmacy billing should confirm those revenue streams can be included before choosing.
How often should lab owners check the finance dashboard?
Daily, for about ten minutes. Review yesterday’s collection against the same weekday last week, the movement in total dues, and any client whose outstanding amount grew. Weekly, add a center-by-center comparison and a look at referral trends.
