About Dr-SIR
Services
Benefits
Features
Perspectives
Why Dr-SIR?
Testimonials
FAQs

Got a Question?

Type your message:

Dr-SIR Financials

Conventional methods of calculating the profitability of a hospital typically assess, whether the hospital is making more money than its expenditures. Dr-SIR Financials unique way of determining the financial health of your institution is by evaluating how much ‘more’ the hospital can make by reducing its deficiencies.
Dr-SIR healthcare financial calculates costs from a unique perspective. It does so by calculating the cost of a single Work Unit in a given period of time.

Once the cost of a single Work Unit is calculated, Dr-SIR can provide following cost reports:

	Average cost per Work Unit in each department and specialty.
	Cost of each medical professional working in a hospital.
	Cost of each treatment.
	Cost effectiveness of each specialty, department and wards of a hospital.
	Case cost of each patient.

Dr-SIR provides management the actual cost that is incurred while performing treatment and diagnostic activities in each department/ specialty, such as:

	OPD cost of examination per patient.
	Cost while performing operations.
	IPD cost of stay per patient etc.

Dr-SIR healthcare financial enables you to examine cost structures of hospital and exercise fiscal discipline. It does so by providing performance-based hospital audit/ assessment for better decision making and fiscal discipline in order to keep your operational costs low.

Dr-SIR healthcare financial reports can determine whether revenue generated adequately facilitates the budgetary requirements of the hospital or budget allocations from stakeholders would be required for bridge financing in case of an anticipated short fall.

Dr-SIR healthcare financial also delivers transparency across your financial operations for your stakeholders as it provides a clear picture of the costs and expenditures. This transparency and accountability is exceedingly important for all the regulating agencies and other stakeholders in the healthcare sector.

Pay for Performance

Pay for performance is a prominent healthcare issue. However a comprehensive Pay for Performance solution has been elusive till now as the cumulative nature of healthcare makes it difficult to isolate and reward an individual professional’s performance. Dr-SIR is a performance evaluation and management software, which quantifies an individual medical professional’s performance in Work Units and provides a comparative performance analysis against industry benchmarks to separate the lemons from the peaches. Dr-SIR Pay for Performance solution offers timely analysis of performance against standard professional efficiency benchmarks.

Administrators can make better decisions because they will know if a medical professional (by providing his/ her services) is profitable for the hospital or not. For example, if a doctor is getting a salary of $100,000/ year and his work output generates only $80,000/ year, then he is incurring a loss of 20,000/ year to the hospital.