Olympic Medical Center to track key data through new dashboards

Olympic Medical Center is strengthening oversight of its finances and performance through new data dashboards that will track patient volume, staffing and clinical quality as the hospital marks regaining full compliance with Centers for Medicare and Medicaid standards.

Interim chief financial officer Dennis Stillman presented to commissioners a draft of a financial dashboard designed to monitor key metrics, including days of cash on hand, long-term debt, accounts receivable, salaries and benefits, emergency department visits and inpatient admissions. Reports will be shared with the board and finance committee on a monthly basis.

He said tracking patient volumes — such as admissions, outpatient procedures and emergency visits — is a critical component of managing OMC’s financial health.