Benchmarking Success: The Essential Guide for Group Practice

Softbound Book: 276 pages
ASIN 1568292899
978-1568292892
MGMA
March 2008
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Benchmarking is possible without a degree in statistics, with this resource.

Benchmarking through the interpretation and communication of medical practice data is a necessity in today's business environment. But how does a practice truly measure and evaluate its performance?

To lead a successful practice, administrators and physicians need to be able to ask and answer key questions:

How does my practice compare with others?
What practices should I compare ours to?
Which ratios and formulas should I use for that comparison?
How profitable and productive is our practice, really?
What performance metrics should we use to improve our performance, our productivity or our profitability?

This resource is packed with tools and performance indicators you can use. It shows you how to use practice-specific factors to help determine the right goals and benchmarks for your group.

Medical Group Management Association, founded in 1926, is the nation’s principal voice for medical group practice. MGMA’s 19,000 members manage and lead more than 11,500 organizations in which more than 237,000 physicians practice. MGMA’s core purpose is to improve the effectiveness of medical group practices and the knowledge and skills of the individuals who manage and lead them. MGMA headquarters are in Englewood, Colorado.

(information about this publication has been provided by the publisher)

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