BC Advantage - 2023 Issue 1

To Benchmark or Not to Benchmark: That Is the Question

Curiosity is both a blessing and a curse. Wanting to know how you compare to other practices can be so enticing that we are sometimes willing to accept assumptions that are not always supported by the evidence. How many patients a day should my provider be seeing or treating? What should I expect with respect to collections on copay amounts? How many hours (or FTEs) should my providers be reporting? How many work RVUs constitute an FTE physician? What should we be charging for our office visits? And on and on it goes.For many practices, these questions lead...

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