decisionhealth Newsletters, Part B News - 2014 Issue 11 (November)
Key metrics of better-performing practices to ensure your success
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Article Overview
This article summarizes practice-success metrics highlighted by MGMA and places them in the context of physician group benchmarking, revenue cycle performance, staff utilization, patient experience initiatives, and organizational integration trends. It is useful for practice administrators, medical group managers, and healthcare leaders who want a high-level view of the kinds of operational measures and strategic issues discussed in MGMA benchmarking materials.
Why This Topic Matters
Understanding which operational and organizational factors are being tracked by peer practices helps medical groups compare performance, identify management priorities, and follow broader consolidation and membership trends in the healthcare industry.
What You Will Learn
- The broad categories of operational indicators associated with stronger practice performance
- How MGMA benchmarking information is used to frame practice management priorities
- Why revenue cycle, staffing, and patient experience measures are commonly monitored
- What the article suggests about practice integration and membership trends in medical group organizations
Who Should Read This
- Physician practice administrators
- Medical group managers
- Healthcare executives
- Revenue cycle leaders
- Practice operations staff
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