Financial Management Tools

Lessons for Financial Success
Take a crash course in practice management 101 with free online tools for physicians and administrators to improve quality of care while becoming more financially efficient.

Physician Billing Process Self-Audit
Use this self-audit to discover if you're leaving money uncollected.

Revenue diversification scorecard 
Rate your organization's preparedness for revenue diversification

MGMA Member-Only Tools  (Join MGMA)

• RAC appeals navigator
• Download the Patient Touch Points for Clean Claims Toolkit
  
• Billing Collections, coding and RVU help in the MGMA Support Center
  
• Financial Management FAQs
  
• MGMA Practice Dashboards
  Fast and easy tools you can use to graphically compare your practice's performance data to national norms
  
• RVU Calculation Tool 
  Calculate adjusted wRVU benchmarks instantly
  
• Payer Evaluation Spreadsheet 
  Calculate your payers' performance
  
• Using the Medicare physician fee schedule
 
• Using utilization data from the National Center for Health Statistics
  

Billing

• Picking the Right Physician Coding/Billing Online Reference Service
  This white paper identifies 22 benchmarks (also provided in checklist format) for judging online reference services that seek to fulfill the needs of freestanding and hospital- or health system-affiliated medical practices. 
  
• Billing Process Checklist
  A checklist for filling claims forms correctly to increase likelihood of payment
  
• Selecting a third-party billing entity
  Answer this questionnaire to help determine the right billing entity for your practice
  

By Specialty

• Evaluation and Management (E/M) Data by Specialty 
  Reduce your practice's financial and legal risk by comparing E/M coding patterns to benchmarks
  
• Anesthesia: Estimating Hospital Facility Stipends Tool
  Calculate the stipend your group may require to successfully provide anesthesia services at hospital facilities
  
• Success Stories from Outstanding Orthopedic Practices
  Insight from top-performing orthopedic surgery practices on improving areas where you already succeed
  
• Ambulatory Surgery Center Data Gateway Tool
  The Data Gateway is the first step in benchmarking your ASC using data from the MGMA 2009 ASC Financial Performance Survey.
    

All practice management tools