For more than 50 years, MGMA has conducted annual surveys that focus on revenues/expenses, provider compensation and production, management compensation and group performance for medical and academic practices. Executives use our surveys as a source of critical benchmark information and contribute to the success of medical group practices nationwide.
Why benchmark?
Benchmarking facilitates understanding of what physicians do and how your practice performs compared to similar practices. It relies on measurement, comparison and metrics to facilitate management. Because benchmarking measures performance at different times, it’s an important tool for observing changes in practice or physician activity. Knowing how peers code procedures, or that other practices are more cost-effective, can persuade administrators, physicians and others to implement change.
What is the chief benefit of MGMA survey reports?
Practice comparison with similar practices – one of the first steps in evaluating organizational performance and one of the best ways to identify problems and opportunities for improvement.
What are some of the data applications used by medical practices?
Many practice administrators use the data to audit their practice performance. Practices refer to MGMA survey reports nearly every day to help develop budgets and business plans, facilitate organizational change, launch strategic initiatives and illustrate organizational performance.
Why should my organization participate in MGMA surveys?
Participants (MGMA member organizations) receive the reports free of charge. You get a custom practice-comparison report for each survey you complete. Certain survey participants also receive a $200 discount on our interactive reports ($350 discount for network users). We arethe leading provider of practice management data, a trusted source of information. Take advantage of your MGMA membership to receive discounts on survey reports. Not a member? Join today.
Participants (MGMA member organizations) receive the reports free of charge. You get a custom practice-comparison report for each survey you complete. Certain survey participants also receive a $200 discount on our interactive reports ($350 discount for network users).
We arethe leading provider of practice management data, a trusted source of information. Take advantage of your MGMA membership to receive discounts on survey reports. Not a member? Join today.
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