"If you're the smartest person in the room, you’re in the wrong room".
This is the guiding philosophy for why we created the MGMA Better Performers dataset. Through benchmarking, a practice may establish they are doing well, but not fully realizing their potential – what they could
After we evaluated over 4,000 groups, 1,021 of them stood out above the rest in at least one of four focus areas: Operations, Profitability, Productivity and Value
. With the information in this dataset, you can unlock the door to the right
By the numbers
Running a business, especially in healthcare, is not easy. Keeping heads above water and staying out of the red is a well-deserved cause for celebration. With this dataset, it’s important to remember that these examples are the exceptions, not the rules. But if you are in a position where you can actively commit to advancing excellence, this dataset is your North Star
Out of 10 specialties or three specialty rollups, the difference between better performing groups over all others, on average, are:
- 8% in total compensation
- 17% in work RVUs
- -9% in operating costs
- 43% in total medical revenue after operating costs
- 4 days sooner for next available appointment (new patients)
- 2.5 days sooner for next available appointment (established patients)
- -2.5% claims denied on first submission
- -3% appointment cancellation rate
We can confidently say that if we were running a practice, we would welcome differences like these. Imagine what else this unique dataset can illuminate for your organization?
What does it take to be a Better Performer?
A practice can be a Better Performer by achieving success in four main areas - but not just any success. They must fit into the top percentiles nationally in one or all of the four evaluation areas that serve as the levers of best outcomes:
Download full criteria
How to access this data:
Access to the Better Performers dataset is limited to those who contribute data
to our 2019 Compensation & Production (both provider and management and staff portions), Cost & Revenue and Practice Operations Surveys OR purchase the 2019 MGMA DataDive All Surveys dataset. Those with All Access Organizational Memberships will also be able to access.
MGMA DataDive Resources