MGMA DataDive Financials and Operations Data

DataDive - September 30, 2020

Benchmarking Data

Discover relationships between revenue cycle and operational benchmarks with the most robust data in the industry.

MGMA DataDive Financials and Operations is your go-to resource for determining how operational measures may affect practice expense, revenue, and staff. With it, you can access multiple filter breakdowns that represent over 1,000 practices in primary care, nonsurgical, surgical and multispecialty practices.

Regarding COVID-19

2020 MGMA Financials and Operations is based on 2019 data and reflects information prior to COVID-19 that continues to affect practices in 2020. The reported data is a baseline for benchmarking 2020 operations. Moving forward, MGMA will consider adjusting the data collection to capture the new norm of medical practice operations.

What is MGMA DataDive?

MGMA DataDive is healthcare's most reliable benchmarking resource that has been helping professionals and organizations, large and small, determine how they fare in the marketplace. Across multiple datasets, organizations like yours can pinpoint success and opportunity with side-by-side comparisons of your performance vs. others. The online format makes it incredibly easy to access and adopt.
MGMA DataDive Resources

What is MGMA DataDive Financials and Operations?

It is a hybrid dataset that combines elements from our Cost and Revenue and Practice Operations datasets. Similar to the Cost and Revenue dataset, you'll be able to view different benchmark categories such as expenses, staffing, and revenue and filter them out by prompts reported in our Practice Operations dataset, relating to budgeting, satisfaction surveys, and services offered. Access is open to those with MGMA DataDive All Surveys or Organizational Membership All Access.

What can it do for me?

The MGMA DataDive Financials and Operations dataset provides a detailed outline of how implementing certain programs can increase overall revenue within your organization. For example, we've found that most practices with employee appreciation programs report earning more in total medical revenue and spending less in operating expenses when compared to all responding practices. More specifically, multispecialty practices that have an employee appreciation program report earning over $85,000 more per FTE physician in total medical revenue when compared to all responding multispecialty practices. See the difference in your revenue cycle based on:
  • Centralized billing, scheduling, and registration services.
  • Budgeting plans
  • Patient and provider satisfaction surveys
  • Administrative meet frequency
  • Improved wait times
  • And much more!

This is just a glimpse.

We can only show you the surface. To see what else MGMA DataDive Financials and Operations has to offer, including a full list of benchmarks and filters, get in touch with us today by completing the form on this page.

We look forward to hearing from you.


 

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