MGMA DataDive Financials and Operations Data

A single solution for practice performance clarity

Utilize the Financial and Operations data set to gain precise insight into appropriate head counts to maintain or increase profitability, which might even mean adding, not reducing, staff. Even determine how much you should be spending on staff and other general operating costs and what you should get in return for productivity and profitability. 

The important insights you gather comparing key performance indicators (KPIs) like hours of operation, wait times, appointment availability, call volume and much more can easily lead to high patient retention and lower employee turnover. These insights are essential to the progress of healthcare practices.

Filter the data to benchmark your practice's financial health and operations 

The data set lets you segment between hospital and physician ownership. It is filterable across numerous patient, physician and operations benchmarks, allowing you to make proper apples-to-apples comparisons. 

• Staffing ratios
• Accounts receivable
• Practice expenses and revenue
• Payer mix

Position roll-ups make it easy to organize your staff, including: 

• Business support staff
• Front office support staff
• Clinical support staff
• Ancillary support staff

Capture metrics on KPIs in these areas:

• Value
• Scheduling
• Patient portal
• Call center
• Billing 
• Demographics
• Turnover & hire rates

Measure customer experience through insights such as:

• Claims data (including claims posted, claims denied and charge posting lag time)
• Patient portal usage
• Call center data (like call volume and call abandonment rate)

Filter benchmarking data by: 

• All practices
• Geographic section
• Number of FTE physicians 
• Organization ownership
• Practice specialty
• Ownership type
• Geographic region
• Organization size
• Total medical revenue
• Specific ACOs and PCMHs data

Go beyond benchmarks and filters with advanced analysis tools:

• Compare your organization's data with MGMA data
• Gain deep insight into fine data points like five-year data trends and roll-up specialties
• Custom specialty builder
• Percentiles between 10-90
• Trend
• The Quartile Tool
  • Identify relationships between multiple benchmarks
  • Partition by benchmarks including highest and lowest performers, staffing, revenue and expenses

See DataDive Financial and Operations in action

This only scratches the surface of the potential insights this powerful data set can provide. To get the full picture, including a complete list of benchmarks and filters, fill out the form to the right, and a DataDive expert will contact you to walk you through our demo.