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Data drives the future of physician practice management

Insight Article - April 7, 2022

RVUs

Health Information Technology

Data Analytics & Reporting

Elizabeth Simpson
M. Davis Creech
This whitepaper was created to outline best practices for measuring, reporting, and building a constant stream of key performance indicators related to your physician network.

Making sense of the data and understanding its implications becomes much easier through effective reporting, enabling management to make more informed strategic decisions. We recommend using consistent metrics across audiences, from practice managers to executives. However, each audience should be provided with varying levels of detail to best support their job function.

Visualization of key data points compared to external benchmarks will enable your team to respond quickly to identified inefficiencies or opportunities related to your physician enterprise. Executives, directors, and practice managers should always be on the same page and looking at similar data on a regular cadence. Level of detail should be specific to each audience while providing meaningful insights on overall network performance.

The whitepaper was developed by HSG Advisors with input from MGMA and is free to all.

Download the whitepaper now (PDF)



 

About the Authors

Elizabeth Simpson
Elizabeth Simpson
Senior Manager HSG Advisors

M. Davis Creech
M. Davis Creech
Director HSG Advisors
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