Benchmarking Success: The Essential Guide for Group Practices

Benchmarking through the interpretation and communication of medical practice data is a necessity in today's health care environment, but how does a practice truly measure and evaluate its "performance"? To lead a successful practice, administrators and physicians must ask and answer several questions: How does my practice compare with others and what ratios and formulas should I use for comparison? How profitable and productive is my practice and what performance metrics should I review and use to improve performance? Packed with tools and performance indicators, this book shows you how to find practice-specific factors to help determine the right goals and benchmarks for your group.