Medical Practice Management Body of Knowledge Review: Operations Management

Medical practice executives are at the center of responsibility for the operational aspects in the medical practice. the practice executive's ability to analyze, diagnose, and improve operational issues is paramount to the success of an organization. Whether building a business plan, leading practice improvement activities, establishing and coordinating the process of purchasing and asset management, demonstrating knowledge of industry benchmarks and best practices, or building a provider compensation that aligns organizational goals, the practice executive must master myriad skills and develop proper protocols to lead the operational functions in a medical practice. Managing a medical practice requires a set of technical skills and professional knowledge that are unique to the profession. The skills and knowledge needed in the Operations Management domain are critical for both the practice executive and the medical practice itself. By mastering the domain, the practice executive will be able to apply his or her talents to effectively lead the organization toward success.

MGMA equips medical practice leaders with the information and tools they need to thrive. At MGMA, we live our tagline every day and are committed to continuously advancing leaders and their practices. As the leading association for medical practice administrators and healthcare executives for nearly 90 years, MGMA provides the essential education, legislative information, and data and career resources to help improve patient services and operational efficiencies. Through our national membership and 50 state affiliates, MGMA represents more than 33,000 administrators and executives in 18,000 healthcare organizations in which 385,000 physicians practice.