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Foundational benchmarks and KPIs for medical practice …

WEBFocusing on revenue cycle optimization amid rising costs and reimbursement challenges is a top priority for most medical groups in 2023, and using …

Actived: 2 days ago

URL: https://www.mgma.com/articles/foundational-benchmarks-and-kpis-for-medical-practice-operations-in-2023

Stress and burnout a growing concern for healthcare leaders

WEB9/7/2022. Christian Green, MA. The Medical Group Management Association’s most recent MGMA Stat poll asked healthcare leaders, “Has your level of stress and/or burnout …

Category: Medical Go Health

6 keys to addressing denials in your medical practice’s

WEBAccording to Change Healthcare’s 2020 Revenue Cycle Denials Index, the average denial rate has risen 23% since 2016 and a sizable 11% just since the start of …

Category: Health Go Health

The journey of leadership learning in healthcare

WEBCOVID-19 caused a dramatic shift in the focus of healthcare and increased the demands on healthcare workers. 1 It was imperative for healthcare leadership to …

Category: Health Go Health

Inclusive leadership in healthcare: Because no one is big enough

WEBMayo Clinic’s founder, Dr. William Worrall Mayo, said, “no one is big enough to be independent of others.”1 This sentiment is especially poignant when speaking about …

Category: Health Go Health

How medical practices are adapting to the surge in demand for

WEBA Sept. 27, 2022, MGMA Stat poll reveals that about 3 in 10 medical practices (30%) are looking at adding or expanding behavioral health services in the coming year. The poll, …

Category: Medical Go Health

A holistic approach to improving care for underserved

WEBA year of pandemic forced everyone in the healthcare community — payers, providers and patients — to consider their role in care delivery. As COVID-19 case numbers dwindle …

Category: Health Go Health

Principal principles: Critical accounting and financial concepts for

WEBStrategy 1: Integrating six pillars of accounting. Strategy 2: Understanding the three financial statements. Strategy 3: Defining cost terminology. Strategy 4: …

Category: Health Go Health

Healthcare mobility trends with the greatest potential to impact

WEBThe proliferation of mobile devices is bringing about transformative changes in the healthcare industry. According to Zebra Technologies’ hospital vision study, by …

Category: Health Go Health

MGMA Data Reports

WEBThe July 2022 MGMA data report, Maintaining Margin in the Inflation Era, reflects key findings from the 2022 MGMA DataDive Cost and Revenue data set, with data from …

Category: Health Go Health

Lean Six Sigma in healthcare improvement

WEBLSS combines Lean Thinking and Six Sigma, which could provide healthcare management and leadership the tools they need to improve processes and …

Category: Health Go Health

Transitional care management improves patient outcomes, …

WEBA cohort study in 2018 analyzed all eligible Medicare discharges between 2013 and 2015 and found that between 31 and 60 days after discharge, TCM services …

Category: Health Go Health

Patient no-shows pose concern amid medical practice staffing

WEBLack of appropriate staffing to handle higher volumes. Patients opting against visiting due to financial concerns amid rising inflation and consumer costs. Appointment …

Category: Health Go Health

Digital check-in can boost patient satisfaction and practice

WEBFor some practices, reducing wait times through automated check-in could also help mitigate the number of disruptive patients, which according to a Jan. 4, 2022, …

Category: Health Go Health

Managing the impact of healthcare data breaches on your …

WEBThe costs associated with data breaches are not to be underestimated. According to IBM's 2022 Cost of a Data Breach Report, the average total cost of a data …

Category: Health Go Health

Advanced practice providers remain key features of medical

WEBAn April 11, 2023, MGMA Stat poll found that these projections are right on track, as nearly two out of three (65%) medical groups plan to add new APP roles in 2023, versus only …

Category: Medical Go Health

MGMA letter to OCR on Change Healthcare and breach …

WEBApril 25, 2024 Melanie Fontes Rainer Director Office for Civil Rights Department of Health and Human Services Room 509F, HHH Building 200 …

Category: Health Go Health

Six economic theories that drive patient decision-making

WEBTo gain a competitive advantage in healthcare, “you must first understand how economic principles and individual biases shape patients’ purchase decisions,” according to Tom …

Category: Health Go Health

Best of both worlds: Hybrid concierge medicine can be a long …

WEBBy integrating hybrid concierge medicine into their practice, physicians can offset some of the issues that can arise in a traditional model. “When you are concerned …

Category: Medicine Go Health

Is employing physicians a smart strategy or a financial bubble

WEBAs inpatient margins continue to shrink, and health systems report the need to cut staff and “tighten their belts” to offset system-wide losses, we need to ask if …

Category: Health Go Health

Why physician-owned practices breakeven or make a profit

WEBPart 2 of the series: Examining Losses in Health System Physician Practices As discussed in the first installment of this article series about practice losses, the …

Category: Health Go Health

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