News | July 13, 2008

Benchmarking Dashboards Offered Free to Group Practices

July 11, 2008 – ValuSource Software and Medical Group Management Association (MGMA) released two Web-based dashboards that enable physicians and group practices to enter a few variables about physician compensation and production and costs and compare themselves to national norms.

To gauge physician compensation and production, users select their specialty from a pull-down menu, enter information about compensation, collections, gross charges, ambulatory encounters, surgery/anesthesia cases and work RVUs. The dashboards compare that data to national norms and produce a series of six gauges that measure physician performance in specific areas (using a simple red-yellow-green visual score).

Similarly, to calculate how their practice costs compare to that of other practices nationwide, users enter variables detailing accounts receivable (A/R), medical revenue, support staff, and operating costs per physician.

With reimbursement down and practice costs rising, practices of all sizes can measure practice performance in order to enhance it.

For more information: www.mgmadashboards.com

Related Content

Glassbeam Announces New Clinsights Application Suite for Healthcare Provider Market
Technology | Analytics Software | June 10, 2019
Glassbeam launched Clinsights, a new revitalized application suite powered by artificial intelligence/machine learning...
Brazil's Santa Casa Hospital System Chooses Carestream for Unified Diagnostic Workflow
News | PACS | May 22, 2019
Santa Casa de Misericordia has selected Carestream to replace its legacy diagnostic workflow technology across all...
Life Image and Bialogics Analytics Partner to Deliver Imaging Business Intelligence
News | Analytics Software | May 21, 2019
Life Image and business intelligence analytics provider Bialogics Analytics have formed a strategic partnership that...
An illustration of radiology department analytics data showing GE Healthcare's business analytics software.
Feature | Radiology Business | May 03, 2019 | April Wilson
According to IBM, the world creates 2.5 quintillion bytes of data daily.
Sponsored Content | Videos | Enterprise Imaging | March 27, 2019
GE Healthcare Centricity Clinical Archive (CCA) Analytics, shown at ...
Carestream Health has signed an agreement to sell its healthcare information systems (HCIS) business to Philips Healthcare. Image by geralt on Pixabay

Carestream Health has signed an agreement to sell its healthcare information systems (HCIS) business to Philips Healthcare. This includes its radiology and cardiology PACS and reporting software. Image by geralt on Pixabay 

News | Radiology Business | March 07, 2019
Carestream Health has signed an agr
NVIDIA Explores Role of AI, Analytics and Virtualization in Healthcare at HIMSS19
News | Artificial Intelligence | February 13, 2019
Digital technology company NVIDIA will highlight its newest partnerships to advance the digital transformation of...
Hologic Launches Unifi Analytics Business Intelligence Tool
Technology | Analytics Software | February 12, 2019
Hologic Inc. announced the U.S. launch of Unifi Analytics, a business intelligence tool that allows healthcare...