FINANCIAL BENCHMARKING
“If you can’t measure it,
how can you improve it?”
Practice managers and owners often work in isolation, and there are few tools or resources that allows them to measure how well the business is performing, relative to other medical centres.
Benchmarking their financial information provides a platform for change management by allowing them to develop key adjustments across a variety of operations.
Access to benchmarked financial and operational information will be crucial for business improvement, leading to better clinical outcomes, improved efficiency and financial sustainability
“If you can’t measure it, how can you improve it?”
The benchmarking will allow them to both analyse their own performance on a month-to-month basis and also add to a pool of de-identified data that allows them to compare to other Practices of similar size.
This will result in the participants being able to work with their current advisors and project consultants to make informed decisions on improving their business performance and operational efficiencies.
This practice-level benchmarking data allows you to identify areas in which you can improve your revenue cycle management, lower costs and optimize staffing models. Save money, run a more efficient practice and have peace of mind knowing that your decisions are backed by industry-leading data.
Participate in our free Organisational Checkup survey to see how well your medical business is doing.