The Medical Group Management Association released a report that said medical practices are deemed better-performing when they excel in specific performance management categories.
These categories include profitability and cost management; productivity, capacity and staffing; accounts receivable and collections; and patient satisfaction.
Better performing practices also reported lower total operating costs as a percentage of total medical revenue at a median of 53.85 percent, compared with 63.6 percent.
The data was father from 348 better-performing groups that participated in the survey.
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These categories include profitability and cost management; productivity, capacity and staffing; accounts receivable and collections; and patient satisfaction.
Better performing practices also reported lower total operating costs as a percentage of total medical revenue at a median of 53.85 percent, compared with 63.6 percent.
The data was father from 348 better-performing groups that participated in the survey.
More Articles on Coding, Billing and Collections:
Mid Dakota Clinic Implements EHRs
AHA Supports Audit Improvement Bill
CMS To Host Medicare Fee-For-Service Call for ICD-10 Implementation