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In a rapidly changing healthcare industry, the information gleaned from benchmarking financial and operational performance is invaluable. Yet knowing which methods to apply and which data to utilize for the endeavor are only the first challenges of finding accurate and reliable comparisons.
In this webinar, Part 7 of BVR's 2013 Online Symposium on Healthcare Valuation, Lori Foley and Tynan Olechny discuss the methods and analysis required for dependable benchmarking of medical practices. From the selection of data through the application of benchmarking methods and their analysis, Foley and Olechny will address the classic considerations and emerging trends of practice benchmarking.
Program Agenda
Benchmarking surveys and resources
Working with benchmarking resources
Understanding the benchmark
Benchmarking:
Charges
Payments
Compensation
Operating overhead
Production
Staffing
Financial indicators
Applying Benchmarks
Case Study 1: Physician Productivity
Case Study 2: Operating Overhead
Learning Objectives
Learn what resources are available for medical practice benchmarking, how they are compiled, and how they can be put to best use
Learn which aspects of the practice can be benchmarked and through which methods
Learn how to apply benchmarks to revenue, expenditures, productivity, and other key factors in practice operations
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