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MGMA and ValueSource Release Software
Staff Reporters
Free online compensation and productivity benchmarking tools for physician practices are now available from ValueSource Software and the Medical Group Management Association [MGMA].
Dashboards in the Cloud
The two web-based [internet computing] dashboards enable physicians and group practices to enter a few easy-to-find variables about physician compensation, and production and costs, and then compare themselves to national norms. Practice managers select their specialty from a pull-down menu, enter information about compensation, collections, gross charges, ambulatory encounters, surgery/anesthesia cases, and work RVUs, etc.
Assessment
The internet based cloud dashboards compare that data to national norms and produce a series of six gauges that measure physician performance in specific areas.
Conclusion
Please opine if you have used these new tools in your practice, clinic or hospital setting; and tell us what you think. Your review and evaluation is appreciated and will assist Executive-Post readers.
Related Information Sources:
Practice Management: http://www.springerpub.com/prod.aspx?prod_id=23759
Physician Financial Planning: http://www.jbpub.com/catalog/0763745790
Medical Risk Management: http://www.jbpub.com/catalog/9780763733421
Healthcare Organizations: www.HealthcareFinancials.com
Health Administration Terms: www.HealthDictionarySeries.com
Physician Advisors: www.CertifiedMedicalPlanner.com
Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com or Bio: www.stpub.com/pubs/authors/MARCINKO.htm
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Filed under: "Doctors Only", Career Development, Information Technology, Practice Management, Practice Worth |
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Hospital Compare Updates
The Centers for Medicare and Medicaid Services [CMS] just updated its Hospital Compare Web site to include information on 30-day mortality rates for the pneumonia and inpatient asthma treatment for children.
This is the first time that the site has offered information on children’s health care, while Hospital Compare now offers data on 26 process of care measures, three outcome of care measures, two children’s asthma care measures and 10 patient experience measures, according to the Kaiser Daily Health Policy Report on September 4th.
Visitors to the site are able to determine if individual hospitals’ mortality rates for pneumonia, heart attacks and heart failures are “Better than,” “No different,” or “Worse than” the national mortality rates for those conditions.
The Web site’s rates are risk-adjusted based on the condition of patients at the time of admission and offers consumers the interval estimate and the number of eligible cases for each hospital, while the CMS urged consumers not to “shop” for a hospital based on a single process or outcome measure.
-Ann
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