Modernize Your Medical Group’s Financial and Operational Metrics

Author: Will Holets, MHA, MBA
Published Date: February 2022

This white paper presents an innovative solution for medical groups grappling with financial and operational challenges in today’s evolving healthcare environment. It highlights the critical need for modernized metrics that drive meaningful performance improvements, particularly in response to developments in the market, Medicare fee schedule reductions, and the ongoing transition from volume-based to value-based care.

The paper outlines a comprehensive, multi-dimensional framework for performance measurement, focusing on five critical areas: aligning provider compensation with productivity, optimizing department-level productivity, configuring effective care models, refining clinic staffing strategies, and maximizing net collections. By leveraging contemporary, validated metrics, this approach empowers medical groups to navigate financial pressures and operational complexities with greater precision and success.