Medical Group Wellness Check
How Healthy Is Your Medical Group?
As healthcare professionals, we understand how important it is for patients to see their primary care providers each year to receive an annual wellness exam. At AMGA Consulting, our team believes that the same concept should be applied to the operational and financial health of your medical group.
Whether it be pushing forward into value-based care, regulatory uncertainty, declining reimbursement, or provider compensation and productivity alignment, it’s important that you ensure your medical group finances and operations continue to thrive.
Over the years, we have found that evaluating just five metrics can identify critical areas that link to the overall medical group’s operational and financial health. Managing these focus areas can serve as a roadmap to help guide your organization’s strategy.
Unsure where to start? Here are five questions you should be considering as you evaluate your medical group’s wellness:
Do you adjust your clinic staffing based upon volume and specialty?
Do you have the correct advance practice clinician (APC) to physician complement to help deliver patient-centric care?
Is your individual provider compensation aligned with productivity?
Do you know by department specialty where your providers rank in productivity?
Do you know how your net revenue per wRVU compares to like specialties, on a national or regional basis?
AMGA Consulting can analyze your medical group and benchmark your operational and financial performance against organizations like yours across the country.
Ready to start? These four sections explore our multistep process that will measure your organization’s financial wellness and provide you with the critical insight you need to become a resilient medical group.