With MedData’s benchmarking data you have a powerful strategic management tool at your fingertips.  We give you reports that not only compare your physicians internally; but also with groups that are comparable in terms of patient acuity.  This allows your group to develop plans on how to make improvements or adopt best practices. 

As an example, the following chart demonstrates the substantial variation in elapsed treatment times by physician.  The difference between the fastest and slowest was 40 minutes for admitted patients (a 21% difference) and 29 minutes for discharged patients (a 23% difference)

A number of questions arise from the analysis of these differences.  Are the fastest and slowest physicians generating similar or different charges per patient?  Is compensation related to the productivity of the physicians? Can the fastest physician impart any tips on how the slower physicians can do better?

So using this chart above, MedData can also give you an analysis of 1.7 million patient visits, which found the following “best in class” throughput times for admitted patients:

*Admit rate is defined as the number of patients actually seen by and ED physician and admitted to the hospital, divided by the total number of patients seen by and ED physician.  It excludes patients who were admitted through the ED by a PMD.

Our reporting can give you the answers you seek about benchmarking.  From process to financial our reports help your practice adopt the best practice.

We are happy to provide a financial benchmark to your group at no charge.  You can use the data to ensure that you are realizing the highest revenues for your group. 

Contact us today to receive your free benchmark report.