"What gets measured gets managed"
- Catherine M. Zito, FHFMA, CPA, CPC
- Jun 20, 2017
- 1 min read
“What gets measured, gets managed”
These wise words, spoken by Peter Drucker are relevant in our industry. Are you measuring the key areas in your practices? Do you know how your providers are trending with their visit count per day? What about point of service collections by your front desk? As the practice environment becomes more competitive through the evolution of value based care, it is imperative that practice managers have their finger on the pulse of their practice. Can you easily check the pulse of your practice?
Monitoring specific performance measures at regular intervals is key to your success. It provides the impetus to assessing the health of the practice, identifying problems and developing process improvement initiatives. Reports must be clear, concise and consistent to allow for trend analysis.
We have observed that many managers struggle with utilizing regular reports which are crucial to the management of a healthy practice. They either have issues with consistency of the reporting or are not sure of how to operationalize the reports.
We can help by delivering a cost effective tool to your practice on a regular basis. Here is a sample practice dashboard:
For more information on how to interpret what you already have or to explore our cost effective tool, we can help. Contact us today.