For Prospective Members: Capture and Communicate Value with Performance Dashboards
Using real-time analytics to improve financial, operational, and quality metrics
Topics: Utilization, Efficiency, Performance Improvement, Outpatient Shift, Market Trends, Strategy, Strategic Alignment, Workforce, Billing and Collections, Revenue Cycle, Finance, Hospital-Physician Alignment, Physician Issues
Key health care reform milestones across the first half of 2012 and the Supreme Court’s confirmation of the Accountable Care Act suggest the shift toward value-based payment—and care—will continue full speed ahead. Physician practice leaders must redefine the value of physician practices and move beyond the simple calculus of practice bottom-line profit toward comprehensive quantification of practices’ overall impact on the system. Only then can a compelling case to system leaders demonstrate the full contribution of practices, and the true role in system success.
Essential to this undertaking is a program capable of measuring, tracking and improving performance across key areas, particularly revenue, operations, cost, and quality. In addition, practice leaders must be able to communicate the downstream benefit of practices to the system.
Managing Director Jim Lazarus and Practice Manager Raghu Bukkapatnam will discuss how to gain visibility into performance and secure buy-in from physicians through improvement-focused benchmarking and rigorous data analytics. This complimentary presentation will not only explore the value of implementing a physician practice dashboard but also detail best practices for developing an effective dashboard to use with practice and system executives, as well as individual physicians.
Attendees will learn how to:
- Develop a comprehensive physician practice dashboard
- Avoid common pitfalls in dashboard design
- Incorporate high-level strategic objectives, network-focused metrics, and provider-level measures
- Use dashboards to identify critical problem and opportunity areas
- Make a compelling case for practices’ value to the system
About Our Practice Management Offerings
In light of the growing role of the medical group in the future prosperity of the health system, the Advisory Board has assembled experts to address the specific needs of medical group leadership.
The Medical Group Strategy Council is the Advisory Board’s research membership program providing physician practice administrators with best practice research and tools to elevate medical group engagement, alignment, and performance.
Crimson Practice Management is a technology solution to help hospitals and medical groups drive the physician-centric medical group performance initiatives necessary to maximize value and total health system contribution.
Southwind offers long term or interim consulting services to achieve full medical staff integration through physician practice management and consulting services addressing physician employment, physician practice acquisition, clinical integration, and alternative models of physician alignment.
More Information
This webconference is open to all medical group and health system leadership. For more information, please contact Emily Carmichael at carmiche@advisory.com or 202-266-6663.
Please note, a valid hospital email address is required to process registration.
