All participating medical groups will receive a custom, detailed benchmarking report with expert insights and analyses highlighting your group's performance against national averages and improvement opportunities.
Data collection for the survey will remain open until April 14th, 2017.
How medical groups have used the metrics
Net investment per physician is one of the most requested benchmarks, attracting attention from both health system and medical group leaders. In 2015, the median net investment per physician was $240,000, but this metric varied widely depending on the specialty.
For instance, a system in 2015 could expect to invest $139,000 per family medicine physician and $327,000 per cardiologist. Family medicine physicians at the 50th percentile of productivity and compensation yielded about 4400 wRVUs and earned $213,000 per year. Benchmarks for cardiologists at the same percentile of productivity and compensation were higher—7500 wRVUs and $461,000 per year.
Medical group leaders have used these and other metrics, such as reimbursement rate and patient panel, to accurately measure performance against peers and get nuanced insight into areas for improvement within their practices.