Streamlining Success: Creating a Roadmap to Complete Your AAOE Benchmarking Survey-04-26 09-30 GRAND HALL MN Cook Rosenth... Pre-Conference Workshop

04-26 09-30 GRAND HALL MN Cook Rosenth... Pre-Conference Workshop - Streamlining Success Creating a

Video Transcription

Video Summary

Beverly Cook, the Director of Finance at Midwest Orthopedics at Rush, shares insights on the process of submitting surveys and utilizing data analytics for performance improvement within medical practices. She underscores the significance of accurate data entry and interpretation to leverage survey results effectively for practice management. The video discussion encompasses various survey sections related to provider compensation, patient visits, surgical cases, and collections. Challenges and strategies for data collection and analysis, along with the importance of benchmarking against industry standards, are highlighted. The group addresses common questions about data sources, analysis, and utilizing survey data for practice enhancement.<br /><br />Moreover, the speaker in the video transcript emphasizes the accurate input of financial data in medical practice surveys, focusing on physician compensation, overhead expenses, payer mix, and ancillary services. They stress the need for clear reporting on metrics like accounts receivable and overhead expenses to demonstrate financial health. Guidance is provided on structuring physician compensation models and aligning financial reporting with practice goals. Important aspects like physician recruitment, end-of-career planning, and utilizing ancillary services for financial performance enhancement are also discussed. The speaker emphasizes the necessity of precise data collection and analysis to support decision-making and ensure the financial sustainability of the practice.

Keywords

Beverly Cook

Director of Finance

Midwest Orthopedics at Rush

surveys

data analytics

performance improvement

medical practices

accurate data entry

interpretation

practice management

benchmarking

industry standards

physician compensation