RevCycle Intelligence October 20, 2020
MGMA’s top-performing practices reported 20% more staff in the business office and 18% more nursing staff than the median multispecialty practice, resulting in greater practice productivity.
There is no one-size-fits-all approach to running a successful physician practice, but a new report has found that top-performing organizations have a couple of characteristics in common.
The report released by the Medical Group Management Association (MGMA) found that practices performing the best on metrics related to operations, profitability, productivity, and value invested more in staff, facilities, and operations compared to the median of all multispecialty practices.
Specifically, MGMA’s analysis of over 3,800 practices showed that top-performing organizations, which it calls Better Performers, have 20 percent more staff in the business office and 18...