MGMA Cost Survey: 2014 Report Based on 2013 Data. Key Findings Summary Report

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "MGMA Cost Survey: 2014 Report Based on 2013 Data. Key Findings Summary Report"

Transcription

1 MGMA Cost Survey: 2014 Report Based on 2013 Data %

2 MGMA Cost Survey: 2014 Report Based on 2013 Data Each year, MGMA surveys its members and nonmembers to obtain the most recent cost and revenue data. This year s survey remains the industry leader for benchmarking data, representing 2,518 groups. The Data Solutions staff reached the following results and conclusions by historical and current-year trend analyses. These analyses provide insight on factors that influence cost and revenue measures. The median is used in the analysis, and the report reflects data submitted for the 2013 fiscal year. Key Findings Primary Care practices have 2,505 patients per FTE physician and spend $ per patient in total cost. Nonsurgical practices have 1,507 patients per FTE physician and earn $ per patient in total medical revenue. Factors Influencing Cost and Revenue Practice Ownership Plays a Role in Practice Size Physician-owned practices have more total support staff per FTE physician than hospital/ids-owned practices, regardless of practice type. The largest variance occurs in Nonsurgical single-specialty practices with 1.93 more support staff per FTE physician in physician-owned practices. The lowest variance occurs in Surgical singlespecialty practices with just 1.17 more total support staff per FTE physician in physician-owned practices. Total Support Staff per FTE Physician by Practice Type Primary Care Single-Specialty Practices Nonsurgical Single-Specialty Practices Surgical Single-Specialty Practices Multispecialty Practices Physician Owned Hospital/IDS Owned 3.68 MGMA. All rights reserved. 2

3 Personnel Costs are the Bulk of Total Costs Total physician, total nonphysician provider, and total support staff costs alone represent over 85% of the total practice costs in Multispecialty practices (45.90%, 4.18%, and 37.16%, respectively). Building and occupancy and medical and surgical supply costs represent just under 7% of total costs, and ancillary services costs is just 1.26% of total costs. Cost Categories as a Percentage of Total Cost for Multispecialty Practices Per FTE Physician Total Physician Cost: 45.90% Other General Operating Cost: 4.61% Total Nonphysician Provider Cost: 4.18% Medical and Surgical Supply Cost: 3.31% Building and Occupancy Cost: 3.57% Ancillary Services Cost: 1.26% Total Support Staff: 37.16% Key Findings Multispecialty practices collect 56.64% of their accounts receivables in the first 30 days. *Mean is used with A/R data. Primary Care single-specialty practices have a higher adjusted FFS collection percent than Surgical and Nonsurgical single-specialty practices (96.56%, 93.58%, and 94.87%, respectively). Multispecialty, Primary Care only, physician-owned practices have $3,427 per FTE physician in net income. MGMA. All rights reserved. 3

4 Payer Mix Varies Little across Multispecialty Practices Payer mix for Multispecialty practices, regardless of whether they are physician-owned or hospital/ids-owned, have similar makeups. In physician-owned practices, commercial payers compose 53.80% of charges, while government payers make up only 42.91% of charges. In hospital/ids-owned Multispecialty practices, commercial payers compose 48.82% of charges, while government payers make up nearly the same with 46.64% of charges. Physician Owned Payer Mix Gross Charges, All Multispecialty Practices 53.80% *Mean is used with Payer Mix data. 6.31% 3.04% 4.19% 1.29% 0.25% 31.12% Commercial Workers Compensation Charity Care and Prof Courtesy Self-Pay Other Government Payers Medicare Medicaid Hospital/IDS Owned 48.82% 11.28% 3.94% 0.61% 0.60% 31.90% 2.85% MGMA. All rights reserved. 4

5 Geographic Section Plays a Role in Total Medical Revenue after Operating Cost Both practice type and geographic section play a role in total medical revenue after operating cost. Primary Care and Surgical single-specialty practices in the midwest earn almost four times more than their counterparts in the southern section. Surgical single-specialty practices earn more in each of the geographic sections than Primary Care and Nonsurgical single-specialty practices. Total medical revenue after operating cost doesn t account for physician compensation costs. Total Medical Revenue After Operating Cost per FTE Physician by Geographic Section $449,023 $407,648 Western $201,738 $81,877 Midwest $199,095 $215,608 $387,549 Eastern $229,842 $164,839 $168,474 $54,210 $88,672 Southern Primary Care Single-Specialty Practices Nonsurgical Single-Specialty Practices Surgical Single-Specialty Practices MGMA. All rights reserved. 5

6 Total Operating Cost as a Percentage of Total Medical Revenue Trends Vary across Specialties Total operating cost as a percentage of total medical revenue has remained fairly stable for Orthopedic Surgery through the last five years. Cardiology, Family Medicine, and Pediatrics report a decrease in total operating cost as a percentage of total medical revenue from 2012 to 2013 (2.10%, 5.56%, and 2.62%, respectively), while OB/GYN reports an increase of 8.09% between 2012 and Total Operating Cost as a Percentage of Total Medical Revenue Per FTE Physician 85% 80% 75% 70% 65% 60% 55% 50% 45% OB/GYN Family Medicine Pediatrics Cardiology Orthopedic Surgery 0% PCMH Practices Earn More in Total Medical Revenue after Operating Cost than Non-PCMH Practices Patient centered medical home (PCMH) practices spend $42.56 more per patient in total general operating costs than non-pcmh practices, but earn $65.54 more per patient in total medical revenue after operating cost. All Primary Care Practices, Total General Operating Cost and Total Medical Revenue After Operating Cost Per Patient $ $83.98 $ $78.43 PCMH Practices Non-PCMH Practices Total General Operating Cost Total Medical Revenue After Operating Cost MGMA. All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any form or by any other means digital, electronic, mechanical, photocopying, recording or otherwise or conveyed via the Internet or a Web site without prior written permission from the Medical Group Management Association. MGMA. All rights reserved. 6

MGMA Academic Practice Compensation and Production Survey for Faculty and Management: 2014 Report Based on 2013 Data. Key Findings Summary Report

MGMA Academic Practice Compensation and Production Survey for Faculty and Management: 2014 Report Based on 2013 Data. Key Findings Summary Report MGMA Academic Practice Compensation and Production Survey for Faculty and Management: 2014 Report Based on 2013 Data % Key Findings Summary Report MGMA Academic Practice Compensation and Production Survey

More information

Title goes here. Performance Management in the Rural Health Clinic. Idaho Bureau of Rural Health & Primary Care November 5, 2014 12:45 p.m. 1:45 p.m.

Title goes here. Performance Management in the Rural Health Clinic. Idaho Bureau of Rural Health & Primary Care November 5, 2014 12:45 p.m. 1:45 p.m. Performance Management in the Rural Health Clinic Idaho Bureau of Rural Health & Primary Care November 5, 2014 12:45 p.m. 1:45 p.m. Title goes here Jeff Johnson - CPA, Date Partner or subtitle Wipfli Health

More information

Trends in Physician Compensation: Specialist Physician Growth Coupled with Primary Care Stagnation

Trends in Physician Compensation: Specialist Physician Growth Coupled with Primary Care Stagnation Special Report: Trends in Physician Compensation: Specialist Physician Growth Coupled with Primary Care Stagnation Bruce A. Johnson, JD, MPA Physicians in the United States in virtually all medical and

More information

Successful Medical Practice Management: Beyond the Beans

Successful Medical Practice Management: Beyond the Beans Successful Medical Practice Management: Beyond the Beans Susan Turney, MD, MS, FACMPE, FACP President and CEO MGMA-ACMPE About MGMA-ACMPE The largest, oldest and most respected professional association

More information

Interventional Pain Management 2007 Benchmark Survey

Interventional Pain Management 2007 Benchmark Survey Interventional Pain Management 2007 Benchmark Survey Date Section One: General Information Geographic location (select one) Return Deadline - vember 12, 2007 Eastern: (Connecticut, Delaware, District of

More information

MGMA ACA Exchange Implementation Survey Report. May 2014

MGMA ACA Exchange Implementation Survey Report. May 2014 MGMA ACA Exchange Implementation Survey Report May 2014 Overview Medical Group Management Association (MGMA) conducted member research in April 2014 to better understand the impact of the Affordable Care

More information

Manage Overhead. Learning Objectives. Overhead

Manage Overhead. Learning Objectives. Overhead Manage The Great Mistake Pamela L. Moore, PhD, CPC Editorial Director, s Practice Denver, CO Learning Objectives Assess overhead rates for your practice relative to other practices and within the context

More information

Disclaimer. Knowing Your Worth: Calculating Your Productivity. Definitions. Disclosure

Disclaimer. Knowing Your Worth: Calculating Your Productivity. Definitions. Disclosure Knowing Your Worth: Calculating Your Productivity PAOS 2012 Tricia Marriott, PA-C, MPAS AAPA Director Reimbursement Policy tmarriott@aapa.org @TriciaPAC on Twitter Disclaimer This presentation was current

More information

Impact of Electronic Health Records on the Financial Performance of Medical Group Practices

Impact of Electronic Health Records on the Financial Performance of Medical Group Practices David N. Gans, MSHA, FACMPE Vice President Practice Management Resources Medical Group Management Association Impact of Electronic Health Records on the Financial Performance of Medical Group Practices

More information

2002 Physician Inpatient/Outpatient Revenue Survey

2002 Physician Inpatient/Outpatient Revenue Survey 2002 Physician Inpatient/Outpatient Revenue Survey INTRODUCTION: Merritt, Hawkins & Associates is a national physician search and consulting firm representing over 2,000 physician search engagements annually.

More information

Employed Physicians: Leadership Strategies for a Winning Organization

Employed Physicians: Leadership Strategies for a Winning Organization Employed Physicians: Leadership Strategies for a Winning Organization Ray Chorey Southeastern Ohio Regional Medical Center President and CEO Thomas Ferkovic SS&G Healthcare Managing Director Practice Comparison

More information

» The most common residency program for current members was PSR-12 (37%).» 5% completed PM&S programs in 2005 and 2007.

» The most common residency program for current members was PSR-12 (37%).» 5% completed PM&S programs in 2005 and 2007. EXECUTIVE SUMMARY A survey of the podiatric practices of 8,273 active members of the APMA was conducted from March to April of 2007 with 3,043 members responding for a response rate of 37%. Major Findings

More information

Valuations and M&A Activity Todd J. Mello, ASA, CVA, MBA

Valuations and M&A Activity Todd J. Mello, ASA, CVA, MBA Valuations and M&A Activity Todd J. Mello, ASA, CVA, MBA Co-Founder and Partner Disclosures Co-founder and owner in HealthCare Appraisers, Inc. No ownership in private or publicly-traded hospital chains,

More information

The Practice Financial Performance Report. Reporting. eardon onsulting, Inc.

The Practice Financial Performance Report. Reporting. eardon onsulting, Inc. eardon onsulting, Inc. An Affiliate of The Reardon Group Healthcare, Financial & Management Consulting The Practice Financial Performance Report A Practice Performance Report benchmarks a medical practice

More information

NPP utilization in the future of US healthcare

NPP utilization in the future of US healthcare NPP utilization in the future of US healthcare An MGMA Research & Analysis Report Full report March 2014 Do You Ask Yourself These Questions? $ Do I need an NPP? How do I pay them? Who should I hire? NP

More information

The ROI of IT: Best Billing Practices

The ROI of IT: Best Billing Practices The ROI of IT: Best Billing Practices 1 R O S E M A R I E N E L S O N M G M A H E A L T H C A R E C O N S U L T I N G G R O U P The information and materials provided and referred to herein are not intended

More information

BILLING MANAGER INDICATORS: HOW DOES YOUR ORGANIZATION STACK UP?

BILLING MANAGER INDICATORS: HOW DOES YOUR ORGANIZATION STACK UP? CPAs & ADVISORS experience direction // BILLING MANAGER INDICATORS: HOW DOES YOUR ORGANIZATION STACK UP? OHIO ASSOCIATION OF COMMUNITY HEALTH CENTERS ~ 2014 ANNUAL CONFERENCE Wednesday, March 12, 2014

More information

What if All Physician Services Were Paid Under. An Analysis Using Medical Group Management. the Medicare Fee Schedule?

What if All Physician Services Were Paid Under. An Analysis Using Medical Group Management. the Medicare Fee Schedule? What if All Physician Services Were Paid Under Robert Berenson Stephen Zuckerman Karen Stockley Urban Institute Radhika Nath David Gans Terry Hammons the Medicare Fee Schedule? An Analysis Using Medical

More information

Caryl A. Serbin President and Founder Serbin Surgery Center Billing, LLC and. Becky Ziegler-Otis

Caryl A. Serbin President and Founder Serbin Surgery Center Billing, LLC and. Becky Ziegler-Otis 1 Presented by Caryl A. Serbin President and Founder Serbin Surgery Center Billing, LLC and Becky Ziegler-Otis Administrator Ambulatory Surgical Center of Stevens Point 2 ASC STEVENS POINT Days in A/R

More information

Compensation 2013: Evolving Models, Emerging Approaches

Compensation 2013: Evolving Models, Emerging Approaches Compensation 2013: Evolving Models, Emerging Approaches Results from the AMGA 2013 Medical Group Compensation and Financial Survey By Bradley S.J. Vaudrey, M.B.A., CPA, and Sara Loos, CCP Findings from

More information

Medicare Acceptance by Oregon Physicians

Medicare Acceptance by Oregon Physicians Medicare Acceptance by Oregon Physicians Snapshot of Trends from the 2006 Oregon Physician Workforce Survey Office for Oregon Health Policy and Research 100 90 80 70 60 50 40 30 20 10 0 Percent 74 67 Access

More information

Building the bottom line in employed physician networks

Building the bottom line in employed physician networks Building the bottom line in employed physician networks Greg Mertz, MBA, FACMPE, Managing Director, Physician Strategies Group, LLC, Virginia Beach, VA Shrinking margins, rising costs, and the specter

More information

CERTIFICATE OF NEED REVIEWED BY THE DEPARTMENT OF HEALTH DIVISION OF POLICY, PLANNING AND ASSESSMENT 615-741-1954 DATE: December 31, 2015 APPLICANT: Reeves Eye Surgery Center 2328 Knob Creek Road, Suite

More information

Utilizing Physician Extenders to Achieve Group Practice Initiatives

Utilizing Physician Extenders to Achieve Group Practice Initiatives Utilizing Physician Extenders to Achieve Group Practice Initiatives Your presenters Debra Johansen, MBA, CMPE Chief Operating Administrator, HealthFirst Medical Group, Melbourne FL Richard Baney, Jr, MD,

More information

Technical Supplement. The cost of health insurance administration in California: Insurer, physician, and hospital estimates

Technical Supplement. The cost of health insurance administration in California: Insurer, physician, and hospital estimates Editor s Note: This online data supplement contains supplemental material that was not included with the published article by James G. Kahn and colleagues, The Cost of Health Insurance Administration in

More information

NALTO Benchmarking Initiative Fiscal Year 2008. Overview Report for Survey Participants

NALTO Benchmarking Initiative Fiscal Year 2008. Overview Report for Survey Participants NALTO Benchmarking Initiative Fiscal Year 2008 Overview Report for Survey Participants April, 2009 PROPRIETARY DATA, DO NOT DISTRIBUTE OUTSIDE YOUR ORGANIZATION. Your company s license to use this data

More information

Physician Compensation: Where the Market is Going

Physician Compensation: Where the Market is Going Physician Compensation: Where the Market is Going HR Council March 13, 2013 Presented to: 2013 Sullivan, Cotter and Associates, Inc. The material may not be reproduced or copied without written consent

More information

Physician Compensation: Where the Market is Going

Physician Compensation: Where the Market is Going Physician Compensation: Where the Market is Going CFO Council March 13, 2013 Presented to: 2013 Sullivan, Cotter and Associates, Inc. The material may not be reproduced or copied without written consent

More information

Southwestern Vermont Medical Center Operating Budget Fiscal Year 2016

Southwestern Vermont Medical Center Operating Budget Fiscal Year 2016 Southwestern Vermont Medical Center Operating Budget Fiscal Year 2016 Southwestern Vermont Medical Center s (hereafter SVMC or Medical Center ) Operating Budget for Fiscal Year (hereafter FY ) 2016 has

More information

The Purchasing Power of Today s Medical Group Practice

The Purchasing Power of Today s Medical Group Practice The Purchasing Power of Today s Medical Group Practice Medical Group Management Association 104 Inverness Terrace East Englewood, CO 80112-5306 Phone: 303.799.1111 Toll-free: 877.275.6462 Fax: 303.643.4439

More information

Cornerstone Health Care s ACO Playbook. Grace E. Terrell, MD January 17, 2012

Cornerstone Health Care s ACO Playbook. Grace E. Terrell, MD January 17, 2012 Cornerstone Health Care s ACO Playbook Grace E. Terrell, MD January 17, 2012 Mission: To be your medical home Vision: To be the model for physician-led health care in America Values: As a physician owned

More information

Change Notice for the MGMA 2014 Compensation and Production Survey

Change Notice for the MGMA 2014 Compensation and Production Survey Change Notice for the MGMA 2014 Compensation and Production Survey The following information summarizes changes to the Compensation and Production Survey: 2014 Guide to the Questionnaire Based on 2013

More information

Physician Compensation Planning: Beyond the Basics. Copyright 2014. Medical Group Management Association (MGMA ). All rights reserved.

Physician Compensation Planning: Beyond the Basics. Copyright 2014. Medical Group Management Association (MGMA ). All rights reserved. Physician Compensation Planning: Beyond the Basics Agenda Introductions/Learning Objectives Compensation Plan Development Process Compensation Planning Step 1: Start Up Step 2: Compensation Plan Options

More information

Ambulatory Surgery Centers: Valuation Process & Key Benchmarks

Ambulatory Surgery Centers: Valuation Process & Key Benchmarks Ambulatory Surgery Centers: Valuation Process & Key Benchmarks Chance Sherer, CVA Director 1 PRESENTATION OVERVIEW I. Industry Background II. III. Valuations: When and Why Types of Transactions IV. Overview

More information

ANNUAL REPORT [SEC RULE 15C2-12]

ANNUAL REPORT [SEC RULE 15C2-12] ANNUAL REPORT [SEC RULE 15C2-12] $40,500,000 LOUISIANA PUBLIC FACILITIES AUTHORITY HOSPITAL REVENUE REFUNDING BONDS (TOURO INFIRMARY PROJECT) SERIES 2015 Touro Infirmary (the "Corporation") hereby submits

More information

http://www.bls.gov/oco/ocos014.htm Medical and Health Services Managers

http://www.bls.gov/oco/ocos014.htm Medical and Health Services Managers http://www.bls.gov/oco/ocos014.htm Medical and Health Services Managers * Nature of the Work * Training, Other Qualifications, and Advancement * Employment * Job Outlook * Projections Data * Earnings *

More information

The Affiliation of Swedish Medical Center and Minor & James Medical: A New Approach to Physician-Hospital Affiliations

The Affiliation of Swedish Medical Center and Minor & James Medical: A New Approach to Physician-Hospital Affiliations MARCH 2010 EXECUTIVE SUMMARY BUSINESS LAW AND GOVERNANCE PRACTICE GROUP The Affiliation of Swedish Medical Center and Minor & James Medical: A New Approach to Physician-Hospital Affiliations Brent R. Eller,

More information

Benchmarking and Reporting. Jackie P. Boswell, MBA, FACMPE Senior Medical Practice Consultant

Benchmarking and Reporting. Jackie P. Boswell, MBA, FACMPE Senior Medical Practice Consultant Benchmarking and Reporting Jackie P. Boswell, MBA, FACMPE Senior Medical Practice Consultant What is Benchmarking? Benchmarking is a process of measuring key performance indicators and comparing with national

More information

Purpose of the Survey

Purpose of the Survey Matt Leiszler, MD Purpose of the Survey Practice and salary data for physicians can be difficult to obtain MGMA (Medical Group Management Association) surveys and compiles information from over 50,000

More information

Electronic Health Records: Status, Needs and Lessons

Electronic Health Records: Status, Needs and Lessons MEDICAL GROUP MANAGEMENT ASSOCIATION Electronic Health Records: Status, Needs and Lessons 2011 Report Based on 2010 Data Snapshot of an Infrastructure under Construction Research funded by PNC Bank Electronic

More information

Size Matters: The Impact of Physician Practice Size on Productivity. Douglas E. Hough Carey Business School, Johns Hopkins University

Size Matters: The Impact of Physician Practice Size on Productivity. Douglas E. Hough Carey Business School, Johns Hopkins University Size Matters: The Impact of Physician Practice Size on Productivity Douglas E. Hough Carey Business School, Johns Hopkins University Kai Liu Department of Economics, Zanvyl Krieger School of Arts and Sciences

More information

Physician Assistants in Urology A Historical Perspective/Current Practice/Future Outlook

Physician Assistants in Urology A Historical Perspective/Current Practice/Future Outlook Physician Assistants in Urology A Historical Perspective/Current Practice/Future Outlook Kenneth A. Mitchell, MPAS, PA-C President Urological Association of Physician Assistants Clinical Specialist Male

More information

Analysts and policymakers have noted the potential for electronic

Analysts and policymakers have noted the potential for electronic DataWatch Which Physicians And Practices Are Using Electronic Medical Records? Survey data show limited use of these information tools. by Catharine W. Burt and Jane E. Sisk ABSTRACT: Greater use of electronic

More information

Healthcare Performance Management Strategies for Highly Efficient Practices

Healthcare Performance Management Strategies for Highly Efficient Practices A Mariner White Paper Healthcare Performance Management Strategies for Highly Efficient Practices By Rob Capozziello, Practice Manager Michael McCarthy, Business Development Manager Mariner, Healthcare

More information

David Ramos, MD, MPH, FACC Managing Physician ColumbiaDoctors of the Hudson Valley

David Ramos, MD, MPH, FACC Managing Physician ColumbiaDoctors of the Hudson Valley David Ramos, MD, MPH, FACC Managing Physician ColumbiaDoctors of the Hudson Valley The Changing Landscape of Medicine Changing Culture Demographics Income Terms and definitions RVUs, Restricted Covenants,

More information

Medical assistants across

Medical assistants across Medical assistants across the country enthusiastically participated in the 2013 Compensation and Benefits Survey, conducted by the American Association of Medical Assistants. More than 4,400 medical assistants

More information

Medical assistants across the country

Medical assistants across the country Medical assistants across the country enthusiastically participated in the 2014 Compensation and Benefits Survey, conducted by the American Association of Medical Assistants. More than 6,100 medical assistants

More information

The High Performing Practice. David N. Gans, MSHA, FACMPE Senior Fellow, Industry Affairs MGMA-ACMPE

The High Performing Practice. David N. Gans, MSHA, FACMPE Senior Fellow, Industry Affairs MGMA-ACMPE The High Performing Practice David N. Gans, MSHA, FACMPE Senior Fellow, Industry Affairs MGMA-ACMPE Disclosure No financial relationships Learning Objectives Examine gastroenterologist productivity and

More information

Disclosures. Tips for a Successful Job Search. Introduction. Introduction. Purpose. Format 10/16/2015

Disclosures. Tips for a Successful Job Search. Introduction. Introduction. Purpose. Format 10/16/2015 Tips for a Successful Job Search How to Evaluate Orthopaedic Practice Opportunities Disclosures I have no potential conflicts with this presentation Ryan M. Dopirak, M.D. Wisconsin Orthopaedic Society

More information

MEDICARE PHYSICIAN PAYMENTS

MEDICARE PHYSICIAN PAYMENTS GAO United States Government Accountability Office Report to the Subcommittee on Health, Committee on Ways and Means, House of Representatives July 2007 MEDICARE PHYSICIAN PAYMENTS Medicare and Private

More information

Policy Research Perspectives

Policy Research Perspectives Policy Research Perspectives Medical Liability Claim Frequency: A 2007-2008 Snapshot of Physicians By Carol K. Kane, PhD Introduction This report presents a snapshot of physicians experiences with medical

More information

2015 Medical Assisting Compensation and Benefits Report

2015 Medical Assisting Compensation and Benefits Report Medical assistants across the country enthusiastically participated in the 2015 Compensation and Benefits Survey conducted by the American Association of Medical Assistants. More than 8,100 medical assistants

More information

League of Women Voters. November 20, 2012

League of Women Voters. November 20, 2012 League of Women Voters November 20, 2012 Palo Alto Medical Foundation Multi-Specialty Medical Group for past 82 years. Outpatient Medical Centers not a hospital Community based, not-for-profit Physician-led

More information

The Adoption of Electronic Health Records and Associated Information Systems by Medical Group Practices

The Adoption of Electronic Health Records and Associated Information Systems by Medical Group Practices The Adoption of Electronic Health Records and Associated Information Systems by Medical Group Practices Terry Hammons* and John Kralewski** Principal Investigators David Gans* and Bryan Dowd** Investigators

More information

Policy Research Perspectives

Policy Research Perspectives Policy Research Perspectives New Data On Physician Practice Arrangements: Private Practice Remains Strong Despite Shifts Toward Hospital Employment By Carol K. Kane, PhD and David W. Emmons, PhD Abstract

More information

PHYSICIAN ASSISTANTS TRANSFORMING HEALTH CARE

PHYSICIAN ASSISTANTS TRANSFORMING HEALTH CARE PHYSICIAN ASSISTANTS TRANSFORMING HEALTH CARE December 2010 WHAT IS A PA? What is a PA? A physician assistant (PA) is a graduate of an accredited PA educational program who is authorized by the state to

More information

RVU BASED PHYSICIAN COMPENSATION AND PRODUCTIVITY

RVU BASED PHYSICIAN COMPENSATION AND PRODUCTIVITY RVU BASED PHYSICIAN COMPENSATION AND PRODUCTIVITY Ten Recommendations for Determining Physician Compensation/Productivity Through Relative Value Units 2011 Merritt Hawkins 5001 Statesman Drive Irving,

More information

One Dozen Essential Medical Practice Financial Management Ratios

One Dozen Essential Medical Practice Financial Management Ratios ADVISORY PUBLICATIONS One Dozen Essential Medical Practice Financial Management Ratios An electronic report t from Advisor dvisory y Publications Table of Contents The 12 Ratios...2 Benchmarking Against

More information

11/24/2015. State of In-House Physician Recruitment

11/24/2015. State of In-House Physician Recruitment State of In-House Physician Recruitment Fall 2015 1 Industry Reports Overview Recruitment Processes Report Recruitment Benchmarking Report Physician Compensation, Benefits and Recruitment Incentives Report

More information

VHA CENTRAL ATLANTIC COMPENSATION PLAN REDESIGN. Karin Chernoff Kaplan, AVA, Director, DGA Partners. January 5, 2012

VHA CENTRAL ATLANTIC COMPENSATION PLAN REDESIGN. Karin Chernoff Kaplan, AVA, Director, DGA Partners. January 5, 2012 VHA CENTRAL ATLANTIC COMPENSATION PLAN REDESIGN Karin Chernoff Kaplan, AVA, Director, DGA Partners January 5, 2012 AGENDA > Introduction and Trends in Physician Compensation > Compensation Plan Design

More information

Advance Practice Provider (APP) Compensation Models: Promoting Team Based Care. Wayne M. Hartley, Vice President AMGA Consulting Services

Advance Practice Provider (APP) Compensation Models: Promoting Team Based Care. Wayne M. Hartley, Vice President AMGA Consulting Services Advance Practice Provider (APP) Compensation Models: Promoting Team Based Care Wayne M. Hartley, Vice President AMGA Consulting Services 1 Presentation Overview AMGA Survey Overview and Demographics APP

More information

How to Hire International Medical Graduates with Ease by Ann Massey Badmus, Attorney at Law

How to Hire International Medical Graduates with Ease by Ann Massey Badmus, Attorney at Law May 2011 How to Hire International Medical Graduates with Ease by Ann Massey Badmus, Attorney at Law According to an American College of Physicians monograph published in 2008, International Medical Graduates

More information

Tennessee Primary Care Association: 2014 Annual Leadership Conference

Tennessee Primary Care Association: 2014 Annual Leadership Conference CPAs & ADVISORS experience momentum // SETTING YOUR ORGANIZATION UP FOR SUCCESS: UNDERSTANDING THE COMPLEXITIES OF THE FQHC REVENUE CYCLE Tennessee Primary Care Association: 2014 Annual Leadership Conference

More information

AOA 2010 Practice Benchmarking Survey (Sample to Guide Data Collection for the Online Instrument)

AOA 2010 Practice Benchmarking Survey (Sample to Guide Data Collection for the Online Instrument) AOA 2010 Practice Benchmarking Survey (Sample to Guide Data Collection for the Online Instrument) A. Services & Income 1. What services does your practice provide? Aesthetician Allergy - Intradermal testing

More information

A BILL FOR AN ACT. Concerning the compiling and reporting of hospital charge data for the benefit of healthcare consumers.

A BILL FOR AN ACT. Concerning the compiling and reporting of hospital charge data for the benefit of healthcare consumers. A BILL FOR AN ACT 1 2 Concerning the compiling and reporting of hospital charge data for the benefit of healthcare consumers. Bill Summary Requires each hospital in the State of Colorado to provide to

More information

Regulating Hospital Spending in Maryland

Regulating Hospital Spending in Maryland Regulating Hospital Spending in Maryland Rate Regulation and Certificate of Need Managing Health System Capacity NIHCM Foundation December 1, 2008 1 Maryland 2010 projected population of 5.9 million Population

More information

Medical Practice. Coding Pro. 2010 Coding Professionals Salary Survey: Average salary climbs to $49K. In This Issue. www.codingprodecisions.

Medical Practice. Coding Pro. 2010 Coding Professionals Salary Survey: Average salary climbs to $49K. In This Issue. www.codingprodecisions. Medical Practice Coding Pro www.codingprodecisions.com Practical ICD-9/CPT news and guidance for physician coders FEBRUARY 2011 Vol. 17 No. 2 2010 Coding Professionals Salary Survey: Average salary climbs

More information

Health Workforce Analysis Program

Health Workforce Analysis Program Office of Rural Health and Primary Care Health Workforce Analysis Program Greater Minnesota Health Professional Demand Survey 2008 Highlights At the beginning of 2008, hospitals and clinics in Greater

More information

About MGMA. Our mission To continually improve the performance of medical group practice professionals and the organizations they represent

About MGMA. Our mission To continually improve the performance of medical group practice professionals and the organizations they represent About MGMA Our mission To continually improve the performance of medical group practice professionals and the organizations they represent Impact of Healthcare Reform on Pediatric Practices William F.

More information

The Impact of Accountable Care Organizations on the Healthcare Industry. Dale Maxwell Senior Vice President & CFO Presbyterian Healthcare Services

The Impact of Accountable Care Organizations on the Healthcare Industry. Dale Maxwell Senior Vice President & CFO Presbyterian Healthcare Services The Impact of Accountable Care Organizations on the Healthcare Industry Dale Maxwell Senior Vice President & CFO Presbyterian Healthcare Services Agenda The Case for Change A New Idea, The ACO Characteristics

More information

Abstract. Introduction. Number 75 n May 20, 2014

Abstract. Introduction. Number 75 n May 20, 2014 Number 75 n May 20, 2014 Trends in Electronic Health Record System Use Among Office-based Physicians: United States, 2007 2012 by Chun-Ju Hsiao, Ph.D., M.H.S., Agency for Healthcare Research & Quality;

More information

Physician Practice Acquisitions

Physician Practice Acquisitions Trend Watch: Physician Practice Acquisitions Tracking Which Physician Practices Hospitals are Acquiring Introduction Are hospitals actively acquiring physician practices? If so, which specialties? In this

More information

ACMPE Paper, October 2010. By: Lisa Conner, FACMPE

ACMPE Paper, October 2010. By: Lisa Conner, FACMPE ACMPE Paper, October 2010 By: Lisa Conner, FACMPE This case study manuscript is submitted in partial fulfillment of the requirements for election to Fellow status in the American College of Medical Practice

More information

New Sports Medicine Physician Survey 2011 Fellowship Forum. Eric D. Parks, MD Watauga Orthopaedics Kingsport, TN

New Sports Medicine Physician Survey 2011 Fellowship Forum. Eric D. Parks, MD Watauga Orthopaedics Kingsport, TN New Sports Medicine Physician Survey 2011 Fellowship Forum Eric D. Parks, MD Watauga Orthopaedics Kingsport, TN Career Opportunities Several options exist upon graduation Remain in primary specialty with

More information

Guidian Healthcare Consulting

Guidian Healthcare Consulting S R STAFFING RATIOS PLANNING FOR PRODUCTIVITY & COST C EFFECTIVENESS Guidian Healthcare Consulting Guidian Healthcare Consulting Guidian works with Community Health Centers to plan financially sustainable

More information

Accounts Receivable and Collections

Accounts Receivable and Collections chapter 3 Accounts Receivable and Collections What you will learn 3 Effective billing procedures to maximize revenue 3 Techniques to manage accounts receivable 3 Ideas to avoid fraud in the practice Lessons

More information

Uniting Physicians Through a Common Compensation Structure

Uniting Physicians Through a Common Compensation Structure Uniting Physicians Through a Common Compensation Structure AMGA 2014 Annual Conference Mercy and Sullivan Cotter Fred Ford, Senior Vice President Ambulatory Care Mercy Fred McQueary, Senior Vice President

More information

Hospital Employment v Private Practice. Las Vegas, Nv December 2014

Hospital Employment v Private Practice. Las Vegas, Nv December 2014 Hospital Employment v Private Practice Orthopedic Summit: Emerging Techniques Practice Management Course Las Vegas, Nv December 2014 Louis F McIntyre, MD, PC 311 North St Suite 102 White Plains, NY 10605

More information

What Does It Cost to Run a Residency Program in the Era of the Next Accreditation System?

What Does It Cost to Run a Residency Program in the Era of the Next Accreditation System? What Does It Cost to Run a Residency Program in the Era of the Next Accreditation System? Niraj Sharma, MD, MPH Stephen Knohl, MD Alwin F. Steinmann, MD None of the speakers have any conflicts to disclose

More information

7 Must-Have Features of an Effective EHR Solution

7 Must-Have Features of an Effective EHR Solution Patient Engagement Series 7 Must-Have Features of an Effective EHR Solution Prepared for XXX Rosemarie Nelson Principal Consultant MGMA Healthcare Consulting Group Grant Ho Senior Director, Product Marketing

More information

Massachusetts Hospital Cost Report 1

Massachusetts Hospital Cost Report 1 Massachusetts Hospital Cost Report 1 HOSPITAL STATEMENT OF COSTS, REVENUES, AND STATISTICS 1 MA Hospital Cost Report was last updated in 2016 1 Contents Contents... 2 General Instructions... 8 Tab 1 Identification

More information

UIC College of Medicine Compliance Plan/Program

UIC College of Medicine Compliance Plan/Program UIC College of Medicine Compliance Plan/Program Updated for Calendar Year 2010 Policy: Each designated operating unit within the University of Illinois Medical Center at Chicago and its associated clinical

More information

Physician Assistants 2012 Survey

Physician Assistants 2012 Survey Vermont Department of Health Physician Assistants 2012 Survey Statistical Report 2012 Physician Assistants Survey Statistical Report State of Vermont Peter Shumlin, Governor Agency of Human Services Douglas

More information

practice management advisor

practice management advisor practice management advisor Fall 2014 Need help around the office? Reaping the benefits of nonphysician providers Improving your revenues with proven business practices It s a new generation The topsy-turvy

More information

STATE OF ILLINOIS HEALTH FACILITIES AND SERVICES REVIEW BOARD

STATE OF ILLINOIS HEALTH FACILITIES AND SERVICES REVIEW BOARD 52525 WEST JEFFERSON ST. SPRINGFIELD, ILLINOIS 62761 (217) 782-3516 FAX: (217) 785-4111 DOCKET NO: BOARD MEETING: PROJECT NO: PROJECT COST: H-1 July 23-24, 212 FACILITY NAME: Advanced Eye Surgery and Laser

More information

Receipt of Medicaid and Medicare EHR Incentive Payments by Physicians in New York

Receipt of Medicaid and Medicare EHR Incentive Payments by Physicians in New York Receipt of Medicaid and Medicare EHR Incentive Payments by Physicians in New York Highlights By September 2012, 11% of licensed physicians in New York had received either a Medicaid or Medicare EHR incentive

More information

2010 Physician Sentiment Index Taking the Pulse of the Physician Community. athenahealth & Sermo February 2010

2010 Physician Sentiment Index Taking the Pulse of the Physician Community. athenahealth & Sermo February 2010 2010 Physician Sentiment Index Taking the Pulse of the Physician Community athenahealth & Sermo February 2010 Contents Introduction Methodology Key Insights Results Appendix 2 Introduction As the country

More information

EXPERTISE OF CONSULTANTS

EXPERTISE OF CONSULTANTS We appreciate the opportunity to introduce our services to Ingram Micro. We believe that you will find Jackson Thornton Healthcare Consultants to be uniquely qualified because of the extensive knowledge

More information

Media Packet 10-2009. NPAM@npedu.com 888-405-NPAM. PO Box 540 Ellicott City, MD 21041

Media Packet 10-2009. NPAM@npedu.com 888-405-NPAM. PO Box 540 Ellicott City, MD 21041 Media Packet What is a Nurse Practitioner NP Facts Who are the Nurse Practitioners in Maryland State of the State Quality of NP Practice NP Cost Effectiveness 10-2009 NPAM@npedu.com 888-405-NPAM PO Box

More information

A Very Short Introduction. to RBRVS. Objectives. What is a Resource Based Relative Value Scale? 2009 Frank D. Cohen

A Very Short Introduction. to RBRVS. Objectives. What is a Resource Based Relative Value Scale? 2009 Frank D. Cohen A Very Short Introduction Presented by: to RBRVS Frank D. Cohen, MBB, MPA Director of Analytics and Business Intelligence Doctors Management 10/19/2014 1 Objectives This session will provide you with the

More information

Survey PRACTICE AND COMPENSATION EXPECTATIONS FOR PHYSICIAN ASSISTANTS. 800.780.3500 mdainc.com

Survey PRACTICE AND COMPENSATION EXPECTATIONS FOR PHYSICIAN ASSISTANTS. 800.780.3500 mdainc.com Survey PRACTICE AND COMPENSATION EXPECTATIONS FOR PHYSICIAN ASSISTANTS 800.780.3500 mdainc.com Overview OBJECTIVE The objective of this survey was to collect and quantify practice and compensation expectations

More information

Financial Accounting and Management Reports

Financial Accounting and Management Reports Financial Accounting and Management Reports To manage a medical practice effectively, whether it be a solo or a group practice, the practitioner and its managers and advisors must have continual access

More information

2015 PSYCHOLOGIST BIENNIAL RENEWAL

2015 PSYCHOLOGIST BIENNIAL RENEWAL New Mexico Regulation and Licensing Department BOARDS AND COMMISSIONS DIVISION Board of Psychologist Examiners PO Box 25101 2550 Cerrillos Road Santa Fe, New Mexico 87504 (505) 476-4622 Fax (505) 476-4545

More information

Empire BlueCross BlueShield Professional Reimbursement Policy

Empire BlueCross BlueShield Professional Reimbursement Policy Subject: Evaluation and Management Services and Related Modifiers -25 & 57 NY Policy: 0026 Effective: 8/19/2013 1/31/2014 Coverage is subject to the terms, conditions, and limitations of an individual

More information

Utilizing Benchmarking to Manage Health Center Operations. Curt Degenfelder Managing Director curtis.degenfelder@rsmi.com

Utilizing Benchmarking to Manage Health Center Operations. Curt Degenfelder Managing Director curtis.degenfelder@rsmi.com Utilizing Benchmarking to Manage Health Center Operations Curt Degenfelder Managing Director curtis.degenfelder@rsmi.com 1 KEY COMPONENTS OF COST PER VISIT! Physician Productivity! Physician Salary & Fringe!

More information

The National Economic Impact of Physicians

The National Economic Impact of Physicians The National Economic Impact of Physicians National Report PUBLISHED: March 2014 PREPARED FOR: The American Medical Association Chicago, IL PREPARED BY: IMS Health 1725 Duke Street Suite 510 Alexandria,

More information

Health Care Analytics Symposium. Grace E. Terrell, MD July 25, 2012

Health Care Analytics Symposium. Grace E. Terrell, MD July 25, 2012 Health Care Analytics Symposium Grace E. Terrell, MD July 25, 2012 Mission: To be your medical home Vision: To be the model for physician-led health care in America Values: As a physician owned and directed

More information

Application for GAFP/Collaborative Health Systems PCMH University Class of 2014-15 Deadline Friday, September 12, 2014

Application for GAFP/Collaborative Health Systems PCMH University Class of 2014-15 Deadline Friday, September 12, 2014 The Georgia Chapter is providing information on an opportunity for your practice to participate in a Patient Centered Medical Home University. This opportunity is in collaboration with the GA Academy of

More information

Nurse Practitioners, Certified Nurse Midwives, and Physician Assistants in Physician Offices

Nurse Practitioners, Certified Nurse Midwives, and Physician Assistants in Physician Offices Nurse Practitioners, Certified Nurse Midwives, and Physician Assistants in Physician Offices Melissa Park, M.P.H.; Donald Cherry, M.S.; and Sandra L. Decker, Ph.D. Key findings Data from the National Ambulatory

More information

RFP 745-15-P03: Medical Cycle Revenue Management Related to the University of Texas Rio Grande Valley (UTRGV)

RFP 745-15-P03: Medical Cycle Revenue Management Related to the University of Texas Rio Grande Valley (UTRGV) RFP 745-15-P03: Medical Cycle Revenue Management Related to the University of Texas Rio Grande Valley (UTRGV) Clarification No. 1: Questions and Answers Q: Please provide volume information so we can put

More information