Advance Your Practice with the Body of Knowledge for Medical Practice Management Heather McHugh, MBA, sr strategist for professional development,

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1 Advance Your Practice with the Body of Knowledge for Medical Practice Management Heather McHugh, MBA, sr strategist for professional development, MGMA, Englewood, Colo.

2 Based on The Body of Knowledge for Medical Practice Management 3rd Edition, the American College of Medical Practice Executives (ACMPE) Personal Inventory is a tool to help you assess your current level of knowledge in the six domains that define the scope of responsibility of medical practice executives. Each section of the personal inventory focuses on a different domain and includes a list of tasks for consideration. ACMPE Personal Inventory A knowledge self-evaluation The Six Domains: 01 Operations Management 02 Financial Management 03 Human resource Management 04 Organizational Governance 05 Patient-Centered Care 08 risk Management After completing the inventory, use your ratings in each domain to target personal objectives for your professional development plan and identify study areas for the ACMPE certification examinations. Find more information about the domains online and in the Body of Knowledge brochure. For an objective assessment of strengths and weaknesses in your medical practice management knowledge, take the 175-question ACMPE Knowledge Assessment, 3rd Edition (available for purchase through mgma.com). Based on The Body of Knowledge, this evaluation is useful in preparing for the ACMPE multiple choice exam or as a guide for your professional development. Copyright does not prohibit printing a desk copy or sharing the link to this self-evaluation with others. 2014, Medical Group Management Association (MGMA). ACMPE is the standard-setting and certification body of the Medical Group Management Association (MGMA). ACMPE Personal Inventory 00

3 01 Operations Management > Design and implement a process improvement program > Analyze, develop, implement and provide feedback on the strategic plan > Evaluate present needs, forecast future needs and locate appropriate opportunities for purchasing and asset management > Develop, adapt and maintain facilities to provide high quality and safe environment > Identify, select and utilize outsourced business services and external expertise Identify, develop and manage information technology Develop and manage communications, marketing and community relations plans Establish, communicate, implement and maintain productivity and compensation benchmarks for physicians and staff Monitor physician conduct and performance expectations with the practice's governing body Find a complete description of Business Operations tasks and knowledge in The Body of Knowledge at mgma.com/bodyofknowledge. Get an objective assessment of your knowledge in all areas of the Body of Knowledge by taking the ACMPE Knowledge Assessment, 34d Edition (available for purchase through mgma.com). ACMPE Personal Inventory 01

4 02 Financial Management > Develop, implement and manage the revenue cycle > Manage Cash Flow > Manage accounts payable > Manage the payroll system > Create and manage budgets Find a complete description of Financial Management tasks and knowledge in The Body of Knowledge at mgma.com/bodyofknowledge. Get an objective assessment of your knowledge in all areas of the Body of Knowledge by taking the ACMPE Knowledge Assessment, 3rd Edition (available for purchase through mgma.com). ACMPE Personal Inventory 02

5 03 Human resource Management > Create, implement and manage a staffing plan > Direct and manage the retention of clinical and nonclinical staff > Manage systems, processes and structure for training and development of clinical and nonclinical staff > Develop, coordinate and implement staff compensation and benefit plans > Evaluate the performance of staff Find a complete description of Human Resource Management tasks and knowledge in The Body of Knowledge at mgma.com/bodyofknowledge. Get an objective assessment of your knowledge in all areas of the Body of Knowledge by taking the ACMPE Knowledge Assessment, 3rd Edition (available for purchase through mgma.com). ACMPE Personal Inventory 03

6 04 organizational Governance > Facilitate the corporate legal structure and the governance for the organization > Integrate the corporate mission, vision and values statement into the organization's culture Find a complete description of Organizational Governance tasks and knowledge in The Body of Knowledge at mgma.com/bodyofknowledge. Get an objective assessment of your knowledge in all areas of the Body of Knowledge by taking the ACMPE Knowledge Assessment, 3rd Edition (available for purchase through mgma.com). ACMPE PErsonAl InvEntory 04

7 05 Patient-Centered Care > Provide an environment to create, implement and maintain care coordination processes that lead to the best patient outcome > Design, implement and maintain quality initiatives and measurement activities. Find a complete description of Patient-Centered Care tasks and knowledge in The Body of Knowledge at mgma.com/bodyofknowledge. Get an objective assessment of your knowledge in all areas of the Body of Knowledge by taking the ACMPE Knowledge Assessment, 3rd Edition (available for purchase through mgma.com). ACMPE PErsonAl InvEntory 05

8 08 risk Management > Create, implement and maintain a risk management plan to provide a safe environment > Develop, implement and maintain policies and procedures to prevent or minimize the impact of adverse events > Develop, implement and maintain a compliance program for federal and state laws and regulations > Comply with necessary accreditation and licensure requirements Find a complete description of Risk Management tasks and knowledge in The Body of Knowledge at mgma.com/bodyofknowledge. Get an objective assessment of your knowledge in all areas of the Body of Knowledge by taking the ACMPE Knowledge Assessment, 3rd Edition (available for purchase through mgma.com). ACMPE PErsonAl InvEntory 06

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