• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
HSG Advisors

HSG Advisors

Building High-Performing Physician Networks

MENUMENU
  • Home
  • About HSG
    • About HSG
      • Shared Vision
      • Leadership Team
    • Careers
  • Healthcare Consulting
    • Physician Strategy
      • Health System Strategic Plans
      • Employed Physician Network Strategy
      • Physician Growth Strategy
      • Shared Vision and Culture Development
      • Physician Manpower Plans
      • Service Line Strategy
      • Physician Co-Management
    • Physician Leadership
      • Shared Vision and Culture Development
      • Physician Burnout
      • Physician Governance and Leadership
    • Performance Improvement
      • Network Performance Improvement
      • Performance Improvement Implementation
      • Network Revenue Cycle
      • Practice Care Model Transformation
      • Practice Acquisitions
      • Advanced Practice Provider (APP) Utilization
      • Virtual Health
    • Network Integrity
      • Patient Share of Care
      • Patient Flow
      • Provider Service Location Analysis
      • Market Insight
      • Physician Network Intelligence
    • Physician Compensation
      • Compensation Plan Design
      • Fair Market Value and Commercial Reasonableness Opinions
      • Advanced Practice Provider (APP) Compensation
      • Medicare Physician Fee Schedule
  • Thought Leadership
  • Contact Us
  • Medicare Changes
  • Client Log-In
Client Log-In LinkedIn LinkedIn

Contact Us

Data Drives the Future of Physician Practice Management: Best Practices For Practice Management Reporting

2022 whitepaper outlining best practices for physician practice management reporting and how data will drive the future of operations.

March 14, 2022 by D.J. Sullivan

Data Drives the Future of Physician Practice Management: Best Practices For Practice Management Reporting

Overview

As health systems continue to employ larger numbers of physicians, many challenges have emerged. Due to mismatches in supply and demand, inadequate management infrastructure, and organizations’ willingness to invest capital in practices, losses on employed physician networks have steadily risen. In fact, many organizations are at the point where there is a threat to the hospital’s bottom lines. Hospitals have been willing to invest their money in physician practices as it brought community access, ED coverage, and ensured market viability. Health systems also realize that by building their employed network they are investing in capabilities to improve quality by better coordinating care and managing risk contracts over the long term.

All these factors have been discussed within the industry, but most health systems still do not have a sophisticated understanding of the root cause of the losses in their network, nor a consistent methodology for practice management reporting. To pinpoint where these losses start, health systems must embrace a data-driven management style. Data will be the key to successful physician networks in the future.

Questions for Management to Start the Discovery Process.

  • Do we currently equip decision-makers with metric-driven management dashboards to inform operational and strategic decisions?
  • Do we have the management, IT infrastructure, and staffing to electively mine and report on key data metrics?
  • Which team members have the greatest ability to effect change for each metric?
  • With what frequency (weekly, monthly, quarterly), and by whom, should dashboard metrics be reported and reviewed?

Executive Level Practice Management Reporting Dashboard

This white paper was created to outline best-practices for practice management reporting including: measuring, reporting, and building a constant stream of key performance indicators related to your physician network. Making sense of the data and understanding its implications becomes much easier through effective reporting, enabling management to make more informed strategic decisions. We recommend using consistent metrics across audiences, from practice managers to executives. However, each audience should be provided with varying levels of detail to best support their job function.

To discuss how HSG is partnering with health systems around the nation to build and execute a data management and reporting structure specific to your physician network, contact Davis Creech directly.

Provider Productivity by Tenure

Download the Full White Paper

Practice Management Reporting.pdf
Practice Management Reporting
Download a Digital Version of the White Paper

Practice Management Reporting Flip Book.pdf
Practice Management Reporting Flip Book
Check Out the Flip Book Version of the White Paper

Related Thought Leadership

HSG Advisors has been considered experts in physician network performance improvement for 20+ years. Access more content related to our insights from partnering with health systems around the nation and ways in which we’re partnering with them to develop practice management reporting that is data oriented to drive the future of physician practice management.

10-Week Network Opportunity Analysis

Becker’s Hospital Review: Reducing Employed Physician Network Losses

Category iconPerformance Improvement,  White Papers

Primary Sidebar

M. Davis Creech

(502) 814-1183 dcreech@hsgadvisors.com

Receive Physician Strategy News

  • This field is for validation purposes and should be left unchanged.

Recent Thought Leadership

  • Leveraging Outpatient Utilization Data to Develop Ambulatory Growth Strategies
  • HSG Claims Data Analytics Updates: February 2023
  • 2023 Medicare Physician Fee Schedule Updates
  • HSG Advisors Expands Consulting Services and Data Analytics Capabilities in Response to National Outpatient Utilization Trend
  • Creating a Win/Win System of Advanced Practice Provider Oversight

Insights for Confident Leaders

Sign Up for HSG's Physician Strategy News™ and Notifications on New Thought Leadership
  • This field is for validation purposes and should be left unchanged.

Footer

9850 Von Allmen Court
Suite 201
Louisville, Kentucky 40241

(502) 814-1180

info@HSGadvisors.com

  • Physician Strategy
  • Physician Leadership
  • Performance Improvement
  • Network Integrity
  • Physician Compensation
  • About HSG
  • Purchase HSG’s Book
  • Leadership Team
  • Careers at HSG
  • Thought Leadership
  • Privacy Policy

Take HSG’s Physician Network Evaluation Survey
Get Started Here

  • LinkedIn
  • Vimeo

© 2023 HSG Advisors. Website managed by SiteCare.com