Issue link: https://viewer.e-digitaledition.com/i/658306
Monthly clinical dashboards: Evaluating physician productivity is a fundamenta l indicator that should be reviewed monthly. Comparing practice and individua l work relative value units by month can help you understand fluctuations in cash receipts. Using national benchmarks for comparison will help identify potential capacity issues. Many physician compensation programs are based on productivity, so measuring monthly and providing the data to the physicians eliminates much of the surprise that may come after the compensation is calculated. is for Care, Transformed. The new Clinics and Surgery Center is now open. M Health is transforming Minnesota health care. Now your patients can see a wide range of specialists at one convenient location, with easy check-in and check- out , and stress-free valet parking. There's nothing else like it . 9 09 Fulton Street SE, Minneapolis Learn more at MHealth.org/csc A collaboration bet ween Universit y of Minnesota Physicians and Universit y of Minnesota Medical Center. PUTTING YOUR DASHBOARDS INTO ACTION Even a simple one-page dashboard can help identify areas of opportunity in a timely, relative and actionable manner. There is also a lot of comparable medical practice data available. Use this to compare your clinic to others in your regional marketplace and specialty area. Data — especially financial data — can be overwhelming during monthly management meetings. The phrase "paralysis by analysis" comes to mind. But with simple yet sophisticated dashboards, your management team can easily spot trends, address changes that need to be made and ultimately drive better profitability in your medical practice. Annette Doebler is a healthcare manager with DS+B | CPAs + Business Advisors. For up-to-date healthcare financial management insights and guidance on develop- ing e•ective dashboards in your medical practice, visitdsb-cpa.com/healthcare. ■ Monthly production wRVUs for each physician, compared with national benchmark (MGMA median) M D N E W S . C O M /// M D N E W S M I N N E S O TA ■ 2 016 0 7