Webinar on Pediatric Financial Benchmarking

Overview: In this discussion, we will focus on financial measures that are meaningful to pediatricians.In this webinar, we will identify a pediatric-specific measure, explain how to calculate it, and then share results from pediatric practices around the country. Practices will have a simple blueprint to use to develop and compare their own performances without having to understand computer programming and using data that even the most rudimentary practice management systems can generate.

Why should you Attend: Independent pediatric practices work in silos - rarely understanding how their performance compares to their local peers or even on a national scale. What numbers should a managing physician or practice administrator pay attention to? What are the indicators of danger or success? To make matters worse, financial benchmarking in medicine has little or no understanding of the unique nature of pediatrics. Vaccines make up 20% or more of revenue in pediatric practices except in universal states. How can you possibly make comparisons? What's a normal A/R for a busy practice? What's an appropriate E&M distribution? What is a Sick:Well ratio?

Most independent physicians forget that they run a small business, and running a small business means being aware of your financial performance and productivity. Practices who don't constantly sample their own performance data and compare it not only to others, but to their own histories can expect to operate inefficiently and repeat mistakes year after year. Stay independent by understanding your performance.

Areas Covered in the Session:

What Is a Benchmark?
What makes a good benchmark?
Where can you get good pediatric benchmark data?
What do I do if my results are different?
A/R Days, A/R Days > 60 Days Old
Revenue-Per-Visit, with and without immunizations
Pricing
Medicaid Volume
E&M Distribution

Who Will Benefit:

Managing Partners
Practice Administrators for Independent Pediatric Practices

Speaker Profile

Chip Hart is the Director of PCC's Pediatric Solutions consulting group and author of the popular blog Confessions of a Pediatric Practice Consultant (chipsblog.com). Chip's 25 years of pediatric practice management expertise has helped thousands of pediatricians increase their clinical and financial health. He has conducted many successful insurance contract negotiations on behalf of his clients and worked as a consultant for the American Academy of Pediatrics (AAP) and the AAP Section on Administration and Practice Management (SOAPM). As a dynamic and motivating speaker, Chip leads educational seminars and consults for pediatric professionals nationwide for organizations like the AAP, state chapter AAP programs, the MGMA, and various physican and hospital organizations around the country. Chip was a member of the CCHIT Child Health Work Group and is a member of the CDC Clinical Decision Support and Children's Model EHR format working groups.

Price - $139
Contact Info:
Netzealous LLC -MentorHealth
Phone No: 1-800-385-1607
Fax: 302-288-6884
Email: support@mentorhealth.com
Website: http://www.mentorhealth.com/
Webinar Sponsorship: https://www.mentorhealth.com/control/webinar-sponsorship/