Hospitals invest in physician practices to improve community access, E.D. coverage, and ensured market viability. Health systems also realize building their employed network, is an investment in their ability to improve quality through better care coordination and managing risk contracts over the long term. But, as health systems continue to employ larger numbers of physicians, many challenges have emerged. Mismatches in supply and demand, inadequate management infrastructure, and organizations' willingness to invest capital in practices have steadily increased losses on employed physician networks. Many organizations are at the point where there is a threat to bottom lines. These factors are not new issues , yet most health systems still do not have a sophisticated understanding of the root cause of the losses in their network. Health systems must embrace a data-driven management style to pinpoint where these losses start and determine to fix them Data will be the key to successful physician networks in the future.
Learning Objectives:
Discover key metrics that need to be reported regularly and incorporated into practice management dashboards.
Produce physician practice management dashboards for key organization stakeholders (executive, medical group leadership, practice managers).
Develop a reporting structure that keeps data consistent and valuable for decision-making.
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