Vital Signs Blog

KEY PERFORMANCE DASHBOARDS AND VITAL SIGN APP

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FINANCIAL MANAGEMENT AND PERFORMANCE FORECASTING FOR SUCCESSFUL PRACTICES

Key indicators of provider performance are vital to managing high-performing practices. Medic Management Group provides custom-built key indicators based on physician compensation plans, practice goals, and business models.

Sample Dashboard

Sample Health System Provider Profit and Loss and Productivity Statistics

Our professionals can extract data from any practice management system and add general ledger information to provide a performance picture of the individual physician or provider, specific practice locations, combined subspecialties, and the consolidated provider group as a whole. In addition, we can add quality measures to these custom dashboards to guide all aspects of physician performance.

MMG VITAL SIGNS APP

At Medic Management Group, we’ve simplified the process of tracking performance with our Vital Signs app, available free on iTunes. Vital Signs allows a practice to monitor financial performance (charges, payments, expenses, etc.) while providing the flexibility to track other important metrics such as meaningful use, patient satisfaction, and quality improvement initiatives. This actionable data is pushed daily to your mobile device and is available 24/7, allowing practices to make strategic decisions and necessary changes at the right time.

  • Simple charts and graphs allow complex data to be easily understood and shared.
  • Access can be given to as many professionals in your practice as you’d like.
  • Create custom alerts to be notified when your practice is trending away from industry benchmarks or your own historical activity.
  • Practice managers and CFOs have the ability to track providers, departments, or their entire organization.

Medic Management Group can work with you to customize meaningful key performance indicators and alerts that fit the precise needs of your practice. Contact VitalSigns@MedicMgmt.com if you are interested in more information on setting up custom KPIs or for more information on Vital Signs.

If you are not an Medic Management Group client, you can download Vital Signs and complete the registration to see sample KPIs and alerts.

“The work has been consistently excellent. I really appreciate the fact that my MMG contact checks in with me regularly to see how things are going rather than assuming that I will call if there is a problem.”

— Sloan Albert, President and COO, Mount Carmel Medical Group