Does Your Practice Measure Up?

Practice executives discuss the value of benchmarking

How does your practice measure progress? Simply comparing numbers from year to year is one way, but that may not tell you the whole story. Benchmarking is another way to measure practice performance. Participating in a benchmarking survey, such as that conducted by the American Association of Orthopaedic Executives (AAOE), can show how well your practice’s numbers compare to similar practices in your region.

Recently, several AAOE members discussed the value of benchmarking and the ways they use the data in the AAOE benchmarking survey. Moderating the discussion was Chad Sackman, RN, MBA, senior vice president of operations for Signature Medical Group, a 135-physician multispecialty group in Missouri. Joining him were the following individuals:

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