Sponsored by ASCOA | blambert@ascoa.com | 866.982.7262

3 Top Indicators for Successful Private Practices

Share on Facebook
Overall, private practice managers and physicians find that the revenue generated per day is the most important indicator that drives the running and improvement of their practice, according to a study by WhiteSpace Health Care.

The consulting and research firm has released the results of its study on the drivers behind challenges facing private practice.

The population of the study included hundreds of physicians and practice managers representing several specialties from around the globe. Several one-on-one interviews were also conducted with leading healthcare experts, consultants and economists.

Three indicators that drive the running and improvement of private practices, according to the study, are:

Revenue generated per day — 58 percent reported that it was the most important indicator driving their practice
Cost per visit — 52 percent reported that it was second most important indicator driving their practice
Number of visits per day — 44 percent reported that it was the least important indicator of the three driving their practice

More Articles on Private Practices:

5 Ways to Keep Private Medical Practice Relevant
Study: Physician Compensation Higher in Private Practice
Physician Says Hospital Buying Practices is Like "Wal-Mart Coming Into Town"


© Copyright ASC COMMUNICATIONS 2014. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

New from Becker's Hospital Review

Is the physician shortage real? 5 things to consider

Read Now