June 15, 2002
1 min read

Measuring practice success

Objective data on these four business variables can help you better manage your practice.

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Success in a medical group can be defined by a number of factors. Objectively measuring these variables allows you to better manage your business.

These variables include:

  • Profitability and overhead management;
  • Productivity, capacity utilization and staffing measures;
  • Cash-flow management efficiency;
  • Patient and employee satisfaction.

In all cases, as a business owner or manager, you should be able to identify objective means to measure all of these things. Once you have objective data in front of you, it becomes relatively easy to manage your business.

For Your Information:
  • Bruce S. Maller, is president of The BSM Consulting Group, 916 Southwood Blvd., Suite 2C, Incline Village, NV 89451; (775) 832-0600 or 800-832-0609; fax: (775) 832-0664; Web site: www.bsmconsulting.com.