Transparency is key to understanding performance and seeing trends
Emergency medicine (EM) groups must work to capture every dollar they’re entitled to in the face of ongoing healthcare reimbursement reductions, rising costs and growing competition. At the same time, maintaining strong hospital relations has never been more important for collaborating on patient satisfaction results and reducing the possibility of being replaced by another emergency group.
Measuring and tracking practice-wide operational and financial metrics has long been a key to improving EM performance and demonstrating value to hospitals and payers. Now groups are taking reporting to the next level by developing provider report cards that focus on the activities of individual physicians and physician extenders.
At Optum, we’ve seen a growing number of our emergency department clients embrace reports that show how each clinician performs in specific areas vital to the overall success of the practice. The goal is to help reduce revenue leakage by understanding and improving all aspects of individual and organizational performance.