Key indicators: The pulse of a practice

Description

Abstract: Well-run practices have a set of data points called “key indicators” that partner physicians track on a regular basis. This information is often conveyed in reports that go by a number of titles, including “key indicator reports,” “flash reports,” or “business markers.” What the reports all have in common is a concise measurement of the health of the practice at a given point in time — ideally, early enough to be proactive in detecting and resolving problems. This article takes a closer look at this important tool for managing practice financials.