Chaos In the Medical World

  If I only had clarity.   One of my clients always told me, "If I only had clarity." She wanted to understand what the number meant. The only sure way to get clarity is to review your data systematically. In today's medical world, Medicare and commercial payors reimbursements are dropping, and the dramatic cost of staffing has increased so much in the last few years, and only if you can find new employees. The need for more intelligent business decisions has never been more critical than today.     Gathering the data and correctly correlating and interpreting the data is the science of what KPIs are all about. Employing financial KPIs is crucial for medical offices to track the health of their business, make innovative changes, and avoid knee-jerk reactions. By monitoring these metrics, medical practices can identify areas for improvement, make informed financial decisions, and ensure long-term sustainability. Here are some critical financial KPIs fo...