HMC creating physician scorecard
Physicians drive cost without performance feedback
NEEDHAM, MASS. – June 9, 2010 – The Healthcare Management Council, Inc. (HMC) is creating a new cutting-edge physician scorecard tool.
Given that physicians drive most healthcare costs, it’s crucial for hospital managers to better understand their performance. In turn, managers must communicate with the doctors about their performance, and how it affects overall hospital quality and patient satisfaction. They order the tests, approve supplies, and suggest admissions and treatments. However, doctors receive no feedback on how their decisions impact cost, and little empirical evidence about how their decisions impact quality.
“Auto manufacturers and retailers pay close attention to their primary cost drivers,” notes Shelley Burns, head of knowledge management at HMC. “Why not healthcare? To that end, we’re organizing a peer group that will focus on building meaningful physician scorecards. This virtual group will collaborate via the HMC KnowledgeWeb with surveys, discussion forums, and Webinars. Our databases already house extensive clinical data and comparisons. Additionally, clients have asked about standard metrics or reports to find opportunities to improve utilization and quality via physician profiles or scorecards.”
HMC will enable hospitals to understand the impact of their physician groups. The scorecard will uncover how physician practice, utilization, length of stay (LOS), and quality directly impact the bottom line, patient satisfaction, and market share.
A physician scorecard will enable insight in the following areas:
Pattern comparisons. Managers will understand practice patterns and cost variations by LOS, supplies, and ancillary utilization. It will uncover practice variations that drive costs, outcomes, and clinical utilization across physicians.
Profitability. This will enable managers to understand which physicians are losing or making money for the organization. It will also permit administrators to uncover internal cost variances and compare them to external costs.
Quality. Administrators can identify the physicians who are negatively impacting quality, and the ones improving it.
HMC clients interested in joining the development group, please click here and start to explore the world of physician scorecards.
About HMC
HMC is the leading provider of actionable performance benchmarking, encompassing quality, cost, productivity, patient satisfaction, span of control, best practices, and dashboards. HMC enables hospital managers to achieve their full potential for excellence.
For further information: http://www.hmc-benchmarks.com
For press inquiries only, contact Marc Songini:
| Email: | msongini@hmccentral.com |
| Phone: | (781) 449-5287 |
