“If You Don’t Know Where You’re Going…” How Benchmarking Can Improve Your Network’s Financial Performance

Health Care

December 01, 2009
by Jeanne Chapdelaine

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Jeanne Chapdelaine Jeanne Chapdelaine

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“... Any road will take you there.” Truly successful hospital-sponsored provider networks thoroughly understand their financial and operating performance. They know what’s working and what’s not and have corrective action plans in place for continuous improvement. And they know what can be achieved. 

A helpful first step towards fully understanding operating and financial performance is to conduct a comprehensive benchmarking analysis that compares the network’s financial performance, provider productivity and compensation, fees, and coding to industry/normative data.

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Length: 7 pages (PDF 293 kB)

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