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Benchmarking Your Practice :

There are at least 12 key indicators you can use to benchmark the health of your practice. You can watch the indicators improve year to year or compare your practice to other practices like it. This calculator automatically calculates those key measures, based on a few pieces of data you provide. Come back often -- we hope you see positive changes!

Instructions:

Enter data requested below, then scroll down to see your key practice measures.

 


YOUR PRACTISE DATA HERE

Gross Charges (Annual) ($) :
Net (Collectable) Charges (Annual) :
Collections (Annual) :
No. of Procedure codes (CPT) billed (Annual) :
Operating Cost (Annual) :
Total AR (Current) :
AR over 120 Days :
No. of Physicians :
Physician Compensation (Annual) :
Physician Benefits (Annual, exclude malpractice) :
Hours (per week) of clerical and clinical support staff. Exclude mid-level providers :
Square Feet of office (all finished space, including halls, closets and stairwells) :
RESULTS FOR KEY INDICATORS
Total net medical revenue per FTE physician
(gross charges divided by number of physicians)
:
Total operating cost per FTE physician
(operating cost divided by number of physicians)
:
Revenue after operating cost per FTE physician
(total net medical revenue per FTE physician minus total operating cost per FTE physician)
:
Total physician cost per FTE physician
(physician compensation plus physician benefits divided by number of FTE physicians)
:
Total operating cost as % of total net medical revenue
(total general operating cost divided by total net medical revenue)
:
Revenue after operating cost as a % of total net medical revenue
(revenue after operating cost per FTE physician divided by total net medical revenue)
:
Total physician cost as a % of total net medical revenue
(total physician cost divided by total net medical revenue)
:
Total support staff per FTE physician
(number of full-time support staff divided by number of FTE physicians)
:
Procedures per FTE physician
(total net medical revenue per FTE physician minus total operating cost per FTE physician)
:
Square feet per FTE physician
(square footage in office divided by number of FTE physicians)
:
Total gross charges per FTE physician
(gross charges divided by number of FTE physicians)
:
Percentage of total A/R over 120 days old :
Adjusted FFS collection percentage
(collections divided by gross charges)
:
Number of days gross FFS charges in A/R
(total A/R divided by number of days gross FFS charges in A/R)
:

 

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