Practice Performance Reporting Service

Do you struggle to provide practice managers and physicians with timely, accurate managerial accounting information for your hospital-owned medical practice network? Can you confidently compare your practice performance ratios to medical practice benchmarks?

The Halley Consulting Performance Reporting Service provides standardized managerial reporting for your hospital-owned medical practices. The service:

• Provides meaningful data to help physicians and managers understand the sources of strong and weak practice performance
• Identifies best operating practices through meaningful internal and external comparisons by medical specialty
• Facilitates development of revenue and expense tactics that improve bottom-line performance.

Our process and deliverables include:

• An electronic template delivered to each practice for data collection
• Your general ledger categories mapped to the Halley Reporting Model by our team
• A monthly electronic income statement, standard statistics and ratios and a performance gap analysis for each practice or cost center
• A summary of the monthly performance highlights and “red flags” for the physicians, practice managers and hospital executives
• Training for each practice manager in the interpretation of the reports and their use in developing Site-Specific Action Plans designed to improve the performance of each practice
• Up to four hours each month of additional training and support

The Halley Consulting Performance Reporting Service saves our clients time and money by reducing the number of FTEs required to provide accurate data that can facilitate real operational improvement at the medical practice level.

 

“Halley Consulting Group's financial improvement model remains the cornerstone of our continued financial success.” Dr. Curtis Chastain President of Our Lady of the Lake Physician Group Lake Primary Care Physicians Baton Rouge, Louisiana