BETTER DATA. SMARTER DECISIONS.

Hospitals and health systems must optimize patient care outcomes and physician practice performance to survive and thrive. But 9 out of 10 hospital CFOs report their current benchmarks under deliver, impeding successful decision-making.

PTSPhysicians is the only business intelligence provider capturing and analyzing large amounts of transaction-level data to achieve the most accurate benchmarks and patient care tracking. Our proprietary products and services bring clarity to physician practice performance and patient care outcomes.

BETTER DATA. SMARTER DECISIONS.

Hospitals and health systems must optimize patient care outcomes and physician practice performance to survive and thrive. But 9 out of 10 hospital CFOs report their current benchmarks under deliver, impeding successful decision-making.

PTSPhysicians is the only business intelligence provider capturing and analyzing large amounts of transaction-level data to achieve the most accurate benchmarks and patient care tracking. Our proprietary products and services bring clarity to physician practice performance and patient care outcomes.

Does each discussion about improving performance become a battle over the interpretation of data?  Boards, CFOs, physician group executives and high-performing physicians all want to know what represents excellent performance and how they can most effectively use the wide range of data collected within their systems and within their region.

PTSPhysicians delivers Physician Benchmarks

By rigorously standardizing transaction-level data using to our refined methodology, PTSPhysicians delivers benchmarks that enable chief administrators of hospital-owned physician practices to leverage the data to drive efficiency and profitability.  These executives report reliable benchmarks quickly gain acceptance and buy-in from physicians who more enthusiastically partner with the physician group executives to set and achieve targets for improvement.

PTSPhysicians is unique in standardizing data to provide regional benchmarks for physician practice groups, and using impactful analysis of those benchmarks to recommend actions designed to improve practice efficiency and profitability.

Since we collect and scrub transaction-level data from the revenue-cycle, the Profit & Loss statements and human resource reports, PTSPhysicians is uniquely positioned to incorporate market data into on-going customized performance reporting, and ad hoc reports that support operational initiatives.

Benchmarks answer the most pressing questions

Benchmarks drawn from standardized data provide answers to the most pressing questions Boards, CFOs, hospital-owned physician practice groups and physicians are asking . . .

• Which of my practices are the highest and lowest performing?
• What does it take to bring my practice to profitability?
• How do physicians know where they stand with respect to their targets?
• Is the subsidy for any practice beyond the industry norm?
• Is it time to add a physician to a practice or another practice specialty?
• Are compensation-levels fair and sustainable?
• Are our charges and revenues in line with regional norms?
• How do we communicate effectively with physicians so they take ownership of their results?
• What are the drivers of profitability for each specialty in the region?

PTSBenchmarker is the most reliable set of physician practice group financial performance data benchmarks in the Midwest.  Over the last two years, PTSPhysicians has built a database from transaction-level physician practice group data designed to deliver comparable, customizable, and relevant benchmarks which enable practice group executives to make decisions about how to improve the efficiency and profitability of their practices.

What can I learn from the answers?

PTSAdvisor augments the ability of your analyst team to find the answers to your most pressing questions.  Our benchmarks and analyses also augment existing consulting relationships.

As the benchmarks indicate performance outliers, PTSPhysicians applies its analytical expertise and broad physician practice perspective to look more closely at the underlying transaction-level data to pinpoint the root causes of performance outliers.  As a result, the best practices of highest-performers are captured and rolled-out across the practice group.  PTS can help lower-performing practices readily isolate areas of improvement.

While any physician group executive and the analyst team can internally rank their practices with a variety of spreadsheet metrics or system reports, external comparison points are what truly drives objective comparisons, genuine physician buy-in and meaningful goal setting.

How can I effectively communicate the answers?

PTSMonitor allows physician practice executives to communicate the results of benchmarking and to track progress on targets.  We deliver customized dashboards and simplified reports focused on the metrics most important to Boards, executives and physicians.  PTS frequently joins practice executives in meetings with physicians to facilitate healthy discussion between all stakeholders about the information we provide. If an analyst team is in place, PTS works seamlessly with it, enabling the analysts to spend less time on report generation and devote more time to other strategic initiatives.

To ensure benchmarks will deliver answers to your questions, call us.  We can make your data work for you.

*Results for a recent VHA CFO survey.

Contact us to discuss how benchmarking can bolster the efficiency and profitability of your practices.

Are our products a fit for you?  The best way to know is to contact one of us so you can find out for yourself.  Our highly trained team of experts will assess your needs and let you know what the future is.