Data Report: Keys to Medical Practice Excellence in 2024

Operating a successful medical group is always a formidable challenge, but many organizations stand above the rest despite the post-pandemic hurdles of tight staffing, rising expenses, new technologies and surging demand for care.  

MGMA DataDive evaluated 4,003 organizations for their 2022 performance to determine which ones achieved MGMA Better Performer status in terms of operations, profitability, productivity and value.* Among them, 956 organizations stand out above the rest.

Their work shines through in the 2023 MGMA DataDive Better Petformers report, Keys to Medical Practice Excellence in 2024, which highlights some of the biggest key performance indicators (KPIs) that fueled these Better Performers’ ability to achieve practice excellence, and shares tips from experts in MGMA Consulting and our best real-time data from MGMA Stat on what to expect next year and how to take performance to the highest levels in:

• Accounts receivable (A/R)
• Revenue growth and cost containment
• Patient access: Same-day appointments and time to third-next-available appointment (TNAA)
• Collections and charge posting.

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Learn More:

• Discover even more information to help your organization realize its potential: If you can actively commit to achieving medical practice excellence, the MGMA DataDive Better Performers data set is your North Star, serving as a baseline for benchmarking 2023 operations.* Participation across all three surveys (Compensation and Production, Cost and Revenue, and Practice Operations) is required to be considered for Better Performer status.
• Learn more about survey participation.