Physician practices are under more financial pressure than ever before. With ongoing staffing challenges, rising costs and shrinking revenue, the focus should be on improving efficiencies. Establishing and tracking key performance indicators (KPIs) gives practices the insight they need to create a strategic path forward.
The bottom-line impact of these challenges puts added pressure on practices that were already struggling to maintain financial viability before the pandemic. In this whitepaper, we detail the top KPIs that physician practices should be monitoring to ensure solid performance to surmount these challenges. For physician practices, we explore seven key indicators of practice health in the post-COVID environment.
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